General Electric Company (GE): Price Target and June Short Interest Disclosure

General Electric Company (GE) : The highest short term price target forecast on General Electric Company (GE) is $38 and the lowest target price is $28. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $33.1 with a standard deviation of $2.88.

General Electric Company (GE) reported a rise of 69% or 76,979,413 shares in its short interest. The short figure came in at 2.1% of the total floats. The average daily volume of 50,259,440 shares suggests that the days to cover 188,560,688 short positions, as on June 30,2016, will be 4. On June 15,2016, the short interest was 111,581,275 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Cowen & Company initiates coverage on General Electric Company (NYSE:GE) . The global brokerage major announces a current price target of $29 per share. Analysts at the Cowen & Company have a current rating of Market Perform on the shares. The rating by the firm was issued on June 7, 2016.


General Electric Company (NYSE:GE): stock turned positive on Thursday. Though the stock opened at $32.5, the bulls momentum made the stock top out at $32.72 level for the day. The stock recorded a low of $32.49 and closed the trading day at $32.63, in the green by 0.83%. The total traded volume for the day was 33,877,776. The stock had closed at $32.36 in the previous days trading.

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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