Short Interest in Yahoo! Grows By 17.8% (YHOO)
Shares of Yahoo! (NASDAQ:YHOO) were the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 27,580,196 shares, a growth of 17.8% from the June 13th total of 23,407,413 shares, American Banking & Market News reports. Based on an average daily volume of 21,301,619 shares, the days-to-cover ratio is currently 1.3 days. Currently, 3.0% of the company’s shares are sold short.
In other Yahoo! news, CEO Marissa A. Mayer sold 36,000 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $34.86, for a total value of $1,254,960.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
YHOO has been the subject of a number of recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Yahoo! in a research note on Monday. They set a “market perform” rating on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Yahoo! in a research note on Wednesday, July 9th. Finally, analysts at Needham & Company LLC reiterated a “hold” rating on shares of Yahoo! in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Yahoo! currently has an average rating of “Buy” and an average target price of $40.55.
Yahoo! (NASDAQ:YHOO) opened at 35.70 on Tuesday. Yahoo! has a 52 week low of $26.73 and a 52 week high of $41.72. The stock’s 50-day moving average is $35.05 and its 200-day moving average is $36.51. The company has a market cap of $35.943 billion and a P/E ratio of 29.55.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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