Seagate Technology. (STX): Price Target and June Short Interest Disclosure

Seagate Technology. (STX) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $45 and the lowest price target forecast is $15. The average forecast of all the analysts is $27.22 and the expected standard deviation is $5.83.

Seagate Technology. (STX) encountered a rise of 4.3% or 1,369,519 shares in the short positions. The number escalated from 32,004,900 on June 15,2016 to 33,374,419 on June 30,2016. The final interest is 11.3% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 5,926,056 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Jefferies maintains its view on Seagate Technology. (NASDAQ:STX) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Jefferies raises the price target from $25 per share to $26 per share on Seagate Technology.. The rating by the firm was issued on June 2, 2016.


Seagate Technology. (NASDAQ:STX): On Thursdays trading session , Opening price of the stock was $30.03 with an intraday high of $30.29. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.04. However, the stock managed to close at $29.19, a loss of 2.15% for the day. On the previous day, the stock had closed at $29.83. The total traded volume of the day was 7,786,522 shares.

Seagate Technology plc (Seagate) is a provider of electronic data storage products. The Companys products are hard disk drives (HDD). The Company produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers. The Companys products are designed for enterprise servers and storage systems for applications, client compute applications and client non-compute applications. The Companys product and solution portfolio for the enterprise data storage industry includes storage enclosures, integrated application platforms and high performance computing (HPC) data storage solutions. Its data storage services provide online backup, data protection and recovery solutions for small to medium-sized businesses. Its products include Enterprise Performance HDDs, Mobile HDDs and SSHDs, NAS HDDs, and Surveillance HDDs, among others.

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