Janus Capital Group Inc (JNS) : 3 Wall Street analysts covering Janus Capital Group Inc (JNS) believe that the average level the stock could reach for the short term is $14.33. The maximum price target given is $16 and the minimum target for short term is around $13, hence the standard deviation is calculated at $1.53.
Janus Capital Group Inc (JNS) stated gains of 508,701 shares or 3.3% in the short interest. The short interest registered from 15,578,855 on June 15,2016 to 16,087,556 on June 30,2016. In terms of floated shares, the shorted positions stood at 8.9%. The stock has been averaging 1,629,457 shares daily in trading and would need 10 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Wells Fargo downgrades its outlook on Janus Capital Group Inc (NYSE:JNS). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on May 12, 2016.
Janus Capital Group Inc (NYSE:JNS): On Thursdays trading session , Opening price of the stock was $15.17 with an intraday high of $15.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.71. However, the stock managed to close at $14.78, a loss of 0.61% for the day. On the previous day, the stock had closed at $14.87. The total traded volume of the day was 2,705,080 shares.
Janus Capital Group Inc. provides investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, other pooled investment vehicles, separate accounts and subadvised relationships (collectively referred to as investment products) in both domestic and international markets. The Company provides investment management solutions across a range of disciplines, including fundamental United States and global equities (growth and value), mathematical equities, fixed income and alternatives through its subsidiaries, Janus Capital Management LLC (Janus), VelocityShares, LLC, INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins).