Signify (OTCMKTS:PHPPY – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 5,600 shares, an increase of 64.7% from the April 30th total of 3,400 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is currently 3.5 days.
Shares of PHPPY traded up $1.06 during trading hours on Friday, hitting $20.05. The company had a trading volume of 652 shares, compared to its average volume of 1,534. Signify has a one year low of $17.74 and a one year high of $35.70. The company’s fifty day moving average price is $21.10 and its two-hundred day moving average price is $23.18.
Separately, JPMorgan Chase & Co. upped their price target on shares of Signify from €55.00 ($58.51) to €56.00 ($59.57) in a report on Thursday, March 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.00.
Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. The company operates through Digital Solutions, Digital Products, and Conventional Products segments. It offers light-emitting diode (LED) and conventional luminaires, systems, and services for various market segments comprising offices, commercial buildings, shops, hospitality, industry, agriculture, and outdoor environments.
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