Share on StockTwits

Whole Foods Market (NASDAQ:WFM) was the target of a large increase in short interest during the month of May. As of May 30th, there was short interest totalling 28,126,073 shares, an increase of 13.9% from the May 15th total of 24,695,523 shares, Stock Ratings News reports. Based on an average daily trading volume, of 6,433,654 shares, the days-to-cover ratio is currently 4.4 days. Currently, 7.7% of the shares of the company are short sold.

A number of analysts have recently weighed in on WFM shares. Analysts at Imperial Capital initiated coverage on shares of Whole Foods Market in a research note on Thursday, June 5th. They set an “outperform” rating on the stock. Separately, analysts at Sterne Agee downgraded shares of Whole Foods Market to a “neutral” rating in a research note on Wednesday, May 7th. Finally, analysts at Jefferies Group downgraded shares of Whole Foods Market to a “hold” rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $60.09.

Whole Foods Market (NASDAQ:WFM) opened at 42.69 on Friday. Whole Foods Market has a 52-week low of $37.02 and a 52-week high of $65.59. The stock’s 50-day moving average is $41.98 and its 200-day moving average is $50.63. The company has a market cap of $15.692 billion and a price-to-earnings ratio of 28.07.

Whole Foods Market, Inc (NASDAQ:WFM), is a retailer of natural and organic foods.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.