Intel Sees Large Drop in Short Interest (INTC)
Intel (NASDAQ:INTC) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totalling 182,576,669 shares, a drop of 10.0% from the April 15th total of 202,974,802 shares, AnalystRatingsNetwork.com reports. Approximately 3.7% of the company’s stock are short sold. Based on an average daily volume of 31,335,235 shares, the short-interest ratio is currently 5.8 days.
A number of research firms have recently commented on INTC. Analysts at Zacks reiterated a “neutral” rating on shares of Intel in a research note on Thursday, April 17th. They now have a $28.00 price target on the stock. Separately, analysts at Susquehanna reiterated a “neutral” rating on shares of Intel in a research note on Wednesday, April 16th. They now have a $23.00 price target on the stock. Finally, analysts at MKM Partners reiterated a “neutral” rating on shares of Intel in a research note on Wednesday, April 16th. They now have a $27.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.51.
Shares of Intel (NASDAQ:INTC) opened at 26.33 on Thursday. Intel has a 52 week low of $21.89 and a 52 week high of $27.24. The stock has a 50-day moving average of $26. and a 200-day moving average of $25.17. The company has a market cap of $131.1 billion and a P/E ratio of 14.15.
Intel (NASDAQ:INTC) last released its earnings data on Tuesday, April 15th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.81 billion. During the same quarter last year, the company posted $0.40 earnings per share. Intel’s revenue was up 1.5% compared to the same quarter last year. Analysts expect that Intel will post $1.89 EPS for the current fiscal year.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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