Electrocomponents plc (OTCMKTS:EENEF) Short Interest Update

Electrocomponents plc (OTCMKTS:EENEFGet Rating) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 400 shares, a growth of 100.0% from the May 15th total of 200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 4.0 days.

A number of research firms have weighed in on EENEF. JPMorgan Chase & Co. increased their price target on shares of Electrocomponents from GBX 1,300 ($16.29) to GBX 1,350 ($16.92) in a research note on Thursday, March 31st. Stifel Nicolaus raised shares of Electrocomponents from a “hold” rating to a “buy” rating in a report on Thursday, March 10th. Finally, Peel Hunt raised shares of Electrocomponents to a “buy” rating in a research note on Thursday, March 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $1,350.00.

OTCMKTS:EENEF opened at $11.55 on Monday. The company has a 50-day moving average of $12.65 and a 200-day moving average of $14.14. Electrocomponents has a 52 week low of $11.45 and a 52 week high of $15.83.

About Electrocomponents (Get Rating)

RS Group plc, together with its subsidiaries, distributes various electronics and industrial products in the United Kingdom, the United States, France, Germany, Italy, and internationally. It provides industrial interconnect and test, industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.

See Also

Receive News & Ratings for Electrocomponents Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrocomponents and related companies with MarketBeat.com's FREE daily email newsletter.