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Shares of JDS Uniphase Corp (NASDAQ:JDSU) were the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 5,879,276 shares, a decline of 17.0% from the April 30th total of 7,087,084 shares, AnalystRatings.Net reports. Currently, 2.6% of the company’s shares are short sold. Based on an average daily volume of 6,352,402 shares, the days-to-cover ratio is currently 0.9 days.

In other JDS Uniphase Corp news, Insider Thomas H. Waechter sold 9,409 shares of JDS Uniphase Corp stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $10.79, for a total value of $101,523.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on JDSU shares. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of JDS Uniphase Corp in a research note on Thursday, May 1st. They now have a $16.00 price target on the stock. Separately, analysts at MKM Partners cut their price target on shares of JDS Uniphase Corp from $18.00 to $15.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners cut their price target on shares of JDS Uniphase Corp to $14.00 in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. JDS Uniphase Corp has a consensus rating of “Buy” and an average price target of $14.95.

JDS Uniphase Corp (NASDAQ:JDSU) opened at 10.75 on Wednesday. JDS Uniphase Corp has a 52-week low of $10.29 and a 52-week high of $16.61. The stock’s 50-day moving average is $11.63 and its 200-day moving average is $12.67. The company has a market cap of $2.523 billion and a P/E ratio of 25.78.

JDS Uniphase Corp (NASDAQ:JDSU) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. The company had revenue of $418.00 million for the quarter, compared to the consensus estimate of $431.73 million. Analysts expect that JDS Uniphase Corp will post $0.55 EPS for the current fiscal year.

JDS Uniphase Corporation is a provider of communications test and measurement solutions and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers (NASDAQ:JDSU), and enterprises.

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