Knowles Corp Short Interest Up 57.7% in May (KN)
Shares of Knowles Corp (NYSE:KN) were the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 4,151,426 shares, an increase of 57.7% from the April 30th total of 2,632,582 shares, ARN reports. Currently, 4.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 896,422 shares, the days-to-cover ratio is currently 4.6 days.
Separately, analysts at Lake Street Capital initiated coverage on shares of Knowles Corp in a research note on Wednesday, May 28th. They set a “buy” rating and a $34.00 price target on the stock.
Knowles Corp (NYSE:KN) opened at 30.68 on Thursday. Knowles Corp has a 1-year low of $27.55 and a 1-year high of $33.66. The stock has a 50-day moving average of $29.52 and a 200-day moving average of $30.17. The company has a market cap of $2.609 billion and a P/E ratio of 25.41.
Knowles Corp (NYSE:KN) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $273.00 million for the quarter, compared to the consensus estimate of $263.00 million. Analysts expect that Knowles Corp will post $1.74 EPS for the current fiscal year.
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