Staples (SPLS): Price Target and June Short Interest Disclosure

Staples (SPLS) : The most positive equity analysts on Staples (SPLS) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $10.81 with an expected fluctuation of $4.19 from the mean.

Staples (SPLS), According to the latest information the short interest in Staples, Inc. plummeted by 23.5% or 6,262,101 shares. The final shorts are 3.2% of the total floated shares. The positions dropped from 26,623,830 shares on June 15,2016 to 20,361,729 on June 30,2016. According to the per-day average trading of 9,194,218 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Bank of America upgrades the rating on Staples (NASDAQ:SPLS). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on May 23, 2016.


Staples (NASDAQ:SPLS): stock turned positive on Thursday. Though the stock opened at $9.17, the bulls momentum made the stock top out at $9.28 level for the day. The stock recorded a low of $9.07 and closed the trading day at $9.12, in the green by 0.66%. The total traded volume for the day was 4,914,870. The stock had closed at $9.06 in the previous days trading.

Staples, Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products, such as Websites and mobile platforms, retail and online shopping and a range of copy and print and technology services. It operates in three business segments: North American Stores & Online, North American Commercial and International Operations. The North American Stores & Online segment includes its retail stores and businesses in the United States and Canada. The North American Commercial segment consists of the United States and Canadian businesses that sell and deliver products and services directly to businesses, including Staples Advantage and The International Operations segment consists of businesses in around 23 countries in Europe, Australia, South America and Asia. It serves businesses in North America, Europe, Australia, South America and Asia. Its delivery business offers online order placing.

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