Emeritus Short Interest Down 43.9% in March (ESC)
Emeritus (NYSE:ESC) was the target of a large decline in short interest during the month of January. As of March 14th, there was short interest totalling 727,283 shares, a decline of 43.9% from the February 28th total of 1,295,736 shares, AnalystRatingsNetwork.com reports. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 807,185 shares, the short-interest ratio is currently 0.9 days.
ESC has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Emeritus from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Separately, analysts at Deutsche Bank downgraded shares of Emeritus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, analysts at JMP Securities downgraded shares of Emeritus from an “outperform” rating to a “market perform” rating in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.50.
Emeritus (NYSE:ESC) opened at 30.46 on Thursday. Emeritus has a 1-year low of $18.15 and a 1-year high of $32.57. The stock’s 50-day moving average is $30.51 and its 200-day moving average is $23.33. The company’s market cap is $1.433 billion.
Emeritus (NYSE:ESC) last announced its earnings results on Thursday, February 20th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by $0.40. On average, analysts predict that Emeritus will post $-1.96 earnings per share for the current fiscal year.
Emeritus Corporation (NYSE:ESC) is engaged in operations of senior living communities in the United States.
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