General Electric Short Interest Down 10.3% in April (GE)
Shares of General Electric (NYSE:GE) were the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 62,785,609 shares, a drop of 10.3% from the April 15th total of 69,973,624 shares, Stock Ratings Network.com reports. Based on an average daily volume of 33,639,171 shares, the short-interest ratio is currently 1.9 days. Currently, 0.6% of the shares of the company are short sold.
GE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of General Electric in a research note on Monday, April 21st. They now have a $28.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of General Electric in a research note on Wednesday, March 5th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of General Electric in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. General Electric has an average rating of “Hold” and a consensus price target of $28.31.
General Electric (NYSE:GE) opened at 26.51 on Friday. General Electric has a 1-year low of $22.76 and a 1-year high of $28.09. The stock has a 50-day moving average of $26.37 and a 200-day moving average of $26.29. The company has a market cap of $265.8 billion and a price-to-earnings ratio of 21.78.
General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.01. The company had revenue of $34.18 billion for the quarter, compared to the consensus estimate of $34.45 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that General Electric will post $1.70 EPS for the current fiscal year.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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