Short Interest in Accuray Decreases By 11.3% (ARAY)
Shares of Accuray (NASDAQ:ARAY) saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 15,059,394 shares, a decrease of 11.3% from the July 15th total of 16,980,606 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 702,961 shares, the short-interest ratio is currently 21.4 days. Approximately 20.2% of the company’s shares are short sold.
Separately, analysts at JPMorgan Chase & Co. upgraded shares of Accuray from a “neutral” rating to an “overweight” rating in a research note on Friday, June 13th. They now have a $12.00 price target on the stock, up previously from $9.00. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Accuray presently has a consensus rating of “Buy” and a consensus target price of $12.00.
Shares of Accuray (NASDAQ:ARAY) opened at 7.44 on Wednesday. Accuray has a 52 week low of $5.80 and a 52 week high of $10.85. The stock has a 50-day moving average of $8.39 and a 200-day moving average of $8.91. The company’s market cap is $571.1 million.
Accuray, Inc manufactures image-guided radiosurgery devices. The Company is based in the United States and its core product, the CyberKnife Stereotactic Radiosurgery System, combines image-guidance with robotics to offer unparalleled flexibility and accuracy.
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