Owens & Minor (OMI): Price Target and June Short Interest Disclosure

Owens & Minor (OMI) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $36 and the lowest price target forecast is $29. The average forecast of all the analysts is $34 and the expected standard deviation is $2.9.

Owens & Minor (OMI), According to the latest information the short interest in Owens & Minor Holding plummeted by 4.6% or 405,733 shares. The final shorts are 13.7% of the total floated shares. The positions dropped from 8,852,081 shares on June 15,2016 to 8,446,348 on June 30,2016. According to the per-day average trading of 765,959 shares, the days to cover are 11. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Owens & Minor (NYSE:OMI): On Thursdays trading session , Opening price of the stock was $37.7 with an intraday high of $37.7. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $35.91. However, the stock managed to close at $35.95, a loss of 4.89% for the day. On the previous day, the stock had closed at $37.8. The total traded volume of the day was 1,982,368 shares.

Owens & Minor, Inc. is a healthcare logistics company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company operates in two segments: Domestic and International. Domestic segment includes all functions in the United States relating to its role as a healthcare logistics company providing distribution, packaging and logistics services to healthcare providers and manufacturers. International segment consists of its European third-party logistics and packaging businesses. It is focused on its operations on healthcare logistics services and provides its customers with a service portfolio that covers procurement, inventory management, delivery and sourcing of products for the healthcare market. Its customers include hospitals, integrated healthcare systems, group purchasing organizations, manufacturers of life-science and medical devices and supplies, including pharmaceuticals.

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