Responsys Short Interest Down 37.4% in January (MKTG)
Responsys (NASDAQ:MKTG) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 435,333 shares, a drop of 37.4% from the January 15th total of 695,961 shares, AmericanBankingNews.com reports. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 819,600 shares, the short-interest ratio is presently 0.5 days.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Responsys from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $27.70 price target on the stock. Finally, analysts at Stephens downgraded shares of Responsys from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $23.34.
Shares of Responsys (NASDAQ:MKTG) remained flat at $26.98 during trading on Thursday. Responsys has a 52-week low of $6.32 and a 52-week high of $27.79. The stock has a 50-day moving average of $26.93 and a 200-day moving average of $18.65.
Responsys, Inc (NASDAQ:MKTG) is a provider of on-demand software and professional services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.