PayPal Holdings (PYPL): Price Target and June Short Interest Disclosure

PayPal Holdings (PYPL) : Average target price received by PayPal Holdings (PYPL) is $43.12 with an expected standard deviation of $4.36. The most aggressive target on the stock is $50, whereas the most downbeat target is $32. 26 financial analysts are currently covering the stock.

PayPal Holdings (PYPL) has seen a shortfall of 1,915,458 shares or 8.2% in the short interest. The remaining shorts are 1.9% of the total floated shares. The net short interest, as on June 30,2016, stood at 21,482,485 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 9,893,005 shares. On June 15,2016, 23,397,943 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Stephens & Co. initiates coverage on PayPal Holdings (NASDAQ:PYPL). The rating major has initiated the coverage with overweight rating on the shares. The rating by the firm was issued on July 8, 2016.


PayPal Holdings (NASDAQ:PYPL): stock turned positive on Thursday. Though the stock opened at $39.69, the bulls momentum made the stock top out at $40.07 level for the day. The stock recorded a low of $39.4 and closed the trading day at $39.96, in the green by 1.73%. The total traded volume for the day was 9,683,504. The stock had closed at $39.28 in the previous days trading.

PayPal Holdings, Inc. (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions across its Payments Platform, including PayPal, PayPal Credit, Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card, or other stored value products such as coupons and gift cards.

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