HomeServe plc (OTCMKTS:HMSVF) Sees Large Decline in Short Interest

HomeServe plc (OTCMKTS:HMSVFGet Rating) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 29,000 shares, a decline of 94.2% from the March 15th total of 501,900 shares. Based on an average daily volume of 15,000 shares, the short-interest ratio is presently 1.9 days.

A number of equities research analysts have issued reports on the company. Exane BNP Paribas raised HomeServe from an “underperform” rating to a “neutral” rating in a research report on Thursday, March 17th. BNP Paribas raised HomeServe to a “hold” rating and set a $640.00 price target for the company in a report on Thursday, March 17th. Finally, Morgan Stanley cut their price target on HomeServe from GBX 1,020 ($13.29) to GBX 810 ($10.56) and set an “equal weight” rating on the stock in a report on Tuesday, January 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $487.20.

HomeServe stock remained flat at $$9.00 during mid-day trading on Tuesday. The company’s fifty day simple moving average is $9.60 and its two-hundred day simple moving average is $11.14. HomeServe has a 52 week low of $9.00 and a 52 week high of $15.25.

HomeServe Company Profile (Get Rating)

HomeServe plc, together with its subsidiaries, provides home repair and improvement services to homeowners under the HomeServe brand. The company offers home assistance via subscription-based membership services for plumbing, heating, electrical, locks, glazing, pest control, and technology. It also operates an online marketplace to help homeowners to find local trade on-demand, as well as to help with a range of home repairs and improvements, including landscape gardening and carpet cleaning.

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