Crocs Sees Significant Growth in Short Interest (CROX)
Crocs (NASDAQ:CROX) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 6,276,733 shares, an increase of 31.0% from the July 15th total of 4,792,415 shares, AR Network reports. Based on an average trading volume of 1,789,730 shares, the days-to-cover ratio is currently 3.5 days. Approximately 7.5% of the company’s shares are sold short.
In other Crocs news, President Andrew Rees acquired 5,000 shares of Crocs stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of $16.42 per share, with a total value of $82,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Crocs from $15.00 to $16.00 in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Analysts at CL King upgraded shares of Crocs from a “neutral” rating to a “strong-buy” rating in a research note on Thursday, May 15th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $16.71.
Crocs (NASDAQ:CROX) opened at 15.97 on Tuesday. Crocs has a one year low of $11.96 and a one year high of $16.88. The stock has a 50-day moving average of $15.38 and a 200-day moving average of $15.13. The company’s market cap is $1.362 billion.
Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.05. Analysts expect that Crocs will post $0.53 EPS for the current fiscal year.
Crocs, Inc is a designer, manufacturer and distributor of footwear and accessories for men, women and children.
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