The Home Depot Short Interest Up 165.3% in June (HD)
Shares of The Home Depot (NYSE:HD) were the target of a large increase in short interest in June. As of June 13th, there was short interest totalling 30,644,247 shares, an increase of 165.3% from the May 30th total of 11,551,569 shares, American Banking and Market News reports. Based on an average daily volume of 5,588,646 shares, the days-to-cover ratio is presently 5.5 days. Approximately 2.2% of the company’s stock are sold short.
HD has been the subject of a number of recent research reports. Analysts at Morgan Stanley initiated coverage on shares of The Home Depot in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $90.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Home Depot in a research note on Thursday, June 12th. They now have a $84.00 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of The Home Depot to $93.00 in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $88.34.
The Home Depot (NYSE:HD) opened at 82.05 on Friday. The Home Depot has a 52 week low of $72.21 and a 52 week high of $83.20. The stock’s 50-day moving average is $79.85 and its 200-day moving average is $79.37. The company has a market cap of $112.2 billion and a price-to-earnings ratio of 20.84.
The Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.01. The company had revenue of $19.70 billion for the quarter, compared to the consensus estimate of $19.96 billion. During the same quarter last year, the company posted $0.83 earnings per share. The Home Depot’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that The Home Depot will post $4.41 EPS for the current fiscal year.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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