InterXion Holding NV (NYSE:INXN) close to 52-week high, short interest dropping

InterXion Holding NV (NYSE:INXN) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $30.58, up by 2.89%, with a volume of 611,729 shares against an average volume for the last 3 months of 531,489.

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InterXion Holding NV (NYSE:INXN) is currently trading 7.78% below its 52-week-high, 24.66% above its 52-week-low. The 1-year range for the stock is $24.53 – $33.16. InterXion Holding NV (INXN) has a price to earnings ratio of 66.91 versus Technology sector average of 17.8. INXN stock price has outperformed the S&P 500 by 8.2%. The Computer Software company is currently valued at $2.26 billion and its share price closed the last trading session at $30.58. The stock has a 50-day moving average of $30.2 and a 200-day moving average of $28.99.

InterXion Holding NV (INXN) current short interest stands at 0.35 million shares. It has decreased by 15% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.49 million shares, the number of days required to cover the short positions stand at 0.8 day.

INXN reported last quarter earnings on May 07. The Computer Software company announced earnings per share of $0.2 against a consensus Street estimate of $0.14, beating the average estimate by $0.06. This corresponds to a decrease of $0.01 compared to the same quarter of the previous fiscal year.

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There are currently ten analysts that cover INXN stock. Of those ten, two have a Buy rating, eight have a Hold rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $32.6.

A recent analyst activity consisted of Stifel Nicolaus upgrading their Hold rating to Buy on May 26. On the date of report, the stock closed at $30.58.

Citigroup reiterated their Neutral stance on May 8, and decreased their price target from $36 to $34. This corresponds to a 11.18% upside from the last closing price. On the date of report, the stock closed at $29.55.

Another research firm was Raymond James who downgraded their Outperform rating to Market Perform on March 13. Raymond James fixed their price target at $31. This translates to a 1.37% upside from the last closing price. On the date of report, the stock closed at $29.8.

Company profile

InterXion Holding NV operates as a holding company. The Company, through its subsidiaries, provides colocation services, equipment housing, connectivity services, managed services, and performance management.

InterXion Holding NV (NYSE:INXN) close to 52-week high, short interest dropping was last modified: May 27th, 2015 by Jason Seligman