Yahoo! Short Interest Down 6.6% in May (YHOO)
Yahoo! (NASDAQ:YHOO) was the target of a large drop in short interest in May. As of May 30th, there was short interest totalling 22,852,851 shares, a drop of 6.6% from the May 15th total of 24,477,024 shares, American Banking & Market News reports. Based on an average daily volume of 15,290,756 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.5% of the shares of the stock are short sold.
In other Yahoo! news, CEO Marissa A. Mayer sold 36,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $36.04, for a total transaction of $1,297,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Yahoo! in a research note on Thursday, June 5th. They now have a $42.00 price target on the stock, down previously from $43.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! in a research note on Tuesday, May 27th. They now have a $37.00 price target on the stock. Finally, analysts at ING Group reiterated an “outperform” rating on shares of Yahoo! in a research note on Friday, May 23rd. They now have a $45.00 price target on the stock, down previously from $47.00. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.71.
Shares of Yahoo! (NASDAQ:YHOO) opened at 34.81 on Tuesday. Yahoo! has a 52-week low of $23.82 and a 52-week high of $41.72. The stock has a 50-day moving average of $35.09 and a 200-day moving average of $37.14. The company has a market cap of $35.047 billion and a price-to-earnings ratio of 30.81.
Yahoo! (NASDAQ:YHOO) last released its earnings data on Tuesday, April 15th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Yahoo! will post $1.63 EPS for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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