Pandora necklace

Short-term interest for Pandora A/S (OTCMKTS:PANDY) drops by 36.0%

Pandora A/S (OTCMKTS: PANDYGet a rating) saw a sharp decline in short-term interest in May. As of May 31, there was short interest totaling 39,500 shares, a decrease of 36.0% from the May 15 total of 61,700 shares. Based on an average daily volume of 82,600 shares, the day-to-cover ratio is currently 0.5 days.

A number of equity research analysts have published reports on the stock. Morgan Stanley lowered its price target on shares of Pandora A/S from 780.00 to 710.00 and set an “equal weight” rating on the stock in a Thursday, May 12 report. Royal Bank of Canada lowered its price target on Pandora A/S shares from 710.00 to 680.00 and set an “industry performance” rating for the company in a Wednesday May 11 research report . JPMorgan Chase & Co. cut its price target on Pandora A/S shares from 940.00 to 810.00 and set a “neutral” rating for the company in a Monday, April 11 research report. Finally, Nordea Equity Research downgraded shares of Pandora A/S from a “buy” rating to a “hold” rating in a Thursday, May 5 research report. Four equity research analysts gave the stock a hold rating and two gave the stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $812.50.

Shares of OTCMKTS: PANDY traded down $0.78 during Tuesday’s trading, hitting $17.28. 31,479 shares of the stock are trading in the hands, compared to its average volume of 27,080. Pandora A/S has a 52-week low of $17.28 and a 52-week high of $36.14 . The stock has a 50-day moving average of $20.74 and a 200-day moving average of $25.23.

Pandora A/S (OTCMKTS: PANDYGet a rating) last released its quarterly results on Wednesday, May 4. The company reported earnings per share of $0.39 for the quarter. The company had revenue of $857.88 million for the quarter.

Pandora A/S Company Profile (Get a rating)

Pandora A/S designs, manufactures and markets hand-finished, contemporary jewelry worldwide. The Company’s jewelry materials include silver and gold; gold and rose gold plated; synthetic stones, natural stones, synthetic stones, pearls and diamonds; as well as enamel, glass, leather and textile products.

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