CA Sees Significant Growth in Short Interest (CA)
CA (NASDAQ:CA) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 6,348,198 shares, a growth of 34.1% from the July 15th total of 4,734,460 shares, American Banking & Market News reports. Based on an average daily volume of 2,712,406 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.0% of the shares of the stock are sold short.
Separately, analysts at Jefferies Group cut their price target on shares of CA from $29.00 to $28.00 in a research note on Friday, May 16th.
Shares of CA (NASDAQ:CA) opened at 28.50 on Tuesday. CA has a 1-year low of $27.84 and a 1-year high of $36.22. The stock has a 50-day moving average of $28.70 and a 200-day moving average of $30.30. The company has a market cap of $12.684 billion and a P/E ratio of 16.05.
CA, Inc (NASDAQ:CA) is an independent enterprise information technology (IT) management software and solutions company.
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