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Shares of Twitter (NYSE:TWTR) were the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 31,283,622 shares, a drop of 7.6% from the July 15th total of 33,866,845 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 33,509,128 shares, the short-interest ratio is presently 0.9 days. Currently, 8.7% of the company’s shares are short sold.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Twitter in a research note on Wednesday, August 13th. They set a “hold” rating and a $44.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Twitter in a research note on Friday, August 1st. They now have a $47.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Twitter from $42.00 to $48.00 in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company. Twitter has an average rating of “Hold” and an average price target of $51.48.

Twitter (NYSE:TWTR) traded up 0.24% during mid-day trading on Tuesday, hitting $45.23. The stock had a trading volume of 3,804,781 shares. Twitter has a 1-year low of $29.51 and a 1-year high of $74.73. The stock has a 50-day moving average of $40.89 and a 200-day moving average of $43.46. The company’s market cap is $27.439 billion.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $282.44 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 124.0% on a year-over-year basis. On average, analysts predict that Twitter will post $0.10 earnings per share for the current fiscal year.

Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.

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