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Sirius XM Holdings (NASDAQ:SIRI) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 215,116,208 shares, a decrease of 7.9% from the April 15th total of 233,456,766 shares, ARN reports. Approximately 7.6% of the shares of the company are sold short. Based on an average trading volume of 57,010,482 shares, the days-to-cover ratio is currently 3.8 days.

SIRI has been the subject of a number of recent research reports. Analysts at Wunderlich reiterated a “hold” rating on shares of Sirius XM Holdings in a research note on Tuesday. They now have a $3.50 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Sirius XM Holdings from $4.00 to $3.50 in a research note on Monday, April 28th. Finally, analysts at TheStreet downgraded shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $4.28.

Sirius XM Holdings (NASDAQ:SIRI) opened at 3.2169 on Thursday. Sirius XM Holdings has a one year low of $2.98 and a one year high of $4.18. The stock’s 50-day moving average is $3.17 and its 200-day moving average is $3.49. The company has a market cap of $19.410 billion and a price-to-earnings ratio of 58.39.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $994.93 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that Sirius XM Holdings will post $0.09 earnings per share for the current fiscal year.

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems.

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