NVIDIA Corporation (NVDA): Price Target and June Short Interest Disclosure

NVIDIA Corporation (NVDA) : Currently there are 14 street experts covering NVIDIA Corporation (NVDA) stock. The most bullish and bearish price target for the stock is $58 and $13 respectively for the short term. The average price target of all the analysts comes to $41.71. The estimated standard deviation from the target is $13.87.

NVIDIA Corporation (NVDA), A reduction of 1,562,685 shares or 3.1% was observed in the short interest of NVIDIA Corporation The interest on June 30,2016 came in at 49,505,284 shares and as per the average daily trading of 9,830,987 shares, the days to cover are 5. The reduced interest is 9.8% of the floated shares. The data of June 15,2016 put the interest at 51,067,969 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Nomura upgrades their rating on the shares of NVIDIA Corporation (NASDAQ:NVDA). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 13, 2016.


NVIDIA Corporation (NASDAQ:NVDA): stock turned positive on Thursday. Though the stock opened at $53.06, the bulls momentum made the stock top out at $53.8 level for the day. The stock recorded a low of $52.62 and closed the trading day at $53.32, in the green by 1.02%. The total traded volume for the day was 7,922,283. The stock had closed at $52.78 in the previous days trading.

NVIDIA Corporation (NVIDIA) is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The Company is engaged in creating NVIDIA-branded products and services, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming, Enterprise, High Performance Computing & Cloud, and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Companys GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers, learning and big-data analysts; and GRID for cloud-based visual computing users. The Companys Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.

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