Short Interest in FireEye, Inc. (NASDAQ:FEYE) Drops By 10.2%
FireEye, Inc. (NASDAQ:FEYE) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 29,886,519 shares, a decrease of 10.2% from the June 15th total of 33,273,350 shares. Based on an average trading volume of 5,180,656 shares, the short-interest ratio is currently 5.8 days. Approximately 17.8% of the company’s stock are short sold.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its position in FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock valued at $100,000 after buying an additional 2,147 shares during the last quarter. Searle & CO. purchased a new position in FireEye during the fourth quarter valued at $129,000. Sigma Planning Corp purchased a new position in FireEye during the first quarter valued at $132,000. US Bancorp DE boosted its position in FireEye by 271.0% in the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock valued at $135,000 after buying an additional 7,788 shares during the last quarter. Finally, TRUE Private Wealth Advisors boosted its position in FireEye by 13.8% in the first quarter. TRUE Private Wealth Advisors now owns 11,520 shares of the information security company’s stock valued at $142,000 after buying an additional 1,400 shares during the last quarter. 67.25% of the stock is currently owned by hedge funds and other institutional investors.
FireEye (NASDAQ FEYE) opened at 15.49 on Friday. FireEye has a 12 month low of $10.35 and a 12 month high of $18.42. The stock has a 50 day moving average price of $15.25 and a 200 day moving average price of $13.02. The stock’s market capitalization is $2.76 billion.
Several brokerages have issued reports on FEYE. Susquehanna Bancshares Inc began coverage on FireEye in a report on Wednesday, June 7th. They issued a “neutral” rating and a $17.00 price target on the stock. Vetr lowered FireEye from a “strong-buy” rating to a “buy” rating and set a $17.31 price target on the stock. in a report on Thursday, June 22nd. ValuEngine lowered FireEye from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered FireEye from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.53.
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FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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