United Parcel Service Short Interest Up 26.8% in April (UPS)
Shares of United Parcel Service (NYSE:UPS) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 11,079,239 shares, an increase of 26.8% from the April 15th total of 8,739,502 shares, StockRatingsNetwork.com reports. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 2,986,220 shares, the short-interest ratio is presently 3.7 days.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of United Parcel Service in a research note on Wednesday, February 26th. They now have a $100.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. United Parcel Service currently has a consensus rating of “Buy” and an average target price of $104.75.
United Parcel Service (NYSE:UPS) opened at 101.74 on Thursday. United Parcel Service has a 52 week low of $84.20 and a 52 week high of $105.37. The stock has a 50-day moving average of $98.75 and a 200-day moving average of $99.. The company has a market cap of $93.133 billion and a P/E ratio of 22.28.
United Parcel Service (NYSE:UPS) last released its earnings data on Thursday, April 24th. The company reported $0.98 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.08 by $0.10. The company had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.91 billion. During the same quarter last year, the company posted $1.04 earnings per share. United Parcel Service’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that United Parcel Service will post $5.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 4th. Investors of record on Monday, May 19th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, May 15th.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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