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The Procter & Gamble Company (NYSE:PG) saw a significant drop in short interest in May. As of May 30th, there was short interest totalling 15,531,412 shares, a drop of 12.7% from the May 15th total of 17,794,800 shares, Analyst Ratings Network reports. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 6,358,878 shares, the days-to-cover ratio is presently 2.4 days.

In other The Procter & Gamble Company news, Insider Ciserani Giovanni unloaded 10,560 shares of the company’s stock on the open market in a transaction dated Thursday, June 12th. The stock was sold at an average price of $79.79, for a total transaction of $842,582.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PG has been the subject of a number of recent research reports. Analysts at Erste Group downgraded shares of The Procter & Gamble Company to a “hold” rating in a research note on Tuesday, June 3rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Procter & Gamble Company in a research note on Monday, May 26th. They now have a $85.00 price target on the stock. Finally, analysts at B. Riley reiterated a “neutral” rating on shares of The Procter & Gamble Company in a research note on Wednesday, April 30th. They now have a $88.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The Procter & Gamble Company has a consensus rating of “Hold” and an average target price of $88.08.

Shares of The Procter & Gamble Company (NYSE:PG) opened at 79.01 on Wednesday. The Procter & Gamble Company has a 52 week low of $73.61 and a 52 week high of $85.82. The stock’s 50-day moving average is $80.43 and its 200-day moving average is $80.08. The company has a market cap of $213.8 billion and a price-to-earnings ratio of 21.20.

The Procter & Gamble Company (NYSE:PG) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.02. The company had revenue of $20.56 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that The Procter & Gamble Company will post $4.20 earnings per share for the current fiscal year.

The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.

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