Microsoft Sees Significant Decrease in Short Interest (MSFT)

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Shares of Microsoft (NASDAQ:MSFT) were the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 78,616,342 shares, a drop of 13.3% from the April 15th total of 90,644,190 shares, Analyst Ratings News reports. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 35,616,841 shares, the days-to-cover ratio is currently 2.2 days.

In other Microsoft news, Insider G Mason Morfit acquired 2,950,501 shares of the stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $39.55 per share, with a total value of $116,692,314.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on MSFT. Analysts at Benchmark Co. reiterated an “average” rating on shares of Microsoft in a research note on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, April 25th. They now have a $42.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Microsoft from $38.00 to $45.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.37.

Shares of Microsoft (NASDAQ:MSFT) opened at 40.24 on Thursday. Microsoft has a 1-year low of $30.84 and a 1-year high of $41.66. The stock’s 50-day moving average is $40.01 and its 200-day moving average is $37.9. The company has a market cap of $332.4 billion and a price-to-earnings ratio of 15.14.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The company had revenue of $20.40 billion for the quarter, compared to the consensus estimate of $20.38 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. Analysts expect that Microsoft will post $2.69 EPS for the current fiscal year.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.

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