E*TRADE Financial Corporation (ETFC): Price Target and June Short Interest Disclosure

E*TRADE Financial Corporation (ETFC) : 9 Wall Street analysts covering E*TRADE Financial Corporation (ETFC) believe that the average level the stock could reach for the short term is $28.06. The maximum price target given is $34 and the minimum target for short term is around $25, hence the standard deviation is calculated at $3.11.

E*TRADE Financial Corporation (ETFC) encountered a drop of 0.9% or -35,292 shares in the short positions. The number dropped from 3,819,657 on June 15,2016 to 3,784,365 on June 30,2016. The final interest is 1.4% of the floated stock. The days to cover figure of 1 can be arrived using the average daily exchange of 3,845,160 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Barclays maintains the rating on E*TRADE Financial Corporation (NASDAQ:ETFC). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency lowers the price target from $32 per share to $28 per share. The rating by the firm was issued on July 7, 2016.


E*TRADE Financial Corporation (NASDAQ:ETFC): stock turned positive on Thursday. Though the stock opened at $25.18, the bulls momentum made the stock top out at $25.31 level for the day. The stock recorded a low of $24.77 and closed the trading day at $24.85, in the green by 1.59%. The total traded volume for the day was 2,747,844. The stock had closed at $24.46 in the previous days trading.

E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.

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