Micron Technology Short Interest Down 1.8% in April (MU)
Shares of Micron Technology (NASDAQ:MU) were the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 115,492,682 shares, a decrease of 1.8% from the March 31st total of 117,553,948 shares, Analyst Ratings Network reports. Currently, 11.0% of the company’s stock are short sold. Based on an average trading volume of 40,693,296 shares, the short-interest ratio is currently 2.8 days.
Several analysts have recently commented on the stock. Analysts at Needham & Company LLC raised their price target on shares of Micron Technology from $34.00 to $40.00 in a research note on Friday, April 4th. Separately, analysts at Topeka Capital Markets raised their price target on shares of Micron Technology from $25.00 to $27.00 in a research note on Friday, April 4th. Finally, analysts at Wedbush raised their price target on shares of Micron Technology from $27.00 to $31.00 in a research note on Friday, April 4th. One analyst has rated the stock with a hold rating, Micron Technology currently has a consensus rating of “Hold” and an average target price of $29.22.
Micron Technology (NASDAQ:MU) opened at 26.25 on Friday. Micron Technology has a 1-year low of $9.07 and a 1-year high of $26.82. The stock has a 50-day moving average of $23.80 and a 200-day moving average of $22.15. The company has a market cap of $28.097 billion and a price-to-earnings ratio of 10.55.
Micron Technology, Inc, is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
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