Yahoo! Sees Large Increase in Short Interest (YHOO)
Shares of Yahoo! (NASDAQ:YHOO) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 24,575,586 shares, an increase of 7.9% from the March 31st total of 22,774,374 shares, American Banking and Market News reports. Based on an average daily volume of 30,195,727 shares, the short-interest ratio is presently 0.8 days. Currently, 2.6% of the shares of the company are sold short.
A number of analysts have recently weighed in on YHOO shares. Analysts at Ned Davis Research upgraded shares of Yahoo! from a “sell” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Scotiabank reiterated a “buy” rating on shares of Yahoo! in a research note on Thursday, April 17th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! in a research note on Thursday, April 17th. They now have a $38.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $39.74.
Shares of Yahoo! (NASDAQ:YHOO) opened at 35.95 on Thursday. Yahoo! has a 52 week low of $23.82 and a 52 week high of $41.72. The stock’s 50-day moving average is $35.87 and its 200-day moving average is $36.88. The company has a market cap of $37.080 billion and a P/E ratio of 29.88.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Yahoo! will post $1.65 earnings per share for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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