The stocks of HPQ have been the target of quite a significant increase in the short interest for the month of May. As reports state, there was a short interest on the 28th of May which totaled around 23,760,000 shares- which is approximately a growth of about 39.1% from the 13th May total of about 17,080,000 shares. On average around 2% of the company, shares have already been sold.
The Quarterly Estimates Of HPQ
There have been quite a few research equities that have commented on the stocks of HPQ. Citigroup has increased the price rating of the company from neutral to buy in a Monday research report. Deutsche Bank has also increased the price target of the company from $30 to $32 with a rating of hold in a 28th May research note.
JPMorgan Chase & Co has also gone ahead and increased the rating of the company from neutral to overweight with a price target of $35 in a 4th March research report. In the end, Morgan Stanley also reaffirmed their rating of overweight along with a price target of $40 which was set in a 20th April research report.
Two of the investment analysts covering the company have given it a rating of sell, while two others have issued the company with a rating of hold. Close to eight others have provided the company with a rating of buy. Currently, HPQ has a buy rating with a $28 price target.
The stocks of HPQ traded on Wednesday at $29.59. The moving average price of the company over a period of 50 days is $32.46. The year low of the company has been set at $15.98, with the year high set at $36. The market cap of the firm is $35.55 billion, with a 10.49 PE ratio, along with a PEG ratio of around 1.01.
HPQ previously updated its quarterly reports on the 26th of May. The computer manufacturer had reported an EPS of $0.93, which was more than the consensus estimate of $0.89. The return on equity for the company over the period was -143.70%, with the net margin set at 6.05%.
