Tintri, Inc. (NASDAQ:TNTR) saw a significant growth in short interest during the month of September. As of September 29th, there was short interest totalling 1,161,693 shares, a growth of 92.3% from the September 15th total of 604,161 shares. Currently, 12.8% of the company’s stock are sold short. Based on an average daily volume of 812,901 shares, the short-interest ratio is presently 1.4 days.

Several equities analysts have issued reports on TNTR shares. Piper Jaffray Companies started coverage on Tintri in a research note on Tuesday, July 25th. They issued a “neutral” rating and a $8.50 target price on the stock. William Blair started coverage on Tintri in a research note on Tuesday, July 25th. They issued an “outperform” rating on the stock. KeyCorp started coverage on Tintri in a research note on Tuesday, July 25th. They issued an “overweight” rating and a $9.00 target price on the stock. Bank of America Corporation started coverage on Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Needham & Company LLC started coverage on Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $15.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Tintri currently has a consensus rating of “Hold” and a consensus price target of $8.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empyrean Capital Partners LP purchased a new position in shares of Tintri in the 2nd quarter valued at about $6,180,000. Goldman Sachs Group Inc. purchased a new position in shares of Tintri in the 2nd quarter valued at about $619,000. UBS Oconnor LLC purchased a new position in shares of Tintri in the 2nd quarter valued at about $1,454,000. Laurion Capital Management LP purchased a new position in shares of Tintri in the 2nd quarter valued at about $2,181,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Tintri in the 2nd quarter valued at about $4,725,000. Institutional investors and hedge funds own 50.56% of the company’s stock.

Tintri (TNTR) opened at 3.01 on Wednesday. The stock’s market cap is $94.29 million. The firm has a 50-day moving average price of $4.16 and a 200 day moving average price of $5.44. Tintri has a 1-year low of $2.85 and a 1-year high of $7.75.

Tintri (NASDAQ:TNTR) last issued its quarterly earnings results on Thursday, September 7th. The company reported ($2.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.97) by ($0.08). The business had revenue of $34.87 million during the quarter, compared to the consensus estimate of $35.68 million. The company’s quarterly revenue was up 26.5% on a year-over-year basis. On average, equities research analysts anticipate that Tintri will post ($3.48) EPS for the current fiscal year.

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Tintri Company Profile

Tintri, Inc is a United States-based company. The Company is engaged in the business of storage management solutions. The Company offers a range of products, including Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center (TGC), Tintri Analytics, Tintri Storage Software. The Company’s solutions include cloud, desktops, database system and servers, Data protection and disaster recovery and DevOps.

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