Revlon, Inc. (NYSE:REV) Sees Significant Increase in Short Interest

Revlon, Inc. (NYSE:REVGet Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 1,770,000 shares, an increase of 53.9% from the April 15th total of 1,150,000 shares. Approximately 25.1% of the company’s shares are short sold. Based on an average trading volume of 126,600 shares, the short-interest ratio is currently 14.0 days.

A number of institutional investors have recently modified their holdings of the stock. Invesco Ltd. lifted its stake in Revlon by 4.6% in the third quarter. Invesco Ltd. now owns 33,540 shares of the company’s stock worth $339,000 after acquiring an additional 1,487 shares during the last quarter. Barclays PLC lifted its position in shares of Revlon by 103.1% during the 3rd quarter. Barclays PLC now owns 2,996 shares of the company’s stock worth $30,000 after buying an additional 1,521 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Revlon by 90.2% during the 4th quarter. BNP Paribas Arbitrage SA now owns 3,513 shares of the company’s stock worth $40,000 after buying an additional 1,666 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Revlon by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 119,293 shares of the company’s stock worth $1,206,000 after buying an additional 2,911 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Revlon by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 52,550 shares of the company’s stock worth $425,000 after buying an additional 2,962 shares during the last quarter. Institutional investors own 9.77% of the company’s stock.

NYSE REV opened at $5.00 on Friday. The firm has a 50 day simple moving average of $7.30 and a 200-day simple moving average of $9.78. Revlon has a one year low of $4.02 and a one year high of $17.65. The firm has a market cap of $268.35 million, a price-to-earnings ratio of -1.52 and a beta of 2.64.

Revlon (NYSE:REVGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.66) by $0.52. The firm had revenue of $479.60 million during the quarter, compared to analysts’ expectations of $480.60 million. During the same quarter in the prior year, the firm earned ($1.55) EPS. As a group, analysts forecast that Revlon will post -4.11 EPS for the current fiscal year.

Several research analysts have recently commented on REV shares. Zacks Investment Research raised shares of Revlon from a “sell” rating to a “hold” rating in a research note on Saturday, March 5th. StockNews.com started coverage on shares of Revlon in a research note on Thursday, March 31st. They issued a “buy” rating for the company.

About Revlon (Get Rating)

Revlon, Inc, together with its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.

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