EMC Corporation (EMC): Price Target and June Short Interest Disclosure

EMC Corporation (EMC) : Average target price received by EMC Corporation (EMC) is $29.3 with an expected standard deviation of $1.62. The most aggressive target on the stock is $32, whereas the most downbeat target is $26. 20 financial analysts are currently covering the stock.

EMC Corporation (EMC) has witnessed a drop of 18% or 3,222,029 shares in its short figure. The short interest diminution took it from 17,902,969 on June 15,2016 to 14,680,940 on June 30,2016. In terms of floated shares, the short interest was calculated to be 0.8%. The days to cover are 1 given that the daily volume averaged 13,709,074 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Sterne Agee CRT downgrades its view on EMC Corporation (NYSE:EMC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 2, 2016.


EMC Corporation (NYSE:EMC): The stock was completely flat for the day, closing at $27.53 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $27.57, the stock touched an intraday high of $27.63 and a low of $27.52. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $27.53. The total trading volume on Thursday was 9,831,790.

EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.

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