Euronext (OTCMKTS:EUXTF) Sees Significant Growth in Short Interest

Euronext (OTCMKTS:EUXTFGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 24,200 shares, a growth of 74.1% from the April 15th total of 13,900 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is presently 11.0 days.

A number of brokerages recently issued reports on EUXTF. Credit Suisse Group began coverage on Euronext in a research note on Thursday, April 7th. They set an “outperform” rating for the company. Barclays began coverage on Euronext in a research note on Thursday, February 3rd. They set an “equal weight” rating for the company. Finally, Morgan Stanley boosted their price objective on Euronext from €98.70 ($103.89) to €102.90 ($108.32) in a research note on Thursday, April 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $103.45.

EUXTF stock opened at $73.25 on Friday. Euronext has a 1-year low of $73.25 and a 1-year high of $121.53. The business has a 50 day simple moving average of $88.49 and a two-hundred day simple moving average of $96.04.

About Euronext (Get Rating)

Euronext N.V., together with its subsidiaries, operates securities and derivatives exchanges in Continental Europe, Ireland, and Norway. The company offers a range of exchange and corporate services, including security listings, cash and derivatives trading, and market data dissemination. It also provides listing venues and cash equities trading venues; and various marketplaces, including multilateral trading facilities for investors, broker-dealers, and other market participants to meet directly to buy and sell cash equities, fixed income securities, and exchange traded products.

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