Shire PLC Short Interest Down 53.8% in May (SHPG)
Shares of Shire PLC (NASDAQ:SHPG) were the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 640,507 shares, a drop of 53.8% from the April 30th total of 1,387,615 shares, Stock Ratings News reports. Based on an average trading volume of 775,929 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are short sold.
A number of analysts have recently weighed in on SHPG shares. Analysts at Zacks reiterated an “outperform” rating on shares of Shire PLC in a research note on Thursday, May 29th. They now have a $207.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Shire PLC from $156.00 to $171.00 in a research note on Tuesday, May 27th. They now have a “market perform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Shire PLC in a research note on Friday, May 16th. They now have a $180.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $175.62.
Shire PLC (NASDAQ:SHPG) opened at 177.18 on Thursday. Shire PLC has a 1-year low of $91.81 and a 1-year high of $180.91. The stock’s 50-day moving average is $168.2 and its 200-day moving average is $153.0. The company has a market cap of $34.509 billion and a P/E ratio of 40.56.
Shire PLC (NASDAQ:SHPG) last released its earnings data on Thursday, May 1st. The company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts expect that Shire PLC will post $9.83 EPS for the current fiscal year.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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