Short Interest in Microsoft Decreases By 3.6% (MSFT)
Shares of Microsoft (NASDAQ:MSFT) saw a large decline in short interest in August. As of August 15th, there was short interest totalling 86,181,905 shares, a decline of 3.6% from the July 31st total of 89,401,631 shares, Stock Ratings Network reports. Approximately 1.1% of the company’s shares are short sold. Based on an average trading volume of 27,385,733 shares, the days-to-cover ratio is presently 3.1 days.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Microsoft in a research note on Wednesday, August 27th. They now have a $47.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Microsoft from $44.00 to $45.00 in a research note on Wednesday, July 23rd. They now have a “market perform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Microsoft in a research note on Wednesday, July 23rd. They now have a $50.00 price target on the stock, up previously from $47.50. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.28.
Shares of Microsoft (NASDAQ:MSFT) opened at 45.43 on Tuesday. Microsoft has a 1-year low of $30.95 and a 1-year high of $45.71. The stock has a 50-day moving average of $44.09 and a 200-day moving average of $40.98. The company has a market cap of $374.3 billion and a price-to-earnings ratio of 17.06.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 22nd. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.09. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.11 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts expect that Microsoft will post $2.72 EPS for the current fiscal year.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.