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Vale SA (NYSE:VALE) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 96,364,971 shares, an increase of 3.7% from the April 15th total of 92,944,081 shares, AR Network reports. Based on an average daily volume of 17,991,180 shares, the days-to-cover ratio is presently 5.4 days. Approximately 3.0% of the shares of the company are sold short.

Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Vale SA in a research note on Friday, May 16th. They now have a $17.00 price target on the stock, down previously from $19.00. Separately, analysts at Canaccord Genuity cut their price target on shares of Vale SA from $18.50 to $17.00 in a research note on Friday, May 2nd. Finally, analysts at Canaccord Genuity cut their price target on shares of Vale SA from $20.00 to $19.00 in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Vale SA currently has a consensus rating of “Hold” and a consensus price target of $17.90.

Vale SA (NYSE:VALE) opened at 13.09 on Wednesday. Vale SA has a 1-year low of $12.29 and a 1-year high of $17.14. The stock’s 50-day moving average is $13.89 and its 200-day moving average is $14.2. The company’s market cap is $67.458 billion.

Vale SA (NYSE:VALE) is a Brazil-based metals and mining company.

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