Logitech International SA Short Interest Up 12.8% in April (LOGI)
Logitech International SA (NASDAQ:LOGI) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 20,669,274 shares, a growth of 12.8% from the March 31st total of 18,325,156 shares, Analyst Ratings Network reports. Currently, 13.9% of the shares of the company are sold short. Based on an average daily volume of 1,134,861 shares, the short-interest ratio is currently 18.2 days.
In other Logitech International SA news, Director Daniel Borel unloaded 200,000 shares of Logitech International SA stock on the open market in a transaction dated Friday, April 25th. The shares were sold at an average price of $13.87, for a total transaction of $2,774,000.00. Following the sale, the director now directly owns 9,560,243 shares of the company’s stock, valued at approximately $132,600,570. The sale was disclosed in a document filed with the SEC, which is available at this link.
LOGI has been the subject of a number of recent research reports. Analysts at Nomura initiated coverage on shares of Logitech International SA in a research note on Wednesday, April 9th. Separately, analysts at Zacks upgraded shares of Logitech International SA from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Logitech International SA in a research note on Thursday, March 6th. They now have a $19.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Logitech International SA currently has a consensus rating of “Hold” and a consensus target price of $7.50.
Shares of Logitech International SA (NASDAQ:LOGI) opened at 13.45 on Thursday. Logitech International SA has a 52 week low of $6.26 and a 52 week high of $16.88. The stock has a 50-day moving average of $14.81 and a 200-day moving average of $13.50. The company has a market cap of $2.173 billion and a P/E ratio of 71.79.
Logitech International SA (NASDAQ:LOGI) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.08. On average, analysts predict that Logitech International SA will post $0.79 earnings per share for the current fiscal year.
Logitech International SA (NASDAQ:LOGI) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
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