Short Interest Jumps 25% For Yahoo (YHOO)

Recent short interest data for the 10/31/2014 settlement date shows an increase in short interest for shares of Yahoo! Inc. (YHOO). As of October 31, the web portal’s short interest totaled 55,215,957 shares, as compared to 45,675,146 shares since October 15, a jump of 25.06%. Average daily volume [AVM] for the same period fell by 1,235,132 to 31,519,760 shares from 32,754,892 shares. It is worth mentioning that ticker’s short interest has jumped by more than 26.89M shares, or 95%, from the 8/29/2014 settlement date.

Based on the latest AVM, the days-to-cover ratio — a metric that includes both the total shares short and the average daily volume of shares traded — is currently 1.75 days. Days-to-cover for YHOO increased to 1.75 for the October 15 settlement date, as compared to 1.39 days at the September 30 report.

Recently, a number of Wall Street firms have assigned a rating to the stock. Analysts at SunTrust Robinson Humphrey reinstated a ‘Buy’ rating and $57 price target in a research note on November 5th. JP Morgan (JPM) analysts started coverage of the stock, assigning an ‘Overweight’ rating and $55 price target in a research note to clients on October 31. Finally, analysts at Citigroup (C) maintained their ‘Buy’ and $63 price target on Yahoo in a research note on October 29th. Overall, there are 12 analysts that rate YHOO a ‘Buy’, while 13 rate it a ‘Hold’. No analyst rates it a ‘Sell’. Yahoo, currently valued at $48B, has a median Wall Street price target of $49 with a high target of $63.

On trading measures, ticker has a beta of 0.87 and a short float of 5.04%. In the past 52 weeks, shares of Sunnyvale, California-based company have traded between a low of $32.15 and a high of $49.63 and are now at $49.07. Shares are up 45.03% year-over-year, and 21.29% year-to-date.

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