Portugal Telecom, SGPS Short Interest Up 34.8% in July (PT)
Shares of Portugal Telecom, SGPS (NYSE:PT) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 11,345,414 shares, an increase of 34.8% from the July 15th total of 8,417,657 shares, Analyst Ratings Network reports. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,854,921 shares, the days-to-cover ratio is currently 6.1 days.
Separately, analysts at Berenberg Bank downgraded shares of Portugal Telecom, SGPS from a “buy” rating to a “hold” rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Portugal Telecom, SGPS presently has an average rating of “Hold” and an average price target of $3.48.
Shares of Portugal Telecom, SGPS (NYSE:PT) opened at 1.90 on Monday. Portugal Telecom, SGPS has a 52-week low of $1.84 and a 52-week high of $5.09. The stock’s 50-day moving average is $2.4 and its 200-day moving average is $3.76. The company has a market cap of $1.625 billion and a price-to-earnings ratio of 4.68.
Portugal Telecom SGPS SA (NYSE:PT) provides a range of telecommunications and multimedia services in Portugal and other countries or regions, including Brazil and Africa.
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