Morgan Stanley Short Interest Down 11.6% in July (MS)
Shares of Morgan Stanley (NYSE:MS) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 18,752,927 shares, a decrease of 11.6% from the July 15th total of 21,224,976 shares, Analyst Ratings Network reports. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 9,527,698 shares, the days-to-cover ratio is currently 2.0 days.
A number of analysts have recently weighed in on MS shares. Analysts at Argus raised their price target on shares of Morgan Stanley from $35.00 to $42.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Separately, analysts at Nomura raised their price target on shares of Morgan Stanley from $36.00 to $37.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Morgan Stanley in a research note on Friday, July 18th. They now have a $37.00 price target on the stock, up previously from $36.00. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $34.65.
Morgan Stanley (NYSE:MS) opened at 32.61 on Tuesday. Morgan Stanley has a 52 week low of $25.25 and a 52 week high of $33.60. The stock’s 50-day moving average is $32.28 and its 200-day moving average is $31.13. The company has a market cap of $64.025 billion and a P/E ratio of 15.16.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.33. The company had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.41 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Morgan Stanley will post $2.41 EPS for the current fiscal year.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
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