Pandora A/S (OTCMKTS:PANDY) Sees Large Increase in Short Interest

Pandora A/S (OTCMKTS:PANDYGet Rating) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 61,700 shares, an increase of 374.6% from the April 30th total of 13,000 shares. Based on an average daily volume of 102,000 shares, the days-to-cover ratio is presently 0.6 days.

PANDY has been the topic of several research analyst reports. Kepler Capital Markets upgraded shares of Pandora A/S from a “hold” rating to a “buy” rating and boosted their price target for the stock from 950.00 to 1,050.00 in a research note on Thursday, February 10th. Morgan Stanley decreased their target price on shares of Pandora A/S from 780.00 to 710.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 12th. Royal Bank of Canada decreased their target price on shares of Pandora A/S from 710.00 to 680.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 11th. JPMorgan Chase & Co. decreased their target price on shares of Pandora A/S from 940.00 to 810.00 and set a “neutral” rating on the stock in a research report on Monday, April 11th. Finally, Nordea Equity Research cut shares of Pandora A/S from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $812.50.

OTCMKTS:PANDY traded up $0.42 during mid-day trading on Friday, hitting $19.00. 28,260 shares of the stock traded hands, compared to its average volume of 25,198. Pandora A/S has a 52 week low of $17.56 and a 52 week high of $36.14. The firm’s 50 day moving average is $21.88 and its two-hundred day moving average is $26.65.

The company also recently declared a dividend, which was paid on Tuesday, March 22nd. Investors of record on Monday, March 14th were issued a dividend of $0.4032 per share. The ex-dividend date of this dividend was Friday, March 11th. This represents a yield of 3.57%.

Pandora A/S Company Profile (Get Rating)

Pandora A/S designs, manufactures, and markets hand-finished and contemporary jewelry worldwide. The company's jewelry material includes silver and gold; gold and rose gold plated; man-made stones, natural stones, synthetic stones, pearls, and diamonds; as well as enamel, glass, leather, and textile products.

Featured Stories

Receive News & Ratings for Pandora A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora A/S and related companies with MarketBeat.com's FREE daily email newsletter.