Short Interest in RadioShack Drops By 8.7% (RSH)
RadioShack (NYSE:RSH) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 25,750,769 shares, a drop of 8.7% from the June 30th total of 28,208,239 shares, American Banking and Market News reports. Based on an average trading volume of 1,633,718 shares, the days-to-cover ratio is presently 15.8 days. Currently, 26.4% of the company’s stock are sold short.
RSH has been the subject of a number of recent research reports. Analysts at Wed reiterated a “buy” rating on shares of RadioShack in a research note on Wednesday, June 11th. Analysts at B. Riley reiterated a “sell” rating on shares of RadioShack in a research note on Wednesday, June 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $1.25.
RadioShack (NYSE:RSH) opened at 0.55 on Tuesday. RadioShack has a 1-year low of $0.55 and a 1-year high of $4.36. The stock has a 50-day moving average of $0.85 and a 200-day moving average of $1.65. The company’s market cap is $55.3 million.
RadioShack (NYSE:RSH) last issued its quarterly earnings data on Tuesday, June 10th. The company reported ($0.97) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.51) by $0.46. The company had revenue of $736.70 million for the quarter, compared to the consensus estimate of $764.31 million. During the same quarter last year, the company posted ($0.35) earnings per share. RadioShack’s revenue was down 13.2% compared to the same quarter last year. On average, analysts predict that RadioShack will post $-3.34 earnings per share for the current fiscal year.
RadioShack Corporation (NYSE:RSH) is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain.
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