SHORT INTEREST IN HP INC. (HPQ) DECLINES BY 17.0%


HP inc provides solutions, products, technologies, services and software to small, medium, and large enterprises to various sectors like education, health, government and printing segments. During the month of April, HP Inc was the target of a massive decrease in short interest. A reduction of 17.0% summing to 17,115,943 shares was marked as of April 15. The shares of the stocks are short sold by 1.1% approximately.

Based on the average of day to day trading volume, the ratio is 1.5 days for 11,120,117 shares currently. Recently on March 18, Dion J. Weisler, CEO sold 36,799 shares of the company’s stock during a transaction. The stocks were sold for a total transaction of $735,980.00 at an average cost of $20.00. Corporate Insiders owned 0.25% of the stocks. A huge number of institutional investors have purchased and sold shares of the business. During the first quarter, Eagle Asset Management Inc. raised its stake in shares by 1.9% for HP and now owns 225,424 shares. Moors & Cabot Inc increased its dividends by 104.4% of HP and owned 32,302 shares.

Hedge funds and other institutional investors also own 81.22% of the HP Inc. shares. The HP Stock started at $19.93 and has a market capitalization of $30.53 billion, and a PTE (Price-to-earnings) ratio of 9.87. Many analysts recently analyzed the HPQ shares. Two analysts have given a sell rating, nine have given a buy rating, and seven have given hold rating for the HPQ shares. In a recent report, ValueEngine downgraded the rating from hold to sell rating and assigned a $19.00 price rating.

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