Short Interest in eBay Rises By 16.6% (EBAY)
eBay (NASDAQ:EBAY) was the recipient of a significant growth in short interest during the month of May. As of May 30th, there was short interest totalling 19,277,798 shares, a growth of 16.6% from the May 15th total of 16,539,980 shares, Analyst Ratings Net reports. Based on an average daily trading volume, of 13,166,502 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.7% of the company’s stock are sold short.
EBAY has been the subject of a number of recent research reports. Analysts at Erste Group downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Separately, analysts at SunTrust downgraded shares of eBay from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $58.00 price target on the stock, down previously from $62.00. Finally, analysts at TheStreet downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Fourteen equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. eBay has an average rating of “Buy” and a consensus target price of $61.48.
eBay (NASDAQ:EBAY) opened at 48.56 on Friday. eBay has a 1-year low of $48.06 and a 1-year high of $59.70. The stock’s 50-day moving average is $51.25 and its 200-day moving average is $53.59. The company’s market cap is $61.542 billion.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.03. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter last year, the company posted $0.63 earnings per share. eBay’s revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that eBay will post $2.99 earnings per share for the current fiscal year.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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