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Shares of Yahoo! (NASDAQ:YHOO) were the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 27,976,174 shares, a decrease of 11.2% from the July 31st total of 31,509,962 shares, AnalystRatings.Net reports. Approximately 3.0% of the shares of the stock are sold short. Based on an average daily volume of 12,670,670 shares, the days-to-cover ratio is presently 2.2 days.

Several analysts have recently commented on the stock. Analysts at Bank of America raised their price target on shares of Yahoo! from $39.00 to $40.00 in a research note on Thursday, August 28th. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Yahoo! in a research note on Wednesday, August 27th. Finally, analysts at Zacks downgraded shares of Yahoo! from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $32.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $39.70.

Yahoo! (NASDAQ:YHOO) opened at 38.51 on Tuesday. Yahoo! has a one year low of $27.37 and a one year high of $41.72. The stock’s 50-day moving average is $36.09 and its 200-day moving average is $35.94. The company has a market cap of $38.302 billion and a P/E ratio of 33.11.

Yahoo! (NASDAQ:YHOO) last announced its earnings results on Tuesday, July 15th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.35 earnings per share. Yahoo!’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Yahoo! will post $1.42 earnings per share for the current fiscal year.

Yahoo! Inc (NASDAQ:YHOO), is a global technology company.

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