El Pollo LoCo Holdings Sees Significant Growth in Short Interest (LOCO)
El Pollo LoCo Holdings (NASDAQ:LOCO) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 2,071,978 shares, an increase of 130.2% from the July 31st total of 900,173 shares, Analyst Ratings.Net reports. Based on an average daily volume of 5,456,882 shares, the days-to-cover ratio is presently 0.4 days. Approximately 34.6% of the company’s stock are sold short.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of El Pollo LoCo Holdings in a research note on Tuesday, August 19th. They set a “hold” rating and a $30.00 price target on the stock. Separately, analysts at William Blair initiated coverage on shares of El Pollo LoCo Holdings in a research note on Tuesday, August 19th. They set an “outperform” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of El Pollo LoCo Holdings in a research note on Tuesday, August 19th. They set an “underweight” rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $28.50.
Shares of El Pollo LoCo Holdings (NASDAQ:LOCO) opened at 32.31 on Monday. El Pollo LoCo Holdings has a 52 week low of $18.48 and a 52 week high of $41.70. The stock’s 50-day moving average is $33.45 and its 200-day moving average is $33.45. The company’s market cap is $1.159 billion.
El Pollo Loco Holdings, Inc (NASDAQ:LOCO) develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco and operates under one business segment.
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