Ctrip.com International Ltd. (CTRP): Price Target and June Short Interest Disclosure

Ctrip.com International Ltd. (CTRP) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $55 and the lowest price target forecast is $44. The average forecast of all the analysts is $51.62 and the expected standard deviation is $3.52.

Ctrip.com International Ltd. (CTRP) stated loss of 1,388,103 shares or 3.8% in the short interest. The short interest registered from 36,694,708 on June 15,2016 to 35,306,605 on June 30,2016. In terms of floated shares, the shorted positions stood at 7.7%. The stock has been averaging 6,174,966 shares daily in trading and would need 6 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Brean Capital, maintains their rating on the shares of Ctrip.com International Ltd. (NASDAQ:CTRP). Brean Capital has a Buy rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $52 per share from a prior target of $56. The rating by the firm was issued on June 16, 2016.


Ctrip.com International Ltd. (NASDAQ:CTRP): stock turned positive on Thursday. Though the stock opened at $42.48, the bulls momentum made the stock top out at $43.28 level for the day. The stock recorded a low of $42.06 and closed the trading day at $43, in the green by 1.92%. The total traded volume for the day was 2,786,725. The stock had closed at $42.19 in the previous days trading.

Ctrip.com International, Ltd. is a travel service provider for hotel accommodations, transportation ticketing services, packaged tours and corporate travel management in China. The Company aggregates hotel and flight information to enable business and leisure travelers to make informed bookings. The Company also helps customers book tour packages and guided tours. In addition, its corporate travel management services help corporate clients manage their travel requirements. The Company also offers Internet-related advertising and other related services. The Company enables its customers to choose and reserve hotel rooms in cities throughout China and abroad; book and purchase transportation tickets for domestic and international flights and trains, and choose and reserve packaged tours that include transportation and accommodations, as well as guided tours and other value-added services in some instances.

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