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Sprint (NYSE:S) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 84,571,795 shares, an increase of 13.6% from the July 15th total of 74,439,938 shares, reports. Currently, 10.8% of the company’s stock are short sold. Based on an average daily trading volume, of 18,318,789 shares, the short-interest ratio is currently 4.6 days.

A number of analysts have recently weighed in on S shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Sprint in a research note on Monday, August 4th. They now have a $9.00 price target on the stock, down previously from $9.50. Separately, analysts at Macquarie upgraded shares of Sprint from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 10th. Finally, analysts at Sanford C. Bernstein initiated coverage on shares of Sprint in a research note on Thursday, May 22nd. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Sprint currently has a consensus rating of “Hold” and an average price target of $8.08.

Sprint (NYSE:S) opened at 5.82 on Thursday. Sprint has a 52-week low of $5.53 and a 52-week high of $11.47. The stock’s 50-day moving average is $7.66 and its 200-day moving average is $8.44. The company’s market cap is $22.963 billion.

Sprint (NYSE:S) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.03. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.69 billion. During the same quarter last year, the company posted ($0.53) earnings per share. Sprint’s revenue was down 1.0% compared to the same quarter last year. On average, analysts predict that Sprint will post $-0.12 earnings per share for the current fiscal year.

Sprint Nextel Corporation (NYSE:S), is a holding company, with its operations primarily conducted by its subsidiaries.

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