Popular Short Interest Up 44.4% in July (BPOP)
Shares of Popular (NASDAQ:BPOP) were the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 2,559,055 shares, an increase of 44.4% from the June 30th total of 1,772,591 shares, AnalystRatings.NET reports. Based on an average trading volume of 1,364,574 shares, the short-interest ratio is currently 1.9 days. Approximately 2.5% of the company’s stock are sold short.
BPOP has been the subject of a number of recent research reports. Analysts at Guggenheim upgraded shares of Popular from a “neutral” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $39.00 price target on the stock, up previously from $37.00. Separately, analysts at Zacks downgraded shares of Popular from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 24th. They now have a $38.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Popular from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $36.30 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $37.00.
Popular (NASDAQ:BPOP) opened at 33.01 on Wednesday. Popular has a one year low of $23.97 and a one year high of $34.95. The stock has a 50-day moving average of $33.4 and a 200-day moving average of $30.37. The company’s market cap is $3.416 billion.
Popular (NASDAQ:BPOP) last announced its earnings results on Thursday, July 24th. The company reported ($3.21) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $3.91. During the same quarter in the prior year, the company posted $3.18 earnings per share. On average, analysts predict that Popular will post $3.03 earnings per share for the current fiscal year.
Popular, Inc (NASDAQ:BPOP) is a diversified, publicly owned bank holding company.
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