Short Interest in Tibco Software Increases By 29.2% (TIBX)
Shares of Tibco Software (NASDAQ:TIBX) were the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 7,428,240 shares, a growth of 29.2% from the July 31st total of 5,751,554 shares, Analyst Ratings Network reports. Approximately 4.9% of the company’s shares are sold short. Based on an average daily trading volume, of 3,831,101 shares, the short-interest ratio is presently 1.9 days.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Tibco Software from $19.00 to $20.00 in a research note on Friday, June 20th. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Tibco Software from $17.00 to $19.00 in a research note on Friday, June 20th. They now have a “hold” rating on the stock. Finally, analysts at Susquehanna downgraded shares of Tibco Software from a “positive” rating to a “neutral” rating in a research note on Friday, June 20th. They now have a $19.00 price target on the stock, down previously from $24.00. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Tibco Software currently has a consensus rating of “Hold” and a consensus price target of $24.71.
Shares of Tibco Software (NASDAQ:TIBX) opened at 20.84 on Monday. Tibco Software has a 1-year low of $18.20 and a 1-year high of $27.15. The stock has a 50-day moving average of $20.25 and a 200-day moving average of $20.37. The company has a market cap of $3.397 billion and a P/E ratio of 44.08.
Tibco Software (NASDAQ:TIBX) last released its earnings data on Thursday, June 19th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14. The company had revenue of $252.30 million for the quarter, compared to the consensus estimate of $252.33 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Tibco Software will post $0.83 EPS for the current fiscal year.
TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.
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