Short Interest in Avaya Holdings (AVYA) Expands By 168.2%
Avaya Holdings (NYSE:AVYA) saw a large increase in short interest during the month of March. As of March 29th, there was short interest totalling 3,735,245 shares, an increase of 168.2% from the March 15th total of 1,392,674 shares. Based on an average trading volume of 2,355,536 shares, the short-interest ratio is currently 1.6 days.
AVYA stock opened at $23.00 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.15 and a debt-to-equity ratio of 1.54. Avaya has a 12 month low of $15.63 and a 12 month high of $23.76.
A number of analysts have commented on AVYA shares. Zacks Investment Research upgraded shares of Avaya from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, April 5th. BWS Financial started coverage on shares of Avaya in a report on Thursday, February 22nd. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Northland Securities started coverage on shares of Avaya in a report on Friday, February 2nd. They issued an “outperform” rating and a $28.00 price objective for the company.
Avaya Holdings Corp. operates as a holding company which through its subsidiary, develops business collaboration and communications solutions worldwide. The company was formerly known as Sierra Holdings Corp. The company was incorporated in 2007 and is based in Santa Clara, California. On January 19, 2017, Avaya Holdings Corp.
Receive News & Ratings for Avaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avaya and related companies with MarketBeat.com's FREE daily email newsletter.