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MICROS Systems (NASDAQ:MCRS) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 993,731 shares, a decline of 26.9% from the July 15th total of 1,358,946 shares, American Banking and Market News reports. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 1,993,657 shares, the days-to-cover ratio is presently 0.5 days.

A number of research firms have recently commented on MCRS. Analysts at Northcoast Research downgraded shares of MICROS Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 24th. Separately, analysts at Wedbush downgraded shares of MICROS Systems from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. Finally, analysts at RBC Capital downgraded shares of MICROS Systems from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 24th. They now have a $68.00 price target on the stock, up previously from $63.00. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.80.

Shares of MICROS Systems (NASDAQ:MCRS) opened at 67.79 on Friday. MICROS Systems has a 1-year low of $47.80 and a 1-year high of $70.24. The stock has a 50-day moving average of $67.7 and a 200-day moving average of $57.63. The company has a market cap of $5.072 billion and a price-to-earnings ratio of 31.40.

MICROS Systems, Inc (NASDAQ:MCRS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries.

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