Staples Short Interest Up 5.3% in April (SPLS)
Staples (NASDAQ:SPLS) saw a large growth in short interest in April. As of April 30th, there was short interest totalling 88,318,293 shares, a growth of 5.3% from the April 15th total of 83,836,455 shares, Stock Ratings News reports. Based on an average daily trading volume, of 8,330,386 shares, the short-interest ratio is presently 10.6 days. Currently, 13.7% of the company’s stock are sold short.
A number of research firms have recently commented on SPLS. Analysts at TheStreet downgraded shares of Staples from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Staples in a research note on Thursday, March 13th. They now have a $12.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.42.
Staples (NASDAQ:SPLS) opened at 13.475 on Wednesday. Staples has a one year low of $11.04 and a one year high of $17.30. The stock’s 50-day moving average is $12.16 and its 200-day moving average is $13.79. The company has a market cap of $8.768 billion and a P/E ratio of 14.10.
Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.06. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter last year, the company posted $0.46 earnings per share. Staples’s revenue was down 10.6% compared to the same quarter last year. On average, analysts predict that Staples will post $1.08 earnings per share for the current fiscal year.
Staples, Inc (NASDAQ:SPLS) is an office products company.
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