Short Interest in Activision Blizzard Expands By 14.6% (ATVI)
Shares of Activision Blizzard (NASDAQ:ATVI) were the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 17,889,264 shares, a growth of 14.6% from the April 30th total of 15,606,129 shares, Stock Ratings Network reports. Approximately 4.0% of the shares of the company are short sold. Based on an average trading volume of 7,287,826 shares, the days-to-cover ratio is presently 2.5 days.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Activision Blizzard from $24.00 to $26.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, analysts at Wedbush reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $30.00 price target on the stock, up previously from $22.00. Eleven analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $24.14.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at 20.78 on Monday. Activision Blizzard has a 1-year low of $13.27 and a 1-year high of $21.50. The stock has a 50-day moving average of $20.06 and a 200-day moving average of $18.90. The company has a market cap of $14.858 billion and a P/E ratio of 23.58.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Tuesday, May 6th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.09. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $688.23 million. During the same quarter last year, the company posted $0.17 earnings per share. Activision Blizzard’s revenue was down 4.0% compared to the same quarter last year. Analysts expect that Activision Blizzard will post $1.31 EPS for the current fiscal year.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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