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Shares of Sirius XM Holdings (NASDAQ:SIRI) were the target of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 291,008,036 shares, a decrease of 2.1% from the July 31st total of 297,345,975 shares, StockRatingsNetwork.com reports. Currently, 12.0% of the shares of the stock are short sold. Based on an average trading volume of 45,646,885 shares, the days-to-cover ratio is currently 6.4 days.

Several analysts have recently commented on the stock. Analysts at Evercore Partners raised their price target on shares of Sirius XM Holdings from $4.25 to $4.30 in a research note on Thursday, July 31st. Separately, analysts at Wunderlich reiterated a “hold” rating on shares of Sirius XM Holdings in a research note on Wednesday, July 30th. They now have a $3.50 price target on the stock. Finally, analysts at Pivotal Research raised their price target on shares of Sirius XM Holdings from $3.75 to $4.25 in a research note on Tuesday, July 15th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $4.25.

Sirius XM Holdings (NASDAQ:SIRI) opened at 3.63 on Tuesday. Sirius XM Holdings has a 52-week low of $2.98 and a 52-week high of $4.18. The stock’s 50-day moving average is $3.46 and its 200-day moving average is $3.36. The company has a market cap of $20.589 billion and a price-to-earnings ratio of 63.16.

Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Sirius XM Holdings will post $0.08 earnings per share for the current fiscal year.

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems.

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