Noble Corporation (NE): Price Target and June Short Interest Disclosure

Noble Corporation (NE) : The highest level Noble Corporation (NE) is projected to reach is $11 for the short term and the lowest estimate is at $2. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $8.77 and the possibility the share price can swing is $2.46.

Noble Corporation (NE) reported a drop of 0.9% or 312,411 shares in its short interest. The short figure came in at 14.6% of the total floats. The average daily volume of 8,608,373 shares suggests that the days to cover 35,065,166 short positions, as on June 30,2016, will be 4. On June 15,2016, the short interest was 35,377,577 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm Argus Research downgrades its rating on Noble Corporation (NYSE:NE). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 20, 2016.


Noble Corporation (NYSE:NE): stock turned positive on Thursday. Though the stock opened at $8.37, the bulls momentum made the stock top out at $8.56 level for the day. The stock recorded a low of $8.28 and closed the trading day at $8.4, in the green by 1.82%. The total traded volume for the day was 6,513,650. The stock had closed at $8.25 in the previous days trading.

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