The Short Interest in Apple Inc. (AAPL) Rises By 10.3%

The Short Interest in Apple Inc. (AAPL) Rises By 10.3%

AAPL has been the topic of several research analyst reports. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of Apple in a research note on Wednesday, February 22nd. UBS Group AG raised their price objective on Apple from $165.00 to $200.00 in a research note on Sunday, April 2nd. Canaccord Genuity raised their price objective on Apple from $142.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, February 7th. Bank of America Corp raised their price objective on Apple from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Apple in a research note on Tuesday, February 14th. Nine analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $159.69.

Apple Inc. (NASDAQ:AAPL) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 49,908,997 shares, an increase of 10.3% from the April 28th total of 45,231,755 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 34,196,323 shares, the days-to-cover ratio is currently 1.5 days.

Apple (NASDAQ AAPL) opened at 155.45 on Monday. Apple has a 1-year low of $91.50 and a 1-year high of $156.65. The stock has a 50 day moving average price of $149.57 and a 200-day moving average price of $132.53. The stock has a market capitalization of $810.49 billion, a P/E ratio of 18.24 and a beta of 1.26. Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.08. Apple had a return on equity of 33.20% and a net margin of 20.85%. The firm had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. Equities research analysts expect that Apple will post $8.95 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 15th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.62%. This is an increase from Apple’s previous quarterly dividend of $0.57. The ex-dividend date was Thursday, May 11th. Apple’s dividend payout ratio is presently 27.31%. In related news, insider Johny Srouji sold 10,019 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $153.96, for a total value of $1,542,525.24. Following the sale, the insider now directly owns 91,291 shares of the company’s stock, valued at $14,055,162.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela J. Ahrendts sold 75,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $147.98, for a total value of $11,098,500.00. Following the completion of the sale, the insider now directly owns 154,116 shares in the company, valued at $22,806,085.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 430,705 shares of company stock worth $64,608,919. 0.08% of the stock is currently owned by insiders.

About Apple Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AAPL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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