What’s Propelling First Data Corporation Class A (NYSE:FDC) After Higher Shorts Reported?

April 17, 2018 - By Vivian Currie

The stock of First Data Corporation Class A (NYSE:FDC) registered an increase of 7% in short interest. FDC’s total short interest was 46.51M shares in April as published by FINRA. Its up 7% from 43.47M shares, reported previously. With 8.74 million shares average volume, it will take short sellers 5 days to cover their FDC’s short positions. The short interest to First Data Corporation Class A’s float is 10.03%.

The stock increased 0.72% or $0.11 during the last trading session, reaching $15.32. About 1.74M shares traded. First Data Corporation (NYSE:FDC) has risen 5.34% since April 17, 2017 and is uptrending. It has underperformed by 6.21% the S&P500.

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. The company has market cap of $14.23 billion. It operates through three divisions: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. It has a 9.82 P/E ratio. The Global Business Solutions segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services and Webstore-in-a-box solutions, as well as its cloud Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

First Data Corporation (NYSE:FDC) Ratings Coverage

Among 9 analysts covering First Data Corp (NYSE:FDC), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. First Data Corp had 9 analyst reports since October 18, 2017 according to SRatingsIntel. Piper Jaffray maintained First Data Corporation (NYSE:FDC) rating on Friday, October 20. Piper Jaffray has “Buy” rating and $23.0 target. The stock of First Data Corporation (NYSE:FDC) has “Hold” rating given on Monday, November 13 by Robert W. Baird. The stock of First Data Corporation (NYSE:FDC) has “Outperform” rating given on Monday, November 20 by BMO Capital Markets. As per Wednesday, November 1, the company rating was maintained by Nomura. On Thursday, October 26 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. BTIG Research maintained First Data Corporation (NYSE:FDC) on Monday, October 30 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $20.0 target in Thursday, October 19 report. As per Friday, October 20, the company rating was upgraded by Wedbush. The rating was maintained by SunTrust with “Buy” on Wednesday, October 18.

First Data Corporation (NYSE:FDC) Ratings Chart

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