Whole Foods Market Sees Large Growth in Short Interest (WFM)
Whole Foods Market (NASDAQ:WFM) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 24,695,523 shares, an increase of 17.0% from the April 30th total of 21,102,483 shares, Stock Ratings Network.com reports. Based on an average trading volume of 12,355,205 shares, the days-to-cover ratio is currently 2.0 days. Currently, 6.7% of the company’s shares are short sold.
Several analysts have recently commented on the stock. Analysts at Sterne Agee downgraded shares of Whole Foods Market to a “neutral” rating in a research note on Wednesday, May 7th. Separately, analysts at Jefferies Group downgraded shares of Whole Foods Market to a “hold” rating in a research note on Wednesday, May 7th. Finally, analysts at Deutsche Bank downgraded shares of Whole Foods Market to a “hold” rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $60.09.
Whole Foods Market (NASDAQ:WFM) opened at 38.24 on Monday. Whole Foods Market has a 52-week low of $37.06 and a 52-week high of $65.59. The stock’s 50-day moving average is $44.02 and its 200-day moving average is $51.80. The company has a market cap of $14.056 billion and a price-to-earnings ratio of 25.40.
Whole Foods Market, Inc (NASDAQ:WFM), is a retailer of natural and organic foods.
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