Sirius XM Holdings Short Interest Up 56.2% in May (SIRI)
Shares of Sirius XM Holdings (NASDAQ:SIRI) were the recipient of a large increase in short interest in the month of May. As of May 30th, there was short interest totalling 307,852,920 shares, an increase of 56.2% from the May 15th total of 197,055,955 shares, AnalystRatings.Net reports. Approximately 11.1% of the company’s shares are sold short. Based on an average daily trading volume, of 61,218,649 shares, the short-interest ratio is presently 5.0 days.
A number of analysts have recently weighed in on SIRI shares. Analysts at TheStreet upgraded shares of Sirius XM Holdings from a “hold” rating to a “buy” rating in a research note on Monday, May 26th. Separately, analysts at Maxim Group cut their price target on shares of Sirius XM Holdings from $5.80 to $4.45 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of Sirius XM Holdings in a research note on Tuesday, May 13th. They now have a $3.50 price target on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Sirius XM Holdings has an average rating of “Buy” and an average price target of $4.17.
Sirius XM Holdings (NASDAQ:SIRI) opened at 3.34 on Friday. Sirius XM Holdings has a 52-week low of $2.98 and a 52-week high of $4.18. The stock has a 50-day moving average of $3.23 and a 200-day moving average of $3.42. The company has a market cap of $20.153 billion and a price-to-earnings ratio of 59.82.
Sirius XM Holdings (NASDAQ:SIRI) last released its earnings data on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $994.93 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts expect that Sirius XM Holdings will post $0.09 EPS for the current fiscal year.
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems.
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