Short Interest in Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Declines By 59.2%

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 37,153 shares, a decline of 59.2% from the May 31st total of 90,958 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 38,837 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They set a “sector perform” rating for the company. UBS Group set a $40.00 price objective on shares of Pershing Square in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group upgraded shares of Pershing Square to a “hold” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Pershing Square has a consensus rating of “Hold” and a consensus price target of $40.00.

Pershing Square Price Performance

Shares of Pershing Square stock opened at $48.86 on Wednesday. Pershing Square has a 52-week low of $48.12 and a 52-week high of $68.25. The stock’s 50-day simple moving average is $53.95 and its 200 day simple moving average is $57.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 2.49.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.