Twilio Inc (TWLO) Short Interest Up 45.5% in August
Twilio Inc (NYSE:TWLO) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 4,183,715 shares, an increase of 45.5% from the August 15th total of 2,875,859 shares. Approximately 35.8% of the shares of the stock are sold short. Based on an average daily volume of 6,543,125 shares, the days-to-cover ratio is presently 0.6 days.
Twilio (NYSE:TWLO) opened at 61.70 on Thursday. Twilio has a one year low of $23.66 and a one year high of $66.40. The company’s market capitalization is $5.22 billion. The company’s 50-day moving average is $53.29 and its 200 day moving average is $46.32.
Several analysts have commented on TWLO shares. Vetr upgraded shares of Twilio from a “strong sell” rating to a “sell” rating and set a $50.09 price target on the stock in a research note on Thursday, September 15th. Argus assumed coverage on shares of Twilio in a report on Thursday, August 25th. They issued a “hold” rating on the stock. Goldman Sachs Group Inc. assumed coverage on shares of Twilio in a report on Monday, July 18th. They issued a “neutral” rating and a $33.00 target price on the stock. William Blair assumed coverage on shares of Twilio in a report on Monday, July 18th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Twilio in a report on Monday, July 18th. They issued a “neutral” rating and a $43.00 target price on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Twilio currently has an average rating of “Hold” and a consensus target price of $41.63.
Twilio Company Profile
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