Short Interest in Janus Capital Group, Inc (JHG) Increases By Infinity
Janus Capital Group, Inc (NYSE:JHG) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 7,385,192 shares, a growth of Infinity from the May 15th total of 0 shares. Based on an average daily volume of 360,294 shares, the short-interest ratio is currently 20.5 days.
A number of research analysts have recently weighed in on the company. Bank of America Corporation reissued a “neutral” rating and issued a $31.00 price objective on shares of Janus Capital Group in a report on Wednesday, May 31st. ValuEngine raised Janus Capital Group from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. J P Morgan Chase & Co assumed coverage on Janus Capital Group in a report on Friday, June 9th. They issued a “neutral” rating and a $33.00 price objective on the stock. Credit Suisse Group assumed coverage on Janus Capital Group in a report on Thursday, June 1st. They issued a “neutral” rating and a $33.00 price objective on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on Janus Capital Group in a report on Wednesday, May 31st. They issued a “market perform” rating and a $32.00 price objective on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Janus Capital Group presently has a consensus rating of “Hold” and a consensus target price of $32.25.
Shares of Janus Capital Group (NYSE:JHG) opened at 32.74 on Wednesday. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 26.07 and a beta of 1.60. The company’s 50-day moving average price is $32.18 and its 200 day moving average price is $32.18. Janus Capital Group has a 12-month low of $2.63 and a 12-month high of $34.85.
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