Och-Ziff Capital Management Group Short Interest Up 55.0% in May (OZM)
Shares of Och-Ziff Capital Management Group (NYSE:OZM) were the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 2,229,787 shares, an increase of 55.0% from the April 30th total of 1,438,363 shares, Stock Ratings News reports. Based on an average daily trading volume, of 1,544,846 shares, the short-interest ratio is currently 1.4 days. Currently, 1.9% of the shares of the stock are sold short.
A number of analysts have recently weighed in on OZM shares. Analysts at Keefe, Bruyette & Woods upgraded shares of Och-Ziff Capital Management Group from a “market perform” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $14.00 price target on the stock, down previously from $16.00. Separately, analysts at Zacks downgraded shares of Och-Ziff Capital Management Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 10th. They now have a $15.10 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Och-Ziff Capital Management Group to $16.00 in a research note on Tuesday, April 8th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Och-Ziff Capital Management Group presently has a consensus rating of “Buy” and an average target price of $16.02.
Shares of Och-Ziff Capital Management Group (NYSE:OZM) opened at 13.39 on Thursday. Och-Ziff Capital Management Group has a 1-year low of $9.74 and a 1-year high of $16.00. The stock’s 50-day moving average is $12.69 and its 200-day moving average is $13.76. The company has a market cap of $2.286 billion and a price-to-earnings ratio of 8.37.
Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.09. The company had revenue of $285.48 million for the quarter, compared to the consensus estimate of $165.97 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that Och-Ziff Capital Management Group will post $1.25 earnings per share for the current fiscal year.
Och-Ziff Capital Management Group LLC (NYSE:OZM) is an institutional alternative asset managers.
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