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Shares of Vale SA (NYSE:VALE) were the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 128,712,139 shares, a decrease of 2.8% from the July 15th total of 132,387,242 shares, Analyst Ratings News reports. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 17,573,536 shares, the days-to-cover ratio is presently 7.3 days.

VALE has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Vale SA from $14.00 to $15.00 in a research note on Friday, August 1st. Separately, analysts at Morgan Stanley raised their price target on shares of Vale SA from $15.20 to $16.00 in a research note on Friday, August 1st. Finally, analysts at Nomura cut their price target on shares of Vale SA from $31.00 to $20.00 in a research note on Friday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Vale SA presently has an average rating of “Hold” and a consensus target price of $17.56.

Vale SA (NYSE:VALE) opened at 13.71 on Monday. Vale SA has a 52-week low of $12.29 and a 52-week high of $17.14. The stock’s 50-day moving average is $14.01 and its 200-day moving average is $13.67. The company has a market cap of $70.653 billion and a price-to-earnings ratio of 72.74.

Vale SA (NYSE:VALE) is a Brazil-based metals and mining company.

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