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Shares of Exelis (NYSE:XLS) were the target of a large growth in short interest during the month of May. As of May 30th, there was short interest totalling 1,061,330 shares, a growth of 61.6% from the May 15th total of 656,914 shares, AnalystRatingsNetwork.com reports. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,524,869 shares, the short-interest ratio is presently 0.7 days.

Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Exelis from $21.00 to $20.00 in a research note on Monday, May 5th. They now have a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $19.17.

Shares of Exelis (NYSE:XLS) opened at 16.96 on Wednesday. Exelis has a 52 week low of $13.40 and a 52 week high of $21.44. The stock’s 50-day moving average is $17.17 and its 200-day moving average is $18.72. The company has a market cap of $3.215 billion and a price-to-earnings ratio of 11.41.

Exelis (NYSE:XLS) last announced its earnings results on Friday, May 2nd. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 11.8% on a year-over-year basis. Analysts expect that Exelis will post $1.47 EPS for the current fiscal year.

Exelis Inc (NYSE:XLS) is engaged in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) related products and systems and information and technical services, which the Company supplies to military, government and commercial customers in the United States and globally.

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