Activision Blizzard Sees Large Growth in Short Interest (ATVI)
Activision Blizzard (NASDAQ:ATVI) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 15,876,415 shares, an increase of 12.9% from the March 31st total of 14,063,375 shares, American Banking News.com reports. Based on an average daily trading volume, of 5,989,759 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.5% of the shares of the stock are short sold.
ATVI has been the subject of a number of recent research reports. Analysts at Brean Capital reiterated a “buy” rating on shares of Activision Blizzard in a research note on Monday, April 21st. They now have a $23.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Activision Blizzard from $21.00 to $23.00 in a research note on Friday, April 11th. Finally, analysts at Zacks upgraded shares of Activision Blizzard from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 8th. They now have a $21.60 price target on the stock. Fourteen research analysts have rated the stock with a buy rating, Activision Blizzard currently has an average rating of “Buy” and a consensus price target of $22.76.
Activision Blizzard (NASDAQ:ATVI) opened at 20.01 on Thursday. Activision Blizzard has a 1-year low of $13.27 and a 1-year high of $21.50. The stock has a 50-day moving average of $20.12 and a 200-day moving average of $18.41. The company has a market cap of $14.255 billion and a price-to-earnings ratio of 20.73.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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