Shire PLC Sees Significant Growth in Short Interest (SHPG)
Shire PLC (NASDAQ:SHPG) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,433,306 shares, a growth of 59.9% from the July 15th total of 896,303 shares, Analyst Ratings.Net reports. Based on an average daily volume of 2,688,965 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.
SHPG has been the subject of a number of recent research reports. Analysts at Leerink Swann upgraded shares of Shire PLC from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $269.00 price target on the stock. Separately, analysts at Buckingham Research downgraded shares of Shire PLC from a “buy” rating to a “neutral” rating in a research note on Monday, July 21st. Finally, analysts at SunTrust downgraded shares of Shire PLC from a “buy” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $269.00 price target on the stock, up previously from $250.00. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $215.67.
Shire PLC (NASDAQ:SHPG) opened at 241.97 on Thursday. Shire PLC has a 52-week low of $109.82 and a 52-week high of $258.55. The stock has a 50-day moving average of $243.8 and a 200-day moving average of $184.4. The company has a market cap of $47.297 billion and a P/E ratio of 42.58.
Shire PLC (NASDAQ:SHPG) last issued its quarterly earnings data on Friday, July 18th. The company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.22. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $1.79 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, analysts predict that Shire PLC will post $9.96 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Friday, September 5th will be paid a dividend of $0.1149 per share. This represents a dividend yield of 0.09%. The ex-dividend date is Wednesday, September 3rd.
Shire plc (NASDAQ:SHPG) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.
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