Short Interest in Yahoo! Increases By 16.1% (YHOO)
Shares of Yahoo! (NASDAQ:YHOO) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 24,477,024 shares, an increase of 16.1% from the April 30th total of 21,082,452 shares, American Banking and Market News reports. Based on an average daily trading volume, of 23,814,780 shares, the days-to-cover ratio is presently 1.0 days. Approximately 2.6% of the shares of the stock are short sold.
A number of analysts have recently weighed in on YHOO shares. Analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! in a research note on Tuesday, May 27th. They now have a $37.00 price target on the stock. Separately, analysts at ING Group reiterated an “outperform” rating on shares of Yahoo! in a research note on Friday, May 23rd. They now have a $45.00 price target on the stock, down previously from $47.00. Finally, analysts at Nomura cut their price target on shares of Yahoo! from $43.00 to $40.00 in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $39.63.
Shares of Yahoo! (NASDAQ:YHOO) opened at 34.65 on Monday. Yahoo! has a 1-year low of $23.82 and a 1-year high of $41.72. The stock has a 50-day moving average of $34.86 and a 200-day moving average of $37.11. The company has a market cap of $34.886 billion and a price-to-earnings ratio of 29.11.
Yahoo! (NASDAQ:YHOO) last released its earnings data on Tuesday, April 15th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.38 earnings per share. Yahoo!’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that Yahoo! will post $1.64 EPS for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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