Flextronics International Ltd. (FLEX): Price Target and June Short Interest Disclosure

Flextronics International Ltd. (FLEX) : Currently there are 10 street experts covering Flextronics International Ltd. (FLEX) stock. The most bullish and bearish price target for the stock is $16 and $10 respectively for the short term. The average price target of all the analysts comes to $13.85. The estimated standard deviation from the target is $1.76.

Flextronics International Ltd. (FLEX), A increase of 127,880 shares or 2.5% was observed in the short interest of Flextronics International Ltd. – Ordinary Shares The interest on June 30,2016 came in at 5,341,569 shares and as per the average daily trading of 5,754,470 shares, the days to cover are 1. The increased interest is 1% of the floated shares. The data of June 15,2016 put the interest at 5,213,689 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, Standpoint Research downgrades its outlook on Flextronics International Ltd. (NASDAQ:FLEX). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 24, 2016.


Flextronics International Ltd. (NASDAQ:FLEX): stock turned positive on Thursday. Though the stock opened at $12.87, the bulls momentum made the stock top out at $13.06 level for the day. The stock recorded a low of $12.73 and closed the trading day at $12.96, in the green by 1.97%. The total traded volume for the day was 5,672,470. The stock had closed at $12.71 in the previous days trading.

Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.