Microsoft Co. (MSFT) Short Interest Down 5.7% in August

Share on StockTwits

Microsoft Co. (NASDAQ:MSFT) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 42,068,394 shares, a decrease of 5.7% from the August 15th total of 44,633,868 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 19,950,534 shares, the short-interest ratio is currently 2.1 days.

Shares of NASDAQ MSFT opened at $113.37 on Friday. The firm has a market cap of $860.14 billion, a P/E ratio of 29.22, a P/E/G ratio of 2.14 and a beta of 1.26. Microsoft has a 12-month low of $72.92 and a 12-month high of $113.73. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The business had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. Microsoft’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. equities research analysts predict that Microsoft will post 4.25 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on MSFT shares. Oppenheimer reiterated a “buy” rating and set a $115.00 price objective on shares of Microsoft in a research report on Friday, June 1st. Goldman Sachs Group reiterated a “buy” rating and set a $117.00 price objective on shares of Microsoft in a research report on Tuesday, June 5th. Argus reiterated a “focus list” rating and set a $116.00 price objective on shares of Microsoft in a research report on Wednesday, June 6th. Jefferies Financial Group restated a “sell” rating and issued a $75.00 price target on shares of Microsoft in a research report on Monday, June 11th. Finally, Morgan Stanley restated a “buy” rating and issued a $130.00 price target on shares of Microsoft in a research report on Monday, June 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. Microsoft presently has an average rating of “Buy” and a consensus target price of $119.49.

In related news, CFO Amy Hood sold 118,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the completion of the transaction, the chief financial officer now directly owns 669,327 shares in the company, valued at approximately $74,228,364.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the transaction, the chief executive officer now owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,042 shares of company stock valued at $71,264,850. 1.49% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in MSFT. SP Asset Management bought a new position in shares of Microsoft during the second quarter valued at about $8,500,000. HRT Financial LLC lifted its position in shares of Microsoft by 288.9% during the second quarter. HRT Financial LLC now owns 42,275 shares of the software giant’s stock valued at $4,168,000 after purchasing an additional 31,405 shares in the last quarter. Planning Directions Inc. bought a new position in shares of Microsoft during the second quarter valued at about $206,000. LFA Lugano Financial Advisors SA bought a new position in shares of Microsoft during the second quarter valued at about $139,000. Finally, Strategic Wealth Partners Ltd. lifted its position in shares of Microsoft by 80.1% during the second quarter. Strategic Wealth Partners Ltd. now owns 2,980 shares of the software giant’s stock valued at $294,000 after purchasing an additional 1,325 shares in the last quarter. 71.87% of the stock is currently owned by hedge funds and other institutional investors.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

Featured Story: Find a Trading Strategy That Works

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Microsoft Co.  Short Interest Down 5.7% in August
Microsoft Co. Short Interest Down 5.7% in August
Short Interest in Tilray Inc  Rises By 97.0%
Short Interest in Tilray Inc Rises By 97.0%
Short Interest in Adesto Technologies Corp  Expands By 44.7%
Short Interest in Adesto Technologies Corp Expands By 44.7%
Short Interest in Nabriva Therapeutics PLC –  Rises By 28.5%
Short Interest in Nabriva Therapeutics PLC – Rises By 28.5%
Novartis  Upgraded at ValuEngine
Novartis Upgraded at ValuEngine
Marriott Vacations Worldwide  Downgraded to “Sell” at ValuEngine
Marriott Vacations Worldwide Downgraded to “Sell” at ValuEngine


Leave a Reply

© 2006-2018 Ticker Report. Google+.