Shire PLC Short Interest Up 32.2% in May (SHPG)
Shares of Shire PLC (NASDAQ:SHPG) were the recipient of a significant growth in short interest in May. As of May 30th, there was short interest totalling 846,655 shares, a growth of 32.2% from the May 15th total of 640,507 shares, AmericanBankingNews.com reports. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 362,304 shares, the short-interest ratio is currently 2.3 days.
A number of analysts have recently weighed in on SHPG shares. Analysts at Zacks reiterated an “outperform” rating on shares of Shire PLC in a research note on Thursday, May 29th. They now have a $207.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Shire PLC from $156.00 to $171.00 in a research note on Tuesday, May 27th. They now have a “market perform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Shire PLC in a research note on Friday, May 16th. They now have a $180.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $175.62.
Shares of Shire PLC (NASDAQ:SHPG) opened at 186.86 on Wednesday. Shire PLC has a 52-week low of $91.81 and a 52-week high of $191.91. The stock has a 50-day moving average of $173.9 and a 200-day moving average of $156.0. The company has a market cap of $36.394 billion and a P/E ratio of 44.15.
Shire PLC (NASDAQ:SHPG) last announced its earnings results on Thursday, May 1st. The company reported $2.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.22 by $0.14. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. On average, analysts predict that Shire PLC will post $9.83 earnings per share for the current fiscal year.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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