NeuStar Sees Large Increase in Short Interest (NSR)
Shares of NeuStar (NYSE:NSR) were the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 17,800,719 shares, a growth of 16.0% from the April 15th total of 15,342,730 shares, StockRatingsNetwork.com reports. Currently, 29.9% of the shares of the company are sold short. Based on an average daily volume of 1,933,248 shares, the days-to-cover ratio is currently 9.2 days.
Separately, analysts at TheStreet downgraded shares of NeuStar from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. NeuStar has an average rating of “Hold” and a consensus price target of $41.23.
NeuStar (NYSE:NSR) opened at 27.53 on Thursday. NeuStar has a one year low of $24.27 and a one year high of $57.29. The stock has a 50-day moving average of $27.78 and a 200-day moving average of $38.68. The company has a market cap of $1.658 billion and a price-to-earnings ratio of 10.48.
NeuStar (NYSE:NSR) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.10. On average, analysts predict that NeuStar will post $3.74 earnings per share for the current fiscal year.
NeuStar, Inc is a provider of real-time information and analysis. The Company operates in three segments: carrier services, enterprise services and information services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.