Sunedison Short Interest Up 5.3% in May (SUNE)
Sunedison (NYSE:SUNE) saw a large increase in short interest in May. As of May 30th, there was short interest totalling 67,830,286 shares, an increase of 5.3% from the May 15th total of 64,438,340 shares, AnalystRatings.NET reports. Based on an average trading volume of 10,213,877 shares, the days-to-cover ratio is currently 6.6 days. Currently, 25.5% of the company’s stock are short sold.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Sunedison in a research note on Wednesday, May 28th. They set a “hold” rating on the stock. Analysts at Needham & Company LLC cut their price target on shares of Sunedison from $23.00 to $22.00 in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $20.17.
Sunedison (NYSE:SUNE) opened at 22.38 on Monday. Sunedison has a 52-week low of $6.24 and a 52-week high of $22.68. The stock’s 50-day moving average is $19. and its 200-day moving average is $17.1. The company’s market cap is $5.994 billion.
SunEdison Inc, formerly MEMC Electronic Materials, Inc is engaged in the development, manufacture and sale of silicon wafers.
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