NASDAQ OMX Group Sees Large Decline in Short Interest (NDAQ)
NASDAQ OMX Group (NASDAQ:NDAQ) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 5,319,294 shares, a drop of 24.0% from the July 15th total of 6,998,171 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 1,488,655 shares, the short-interest ratio is currently 3.6 days. Approximately 3.6% of the shares of the stock are sold short.
NDAQ has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of NASDAQ OMX Group in a research note on Friday, July 25th. They now have a $44.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of NASDAQ OMX Group in a research note on Friday, July 25th. They now have a $45.00 price target on the stock, up previously from $42.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of NASDAQ OMX Group in a research note on Friday, July 25th. They now have a $50.00 price target on the stock, up previously from $45.00. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $41.54.
NASDAQ OMX Group (NASDAQ:NDAQ) opened at 41.58 on Wednesday. NASDAQ OMX Group has a 52-week low of $29.51 and a 52-week high of $43.26. The stock has a 50-day moving average of $40.57 and a 200-day moving average of $38.19. The company has a market cap of $7.016 billion and a price-to-earnings ratio of 15.81.
NASDAQ OMX Group (NASDAQ:NDAQ) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Analysts expect that NASDAQ OMX Group will post $2.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, September 10th.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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