CARR Stock Short Interest Falls By 29.8%

CARR
CARR

In April, the stocks of the Carrier Global Company (NYSE: CARR) showed a significant and steep decrease in its short interest. On 15th April, the short interest of the stock which totaled around 7,110,000 shares decreased by 29.8% from the total done on 31st March which stands at 10,130,000 shares. The ratio of short interest which is primarily based on the daily volume on an average basis, of around 6,170,000 shares stands at 1.2 days presently. Currently, 0.8 percent of all the company’s shares are being sold short. 

More Details About The CARR Stock

CARR has been the subject of several brokerages. Morgan Stanley uplifted the price objective of the company’s shares from $53.00 – $57.00 while issuing a rating of “overweight” on the shares of the company on Friday’s report. Jefferies Group increased the price objective of the company’s shares from $43.00 – $50.00 while issuing a rating of “buy” on the company’s shares on 15th January, Friday. Canada Royal Bank raised its ratings of the company’s shares from “sector perform” to “outperform” while increasing the price objective of the company’s shares from $43.00 – $51.00 on 31sr March, Wednesday. The stock has “Buy” as its average rating and $43.25 as its average price target. 

The stock of CARR opened on Friday at $43.58. The company possesses a 1.80 current ratio, a 1.50 quick ratio, and a 2.16 ratio between the company’s debt and equity. CARR has $15.43 as its fifty-two week low and $45.32 as its fifty-two week high. The moving average for 50 days of the company stands at $42.13. The moving average of the company for 200 days stands at $38.73.

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