Does Tiffany & CO (NYSE:TIF) Have Gas After Even Less Sellers Involved?

April 16, 2018 - By Louis Casey

Tiffany & Co. (NYSE:TIF) Logo

The stock of Tiffany & CO (NYSE:TIF) registered a decrease of 9.92% in short interest. TIF’s total short interest was 4.07 million shares in April as published by FINRA. Its down 9.92% from 4.52M shares, reported previously. With 1.38M shares average volume, it will take short sellers 3 days to cover their TIF’s short positions. The short interest to Tiffany & CO’s float is 3.31%.

The stock increased 1.01% or $1 during the last trading session, reaching $100.02. About 764,697 shares traded. Tiffany & Co. (NYSE:TIF) has risen 1.55% since April 16, 2017 and is uptrending. It has underperformed by 10.00% the S&P500.

Tiffany & Co., through its subsidiaries, designs, makes, and retails jewelry and other items worldwide. The company has market cap of $12.45 billion. The Company’s jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry. It has a 33.79 P/E ratio. The firm also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Among 14 analysts covering Tiffany & Co (NYSE:TIF), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Tiffany & Co had 21 analyst reports since October 18, 2017 according to SRatingsIntel. As per Thursday, December 14, the company rating was upgraded by Citigroup. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, December 1. Guggenheim maintained the shares of TIF in report on Wednesday, January 17 with “Buy” rating. The company was maintained on Sunday, March 18 by Cowen & Co. KeyBanc Capital Markets maintained the stock with “Hold” rating in Tuesday, November 21 report. The stock has “Hold” rating by Wells Fargo on Wednesday, January 17. RBC Capital Markets maintained Tiffany & Co. (NYSE:TIF) on Wednesday, November 29 with “Hold” rating. The stock of Tiffany & Co. (NYSE:TIF) earned “Hold” rating by Susquehanna on Wednesday, January 17. J.P. Morgan initiated Tiffany & Co. (NYSE:TIF) rating on Monday, December 18. J.P. Morgan has “Hold” rating and $103.0 target. The firm has “Buy” rating by Loop Capital given on Thursday, April 5.

Tiffany & Co. (NYSE:TIF) Ratings Chart

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