Reynolds American Inc (RAI): Price Target and June Short Interest Disclosure

Reynolds American Inc (RAI) : The highest level Reynolds American Inc (RAI) is projected to reach is $61 for the short term and the lowest estimate is at $48. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $54.83 and the possibility the share price can swing is $4.54.

The short interest in Reynolds American Inc (RAI) has increased from 13,648,851 on June 15,2016 to 14,005,957 on June 30,2016. The change was measured at 357,106 shares or 2.6%. The leftover shorts were 1.7% of the floated shares. The days to cover are 3, given the average daily volume of 4,744,631 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Berenberg initiates coverage on Reynolds American Inc (NYSE:RAI) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on June 14, 2016.


Reynolds American Inc (NYSE:RAI): On Thursdays trading session , Opening price of the stock was $52.34 with an intraday high of $52.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.02. However, the stock managed to close at $52.37, a loss of 0.04% for the day. On the previous day, the stock had closed at $52.39. The total traded volume of the day was 3,242,946 shares.

Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Companys wholly owned subsidiaries include R. J. Reynolds Tobacco Company, American Snuff Company, LLC (American Snuff Co.), Lorillard, Inc., Santa Fe Natural Tobacco Company, Inc. (SFNTC), R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.

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