Short Interest in Sirius XM Holdings Grows By 8.0% (SIRI)
Sirius XM Holdings (NASDAQ:SIRI) was the target of a significant growth in short interest in January. As of March 31st, there was short interest totalling 242,227,243 shares, a growth of 8.0% from the March 14th total of 224,207,915 shares, Stock Ratings News reports. Based on an average daily trading volume, of 80,864,581 shares, the days-to-cover ratio is presently 3.0 days. Currently, 8.5% of the company’s stock are sold short.
SIRI has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of Sirius XM Holdings in a research note on Thursday. They set a “buy” rating and a $4.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Sirius XM Holdings from $3.34 to $4.00 in a research note on Tuesday, April 8th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sirius XM Holdings in a research note on Thursday, April 3rd. They now have a $3.50 price target on the stock. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $4.28.
Shares of Sirius XM Holdings (NASDAQ:SIRI) opened at 3.16 on Monday. Sirius XM Holdings has a 1-year low of $2.97 and a 1-year high of $4.18. The stock’s 50-day moving average is $3.36 and its 200-day moving average is $3.61. The company has a market cap of $19.268 billion and a price-to-earnings ratio of 51.67.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $981.92 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that Sirius XM Holdings will post $0.10 EPS for the current fiscal year.
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems.
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