United Technologies Corporation (UTX): Price Target and June Short Interest Disclosure

United Technologies Corporation (UTX) : The highest short term price target forecast on United Technologies Corporation (UTX) is $118 and the lowest target price is $74. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $108 with a standard deviation of $11.92.

United Technologies Corporation (UTX) has witnessed a drop of 34.7% or 4,388,226 shares in its short figure. The short interest diminution took it from 12,652,035 on June 15,2016 to 8,263,809 on June 30,2016. In terms of floated shares, the short interest was calculated to be 1%. The days to cover are 2 given that the daily volume averaged 4,870,144 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, RBC Capital downgrades its outlook on United Technologies Corporation (NYSE:UTX). The current rating of the shares is Sector Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on May 3, 2016.


United Technologies Corporation (NYSE:UTX): stock turned positive on Thursday. Though the stock opened at $105.98, the bulls momentum made the stock top out at $105.99 level for the day. The stock recorded a low of $104.94 and closed the trading day at $105.14, in the green by 0.05%. The total traded volume for the day was 3,307,876. The stock had closed at $105.09 in the previous days trading.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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