Morgan Stanley Sees Large Increase in Short Interest (MS)
Shares of Morgan Stanley (NYSE:MS) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 18,208,622 shares, an increase of 19.7% from the April 30th total of 15,214,066 shares, Stock Ratings News reports. Based on an average daily volume of 12,173,474 shares, the short-interest ratio is presently 1.5 days. Currently, 0.9% of the company’s stock are short sold.
MS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Morgan Stanley in a research note on Friday. They now have a $33.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Morgan Stanley in a research note on Thursday, April 24th. They now have a $33.00 price target on the stock. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.20.
Morgan Stanley (NYSE:MS) opened at 31.95 on Monday. Morgan Stanley has a 52 week low of $23.83 and a 52 week high of $33.52. The stock has a 50-day moving average of $30. and a 200-day moving average of $30.73. The company has a market cap of $62.983 billion and a price-to-earnings ratio of 19.52.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.08. The company had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.52 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $2.46 earnings per share for the current fiscal year.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
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