J.C. Penney Company Holding Company (JCP): Price Target and June Short Interest Disclosure

J.C. Penney Company Holding Company (JCP) : Currently there are 16 street experts covering J.C. Penney Company Holding Company (JCP) stock. The most bullish and bearish price target for the stock is $19 and $5 respectively for the short term. The average price target of all the analysts comes to $10.72. The estimated standard deviation from the target is $3.69.

J.C. Penney Company Holding Company (JCP), A drop of 6,536,888 shares or 7.4% was seen in the short interest of J C Penney Company Inc. Even as the interest dropped from 88,390,891 shares on June 15,2016 to 81,854,003 shares on June 30,2016, the days to cover came in at 7. The updated interest stood at 27.3% of the stocks floats. The stock has seen an average daily volume of 11,953,928 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Morgan Stanley maintains its rating on J.C. Penney Company Holding Company (NYSE:JCP). As per the latest information, the brokerage house lowers the price target to $7.5 per share from a prior target of $8. The shares have been rated Underweight. The rating by the firm was issued on May 16, 2016.


J.C. Penney Company Holding Company (NYSE:JCP): stock turned positive on Thursday. Though the stock opened at $8.57, the bulls momentum made the stock top out at $8.63 level for the day. The stock recorded a low of $8.51 and closed the trading day at $8.57, in the green by 0.94%. The total traded volume for the day was 5,234,992. The stock had closed at $8.49 in the previous days trading.

J. C. Penney Company, Inc. (JCPenney) is a holding company. The Companys operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Companys business consists of selling merchandise and services to consumers through its department stores and Website at jcpenney.com, which utilizes applications for desktop, mobile and tablet devices. The Companys online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers warehouses and by in store customer pick up. The Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings. The Companys department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating.

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