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Shares of Seagate Technology PLC (NASDAQ:STX) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 18,878,523 shares, a growth of 15.9% from the April 30th total of 16,282,773 shares, StockRatingsNetwork.com reports. Currently, 6.0% of the company’s stock are sold short. Based on an average trading volume of 3,388,618 shares, the short-interest ratio is presently 5.6 days.

A number of research firms have recently commented on STX. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Seagate Technology PLC in a research note on Wednesday, April 30th. They now have a $57.00 price target on the stock, down previously from $58.00. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Seagate Technology PLC in a research note on Wednesday, April 30th. They now have a $66.00 price target on the stock, down previously from $68.00. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Seagate Technology PLC in a research note on Wednesday, April 30th. They now have a $60.00 price target on the stock, down previously from $63.00.

Seagate Technology PLC (NASDAQ:STX) opened at 53.73 on Monday. Seagate Technology PLC has a one year low of $37.17 and a one year high of $62.76. The stock has a 50-day moving average of $52.42 and a 200-day moving average of $52.75. The company has a market cap of $17.546 billion and a P/E ratio of 11.82.

Seagate Technology plc (NASDAQ:STX) is the provider of electronic data storage products.

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