T-Mobile US Short Interest Down 36.5% in April (TMUS)
Shares of T-Mobile US (NYSE:TMUS) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 7,005,752 shares, a decline of 36.5% from the April 15th total of 11,032,628 shares, Analyst Ratings Network reports. Currently, 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 4,231,862 shares, the days-to-cover ratio is currently 1.7 days.
Several analysts have recently commented on the stock. Analysts at Bernstein initiated coverage on shares of T-Mobile US in a research note on Thursday. They set a “market perform” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of T-Mobile US from $38.00 to $42.00 in a research note on Wednesday, February 26th. Finally, analysts at Nomura raised their price target on shares of T-Mobile US from $25.00 to $27.50 in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.54.
T-Mobile US (NYSE:TMUS) opened at 33.45 on Friday. T-Mobile US has a one year low of $20.22 and a one year high of $34.10. The stock has a 50-day moving average of $31.32 and a 200-day moving average of $30.47. The company’s market cap is $26.858 billion.
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