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Shares of Zions Bancorporation (NASDAQ:ZION) were the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 14,084,731 shares, a decrease of 10.7% from the April 30th total of 15,776,960 shares, Analyst Ratings.Net reports. Based on an average daily trading volume, of 2,527,610 shares, the days-to-cover ratio is presently 5.6 days. Approximately 7.8% of the company’s stock are short sold.

In other Zions Bancorporation news, VP Thomas E. Laursen unloaded 1,000 shares of Zions Bancorporation stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $28.54, for a total value of $28,540.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

ZION has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of Zions Bancorporation in a research note on Friday. They set a “neutral” rating on the stock. Separately, analysts at Evercore Partners downgraded shares of Zions Bancorporation from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 16th. They now have a $28.00 price target on the stock, down previously from $33.00. Finally, analysts at Evercore Partners downgraded shares of Zions Bancorporation from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 8th. They now have a $28.00 price target on the stock, down previously from $33.00. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.50.

Shares of Zions Bancorporation (NASDAQ:ZION) opened at 28.84 on Tuesday. Zions Bancorporation has a one year low of $26.39 and a one year high of $33.33. The stock’s 50-day moving average is $28.90 and its 200-day moving average is $29.75. The company has a market cap of $5.332 billion and a price-to-earnings ratio of 18.92.

Zions Bancorporation (NASDAQ:ZION) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.01. During the same quarter last year, the company posted $0.48 earnings per share. Analysts expect that Zions Bancorporation will post $1.78 EPS for the current fiscal year.

Zions Bancorporation is a financial holding company. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management, and investment activities.

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