Weatherford International plc (WFT): Price Target and June Short Interest Disclosure

Weatherford International plc (WFT) has been rated by 21 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $4. The average forecast of all the analysts is $7.67 and the expected standard deviation is $2.12.

Weatherford International plc (WFT), According to the latest information the short interest in Weatherford International plc plummeted by 10.7% or 7,225,128 shares. The final shorts are 6.8% of the total floated shares. The positions dropped from 67,731,978 shares on June 15,2016 to 60,506,850 on June 30,2016. According to the per-day average trading of 17,364,656 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Imperial Capital initiates coverage on Weatherford International plc (NYSE:WFT) The brokerage firm has issued a In-line rating on the shares. The Analysts at the ratings agency announces the price target to $7 per share. The rating by the firm was issued on June 24, 2016.


Weatherford International plc (NYSE:WFT): stock turned positive on Thursday. Though the stock opened at $5.99, the bulls momentum made the stock top out at $6.1 level for the day. The stock recorded a low of $5.91 and closed the trading day at $5.98, in the green by 1.87%. The total traded volume for the day was 13,864,278. The stock had closed at $5.87 in the previous days trading.

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