Markit Short Interest Up 43.2% in August (MRKT)
Shares of Markit (NASDAQ:MRKT) were the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 817,498 shares, an increase of 43.2% from the July 31st total of 570,899 shares, StockRatingsNetwork reports. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 341,631 shares, the short-interest ratio is presently 2.4 days.
MRKT has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of Markit in a research note on Tuesday, August 19th. They set an “outperform” rating and a $30.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Markit in a research note on Thursday, August 14th. They now have a $30.00 price target on the stock, up previously from $29.00. Finally, analysts at Jefferies Group initiated coverage on shares of Markit in a research note on Thursday, July 24th. They set a “hold” rating and a $28.90 price target on the stock. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.74.
Markit (NASDAQ:MRKT) opened at 25.01 on Wednesday. Markit has a one year low of $24.06 and a one year high of $27.45. The stock has a 50-day moving average of $25.58 and a 200-day moving average of $25.97. The company has a market cap of $4.525 billion and a price-to-earnings ratio of 43.42.
Markit (NASDAQ:MRKT) last announced its earnings results on Wednesday, August 13th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.04. The company had revenue of $264.60 million for the quarter, compared to the consensus estimate of $256.30 million. Analysts expect that Markit will post $1.49 EPS for the current fiscal year.
Markit Ltd. is a global diversified provider of financial information services. The Company provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software and managed services.
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