Best Buy Co. (BBY): Price Target and June Short Interest Disclosure

Best Buy Co. (BBY) : The consensus price target for Best Buy Co. (BBY) is $33.27 for the short term with a standard deviation of $6.57. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $45, however, the pessimist price target for the company is $21.

The short interest in Best Buy Co. (BBY) has increased from 30,637,906 on June 15,2016 to 31,060,185 on June 30,2016. The change was measured at 422,279 shares or 1.4%. The leftover shorts were 11.2% of the floated shares. The days to cover are 7, given the average daily volume of 4,499,288 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Longbow Research initiates coverage on Best Buy Co. (NYSE:BBY).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on June 16, 2016.


Best Buy Co. (NYSE:BBY): stock turned positive on Thursday. Though the stock opened at $31.67, the bulls momentum made the stock top out at $31.93 level for the day. The stock recorded a low of $31.49 and closed the trading day at $31.76, in the green by 1.15%. The total traded volume for the day was 4,721,386. The stock had closed at $31.4 in the previous days trading.

Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States, Canada and Mexico. It operates through two segments: Domestic and International. The Domestic segment consists of all operations within the United States and its territories, operating e-commerce, retail store and call center operations under a range of brand names, including, Best Buy (, Best Buy Mobile, Geek Squad, Magnolia Audio Video and Pacific Sales. The International segment consists of all operations outside the United States and its territories. In addition, the Company operates Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen and Home store-within-a-store experiences in the United States Best Buy stores.

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