Quiksilver Sees Significant Increase in Short Interest (ZQK)
Shares of Quiksilver (NYSE:ZQK) were the target of a significant increase in short interest in June. As of June 13th, there was short interest totalling 24,124,072 shares, an increase of 25.5% from the May 30th total of 19,226,584 shares, Analyst Ratings Net reports. Based on an average daily volume of 12,439,549 shares, the days-to-cover ratio is currently 1.9 days. Currently, 20.4% of the company’s shares are short sold.
ZQK has been the subject of a number of recent research reports. Analysts at Roth Capital cut their price target on shares of Quiksilver to $4.00 in a research note on Monday, June 9th. Separately, analysts at DA Davidson cut their price target on shares of Quiksilver from $10.00 to $5.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Quiksilver from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.50.
Quiksilver (NYSE:ZQK) opened at 3.65 on Monday. Quiksilver has a 52-week low of $3.13 and a 52-week high of $9.29. The stock has a 50-day moving average of $4.50 and a 200-day moving average of $6.72. The company’s market cap is $623.1 million.
Quiksilver (NYSE:ZQK) last announced its earnings results on Monday, June 2nd. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.13. The company had revenue of $408.00 million for the quarter, compared to the consensus estimate of $448.60 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. Analysts expect that Quiksilver will post $-0.17 EPS for the current fiscal year.
Quiksilver, Inc is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.
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