Hertz Global Holdings Sees Large Decrease in Short Interest (HTZ)
Hertz Global Holdings (NYSE:HTZ) saw a significant decrease in short interest in May. As of May 30th, there was short interest totalling 7,520,442 shares, a decrease of 29.7% from the May 15th total of 10,690,282 shares, ARN reports. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 4,225,070 shares, the short-interest ratio is currently 1.8 days.
A number of research firms have recently commented on HTZ. Analysts at Zacks upgraded shares of Hertz Global Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $31.00 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of Hertz Global Holdings in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Hertz Global Holdings presently has an average rating of “Buy” and an average target price of $30.00.
Hertz Global Holdings (NYSE:HTZ) opened at 28.65 on Tuesday. Hertz Global Holdings has a one year low of $19.73 and a one year high of $30.52. The stock’s 50-day moving average is $28.46 and its 200-day moving average is $27.22. The company has a market cap of $12.826 billion and a P/E ratio of 37.68.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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