Short Interest in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Rises By 31.8%

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 9,040,000 shares, an increase of 31.8% from the February 29th total of 6,860,000 shares. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is presently 5.5 days.

Take-Two Interactive Software Trading Up 1.1 %

Shares of TTWO opened at $148.49 on Friday. The firm has a market cap of $25.33 billion, a price-to-earnings ratio of -17.31, a PEG ratio of 6.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. Take-Two Interactive Software has a fifty-two week low of $115.30 and a fifty-two week high of $171.59. The firm has a 50 day moving average price of $153.84 and a 200-day moving average price of $151.32.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, equities research analysts forecast that Take-Two Interactive Software will post 0.87 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 260 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TTWO. CVA Family Office LLC purchased a new position in Take-Two Interactive Software during the 4th quarter valued at $25,000. MCF Advisors LLC increased its position in Take-Two Interactive Software by 1,677.8% during the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in Take-Two Interactive Software during the 4th quarter valued at $26,000. Pin Oak Investment Advisors Inc. increased its position in Take-Two Interactive Software by 485.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after purchasing an additional 136 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after purchasing an additional 93 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the topic of several research analyst reports. Bank of America lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research note on Thursday, December 7th. Wells Fargo & Company raised their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Moffett Nathanson lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and dropped their price target for the company from $169.00 to $167.00 in a research report on Monday, February 5th. BMO Capital Markets started coverage on shares of Take-Two Interactive Software in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target on the stock. Finally, Wedbush reissued an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average target price of $172.50.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.