Sears Holdings Corp. Sees Large Decline in Short Interest (SHLD)
Shares of Sears Holdings Corp. (NASDAQ:SHLD) were the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 15,107,507 shares, a decline of 7.0% from the April 30th total of 16,237,257 shares, AR Network reports. Based on an average trading volume of 1,049,968 shares, the days-to-cover ratio is currently 14.4 days. Currently, 19.0% of the shares of the stock are short sold.
A number of research firms have recently commented on SHLD. Analysts at CIBC downgraded shares of Sears Holdings Corp. to a “sector performer” rating in a research note on Thursday, May 15th. Analysts at Zacks reiterated a “neutral” rating on shares of Sears Holdings Corp. in a research note on Friday, April 4th. They now have a $53.00 price target on the stock.
Shares of Sears Holdings Corp. (NASDAQ:SHLD) opened at 38.90 on Wednesday. Sears Holdings Corp. has a 52 week low of $31.26 and a 52 week high of $67.50. The stock has a 50-day moving average of $40.53 and a 200-day moving average of $43.64. The company’s market cap is $4.140 billion.
Sears Holdings Corp. (NASDAQ:SHLD) last announced its earnings results on Thursday, May 22nd. The company reported ($2.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.77) by $0.47. The company had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the previous year, the company posted ($1.29) earnings per share. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts predict that Sears Holdings Corp. will post $-7.99 earnings per share for the current fiscal year.
Sears Holdings Corporation (NASDAQ:SHLD) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears) and 500 full-line and specialty retail stores in Canada operating through Sears Canada Inc (Sears Canada), a 95%-owned subsidiary.