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Shares of United Continental Holdings (NYSE:UAL) saw a significant drop in short interest during the month of May. As of May 30th, there was short interest totalling 9,384,454 shares, a drop of 20.9% from the May 15th total of 11,856,716 shares, Analyst RN reports. Approximately 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 4,973,069 shares, the days-to-cover ratio is currently 1.9 days.

A number of analysts have recently weighed in on UAL shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of United Continental Holdings in a research note on Thursday, May 1st. They now have a $43.50 price target on the stock. Separately, analysts at Zacks downgraded shares of United Continental Holdings from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 1st. They now have a $43.00 price target on the stock. Finally, analysts at Cowen and Company cut their price target on shares of United Continental Holdings from $56.00 to $50.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. United Continental Holdings presently has an average rating of “Hold” and an average target price of $48.27.

United Continental Holdings (NYSE:UAL) opened at 41.79 on Wednesday. United Continental Holdings has a 52 week low of $27.32 and a 52 week high of $49.20. The stock’s 50-day moving average is $43.33 and its 200-day moving average is $43.33. The company has a market cap of $15.609 billion and a P/E ratio of 42.77.

United Continental Holdings (NYSE:UAL) last released its earnings data on Thursday, April 24th. The company reported ($1.33) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.35) by $0.02. The company had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the prior year, the company posted ($0.98) earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts predict that United Continental Holdings will post $3.91 earnings per share for the current fiscal year.

United Continental Holdings, Inc (NYSE:UAL) is a holding company and its principal, wholly owned subsidiaries are United Air Lines, Inc (United) and Continental Airlines, Inc (Continental).

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