Apple Inc. (AAPL) Short Interest Update

Apple Inc. (NASDAQ:AAPL) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 72,751,656 shares, a decrease of 24.9% from the February 28th total of 96,832,513 shares. Based on an average trading volume of 27,347,457 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.5% of the company’s shares are sold short.

AAPL stock traded up $0.73 during trading on Friday, hitting $203.86. 24,195,766 shares of the company traded hands, compared to its average volume of 27,505,466. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79. The stock has a market cap of $1,002.00 billion, a P/E ratio of 17.12, a P/E/G ratio of 2.08 and a beta of 1.14. Apple has a 1 year low of $142.00 and a 1 year high of $233.47.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, beating the consensus estimate of $4.17 by $0.01. Apple had a return on equity of 50.92% and a net margin of 22.72%. The company had revenue of $84.31 billion for the quarter, compared to analyst estimates of $84.07 billion. On average, research analysts predict that Apple will post 11.41 earnings per share for the current fiscal year.

In other news, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the transaction, the director now owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luca Maestri sold 51,138 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $196.61, for a total value of $10,054,242.18. Following the transaction, the insider now directly owns 27,448 shares in the company, valued at approximately $5,396,551.28. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Semmax Financial Advisors Inc. purchased a new stake in Apple in the fourth quarter valued at $50,000. Portfolio Solutions LLC purchased a new stake in Apple in the fourth quarter valued at $76,000. Contravisory Investment Management Inc. raised its position in Apple by 30.6% in the fourth quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock valued at $97,000 after purchasing an additional 144 shares during the period. Truehand Inc purchased a new stake in Apple in the fourth quarter valued at $108,000. Finally, INR Advisory Services LLC purchased a new stake in shares of Apple in the 4th quarter valued at $124,000. 57.38% of the stock is currently owned by institutional investors.

AAPL has been the topic of a number of recent research reports. JPMorgan Chase & Co. set a $228.00 price objective on Apple and gave the company a “buy” rating in a research report on Wednesday, January 30th. Wedbush set a $275.00 price objective on Apple and gave the company a “buy aapl” rating in a research report on Monday, December 24th. Goldman Sachs Group set a $140.00 price objective on Apple and gave the company a “neutral” rating in a research report on Tuesday, February 12th. Bank of America raised Apple from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $210.00 in a research report on Monday, March 11th. They noted that the move was a valuation call. Finally, UBS Group reaffirmed a “buy” rating and set a $180.00 price objective on shares of Apple in a research report on Monday, January 14th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Apple currently has a consensus rating of “Hold” and an average price target of $202.45.

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Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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