ORCL Has An Update In Its Short Interest

orcl
orcl

Oracle Co. (NYSE: ORCL) had a significant decline in March in its short interest. Until 31st March, the short interest totaled 23720000 of the shares, which is a 21.9% decline from the 15th March total. About 1.4% of shares are being sold short.

Detailed Overview Of ORCL Stock

ORCL shares traded upwards and closed at $78.95 last Friday. The company’s market capitalization value stands at $227.66B with a 0.76 beta. The highest and the lowest value of the stock in a year are $78.55 and $50.86 respectively. The moving average of ORCL over 50 days stands at $69.95 while that for 200 days stands at $62.97. In its latest quarterly earnings announcement on 9th March, Tuesday, it reported an EPS of $1.16, overshooting the estimated $1.11. The stock also has a 26.34% net margin.

Quite a few research analysts have covered ORCL recently. Barclays increased their rating of the stock to “overweight” from “equal weight” and upped the objective price to $80 from $66 on 11th March, Thursday. Citigroup issued a rating of “neutral” and set their objective price which stands at $65 on 3rd March, Wednesday. Stifel Nicolaus increased their price target to $62 from $56 and issued a rating of “hold” for the stock on 17th March, Wednesday. Sanford C. Bernstein issued their price objective which stands at $81 while re-issuing a rating of “buy” on 11th March, Thursday. Finally, KeyCorp increased their price target to $82 from $70 while issuing a rating of “overweight” on 15th March, Monday.

Safra Catz, the CEO, sold off 1150000 ORCL shares on 22nd March at a $66.31 average price per share. Jeffrey Henley, the vice-chairman, sold off 400000 of the shares on 5th March at a $70.03 average price per share.

Kathmere Capital LLC, Cowa LLC, Oder Investment Management LLC, RWM Asset Management LLC, and Johnson Midwest Financial LLC all increased their share of ORCL stock.    

Previous articleNYSE MA Sees A Decline In Its Short Interest
Next articleMare of Easttown: The Backstory And Other Details