AOL Short Interest Up 53.2% in May (AOL)
Shares of AOL (NYSE:AOL) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 8,089,844 shares, a growth of 53.2% from the April 30th total of 5,281,020 shares, AR Network reports. Based on an average daily volume of 2,964,817 shares, the short-interest ratio is currently 2.7 days. Approximately 10.4% of the company’s stock are short sold.
Several analysts have recently commented on the stock. Analysts at Nomura cut their price target on shares of AOL from $46.00 to $43.00 in a research note on Wednesday, May 14th. Separately, analysts at Macquarie cut their price target on shares of AOL from $47.00 to $40.00 in a research note on Friday, May 9th. Finally, analysts at Cowen and Company cut their price target on shares of AOL from $52.00 to $49.00 in a research note on Friday, May 9th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. AOL has a consensus rating of “Buy” and an average price target of $48.76.
Shares of AOL (NYSE:AOL) opened at 36.21 on Monday. AOL has a 1-year low of $32.19 and a 1-year high of $53.28. The stock has a 50-day moving average of $38.79 and a 200-day moving average of $43.29. The company has a market cap of $2.895 billion and a P/E ratio of 39.13.
AOL (NYSE:AOL) last released its earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.34. The company had revenue of $583.30 million for the quarter, compared to the consensus estimate of $577.70 million. During the same quarter last year, the company posted $0.32 earnings per share. AOL’s revenue was up 8.3% compared to the same quarter last year. On average, analysts predict that AOL will post $2.08 earnings per share for the current fiscal year.
AOL Inc (NYSE:AOL) is a global Web services company with a range of brands and offerings, and a global audience.
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