Whole Foods Market Short Interest Up 27.7% in April (WFM)
Whole Foods Market (NASDAQ:WFM) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 21,102,483 shares, a growth of 27.7% from the April 15th total of 16,520,089 shares, StockRatingsNetwork.com reports. Approximately 5.7% of the company’s stock are short sold. Based on an average daily volume of 5,212,491 shares, the short-interest ratio is currently 4.0 days.
Several analysts have recently commented on the stock. Analysts at Sterne Agee downgraded shares of Whole Foods Market to a “neutral” rating in a research note on Wednesday, May 7th. Separately, analysts at Jefferies Group downgraded shares of Whole Foods Market to a “hold” rating in a research note on Wednesday, May 7th. Finally, analysts at Deutsche Bank downgraded shares of Whole Foods Market to a “hold” rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Whole Foods Market has an average rating of “Hold” and a consensus price target of $60.09.
Shares of Whole Foods Market (NASDAQ:WFM) opened at 39.35 on Wednesday. Whole Foods Market has a one year low of $37.31 and a one year high of $65.59. The stock has a 50-day moving average of $48.76 and a 200-day moving average of $53.91. The company has a market cap of $14.615 billion and a price-to-earnings ratio of 26.43.
Whole Foods Market, Inc (NASDAQ:WFM), is a retailer of natural and organic foods.
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