Short Interest in Diageo plc Declines By 46.0% (DEO)
Diageo plc (NYSE:DEO) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 615,997 shares, a decline of 46.0% from the April 15th total of 1,141,195 shares, American Banking News.com reports. Based on an average daily volume of 541,857 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the shares of the company are sold short.
DEO has been the subject of a number of recent research reports. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Diageo plc in a research note on Monday, May 12th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Diageo plc in a research note on Thursday, May 8th. They now have a $130.00 price target on the stock. Finally, analysts at Credit Suisse downgraded shares of Diageo plc from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $130.00.
Diageo plc (NYSE:DEO) opened at 128.04 on Tuesday. Diageo plc has a 1-year low of $111.87 and a 1-year high of $134.08. The stock has a 50-day moving average of $125.2 and a 200-day moving average of $125.7. The company has a market cap of $80.249 billion and a price-to-earnings ratio of 18.86.
Diageo plc (NYSE:DEO) is engaged in drinks business.
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