Oracle Corporation (NYSE:ORCL) Short Interest Up 14.7% in October

Oracle Corporation (NYSE:ORCL) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 29,364,653 shares, an increase of 14.7% from the October 13th total of 25,600,264 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 14,130,873 shares, the days-to-cover ratio is currently 2.1 days.

Several analysts have issued reports on ORCL shares. Vetr lowered shares of Oracle from a “sell” rating to a “strong sell” rating and set a $46.58 price target on the stock. in a research report on Tuesday, September 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of Oracle in a research report on Monday, September 11th. Canaccord Genuity started coverage on shares of Oracle in a research report on Friday, October 6th. They set a “buy” rating and a $57.00 price target on the stock. BTIG Research reiterated a “buy” rating and issued a $58.00 price objective on shares of Oracle in a report on Tuesday, September 19th. Finally, Moffett Nathanson started coverage on shares of Oracle in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.85.

Shares of Oracle (NYSE:ORCL) traded down $0.41 during midday trading on Tuesday, reaching $47.99. 17,858,392 shares of the company were exchanged, compared to its average volume of 13,261,192. The company has a market cap of $207,046.64, a price-to-earnings ratio of 19.45, a PEG ratio of 1.89 and a beta of 1.05. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle has a 1-year low of $38.30 and a 1-year high of $53.14.

Oracle (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. analysts predict that Oracle will post 2.68 EPS for the current year.

In other Oracle news, Director Jeffrey Berg sold 45,000 shares of Oracle stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock valued at $14,821,999. Corporate insiders own 29.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC grew its position in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors grew its position in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Oracle by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares during the period. Wealthcare Advisory Partners LLC grew its position in Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the period. Finally, TrimTabs Asset Management LLC grew its position in Oracle by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares during the period. 57.70% of the stock is owned by institutional investors and hedge funds.

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About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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