Pandora A/S (OTCMKTS:PANDY) Sees Significant Decrease in Short Interest

Pandora A/S (OTCMKTS:PANDYGet Rating) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 13,000 shares, a drop of 24.4% from the April 15th total of 17,200 shares. Based on an average trading volume of 42,000 shares, the days-to-cover ratio is currently 0.3 days.

Shares of Pandora A/S stock traded up $0.64 during trading on Monday, reaching $19.35. The company’s stock had a trading volume of 27,600 shares, compared to its average volume of 23,553. Pandora A/S has a 12-month low of $18.12 and a 12-month high of $36.14. The business has a 50 day moving average price of $22.53 and a 200-day moving average price of $27.54.

The firm also recently declared a dividend, which was paid on Tuesday, March 22nd. Investors of record on Monday, March 14th were paid a $0.4032 dividend. The ex-dividend date of this dividend was Friday, March 11th. This represents a dividend yield of 3.57%.

A number of analysts have issued reports on the company. Royal Bank of Canada cut their target price on Pandora A/S from 710.00 to 680.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 11th. Nordea Equity Research cut Pandora A/S from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. JPMorgan Chase & Co. lowered their target price on Pandora A/S from 940.00 to 810.00 and set a “neutral” rating for the company in a report on Monday, April 11th. Kepler Capital Markets raised Pandora A/S from a “hold” rating to a “buy” rating and raised their target price for the stock from 950.00 to 1,050.00 in a research report on Thursday, February 10th. Finally, Morgan Stanley cut their price target on Pandora A/S from 780.00 to 710.00 and set an “equal weight” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Pandora A/S currently has an average rating of “Hold” and a consensus price target of $812.50.

Pandora A/S Company Profile (Get Rating)

Pandora A/S designs, manufactures, and markets hand-finished and contemporary jewelry worldwide. The company's jewelry material includes silver and gold; gold and rose gold plated; man-made stones, natural stones, synthetic stones, pearls, and diamonds; as well as enamel, glass, leather, and textile products.

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