Future plc (OTCMKTS:FRNWF – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 41,900 shares, a growth of 21.4% from the October 15th total of 34,500 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 419.0 days.
Analysts Set New Price Targets
Separately, Barclays cut their price target on Future from GBX 1,350 ($16.58) to GBX 1,080 ($13.26) in a report on Monday, October 2nd.
Future Price Performance
Future plc, together with its subsidiaries, publishes and distributes content for games, entertainment, technology, sports, savings and wealth, lifestyle, knowledge and news, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The company offers content through various forms, such as websites, email newsletters, videos, social platforms, magazines, and events, as well as advertising comprising digital advertising, AVOD, newsletters, events, and lead generation; eCommerce, including print and digital subscriptions, and newstrade; and direct consumer monetisation frameworks.
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