eBay Sees Significant Decrease in Short Interest (EBAY)
eBay (NASDAQ:EBAY) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 19,917,849 shares, a drop of 13.2% from the July 31st total of 22,939,905 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 10,725,391 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.8% of the company’s shares are sold short.
In other eBay news, SVP Alan Lee Marks unloaded 6,750 shares of eBay stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $56.41, for a total value of $380,767.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
EBAY has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of eBay in a research note on Wednesday, August 13th. They set a “hold” rating and a $57.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note on Tuesday, August 12th. They now have a $57.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of eBay to a “buy” rating in a research note on Friday, July 18th. Sixteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. eBay currently has an average rating of “Buy” and a consensus target price of $59.02.
eBay (NASDAQ:EBAY) opened at 55.50 on Tuesday. eBay has a 1-year low of $48.06 and a 1-year high of $59.70. The stock has a 50-day moving average of $53.25 and a 200-day moving average of $53.2. The company’s market cap is $68.887 billion.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that eBay will post $2.97 earnings per share for the current fiscal year.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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