ANSYS Short Interest Up 32.4% in December (ANSS)

ANSYS (NASDAQ:ANSS) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,286,579 shares, an increase of 32.4% from the November 28th total of 971,934 shares, Analyst Ratings Network reports. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 383,842 shares, the days-to-cover ratio is currently 3.4 days.

Separately, analysts at Benchmark Co. downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 6th. They now have a $78.00 price target on the stock, down previously from $95.00. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $85.60.

ANSYS (NASDAQ:ANSS) opened at 82.00 on Friday. ANSYS has a one year low of $71.09 and a one year high of $87.15. The stock’s 50-day moving average is $82.06 and its 200-day moving average is $78.52. The company has a market cap of $7.536 billion and a P/E ratio of 29.99.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, November 5th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.06. The company had revenue of $234.00 million for the quarter, compared to the consensus estimate of $236.93 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that ANSYS will post $3.32 earnings per share for the current fiscal year.

ANSYS, Inc (NASDAQ:ANSS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a spectrum of industries and academia.

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

Latest News

Instacart the Grocery Delivery Startup Raises $210 Million
Instacart the Grocery Delivery Startup Raises $210 Million
China Will Relax Regulations on Banks Renminbi Trading
China Will Relax Regulations on Banks Renminbi Trading
Subway in Safety Scandal in China over Food
Subway in Safety Scandal in China over Food
UPS and FedEx Make Improvements During Holiday Season
UPS and FedEx Make Improvements During Holiday Season
MasterCard Spending Report for Holidays Shows Weak Electronics
MasterCard Spending Report for Holidays Shows Weak Electronics
Gift Cards Have Become Hugely Popular, but Have Risks
Gift Cards Have Become Hugely Popular, but Have Risks


Leave a Reply

Advertisement
Advertisement
© 2006-2015 Leoncheng.