Short Interest in FedEx Freight Hldg Co (NYSE:FDXF) Grows By 1,552,738.8%

FedEx Freight Hldg Co (NYSE:FDXF) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 2,158,446 shares, a growth of 1,552,738.8% from the May 31st total of 139 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 3,112,413 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FDXF shares. Wolfe Research assumed coverage on FedEx Freight in a research report on Thursday, June 4th. They set an “outperform” rating and a $180.00 target price on the stock. Truist Financial began coverage on FedEx Freight in a report on Tuesday, June 2nd. They issued a “hold” rating for the company. Wall Street Zen upgraded FedEx Freight to a “hold” rating in a research note on Saturday, June 6th. Zacks Research raised FedEx Freight to a “hold” rating in a report on Tuesday, June 2nd. Finally, Raymond James Financial assumed coverage on FedEx Freight in a research report on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, FedEx Freight presently has an average rating of “Moderate Buy” and a consensus target price of $178.83.

FedEx Freight Price Performance

FDXF stock traded down $2.40 during trading on Thursday, reaching $158.05. 1,215,380 shares of the company were exchanged, compared to its average volume of 2,436,410. FedEx Freight has a 52-week low of $141.33 and a 52-week high of $194.27.

FedEx Freight (NYSE:FDXF) last issued its earnings results on Thursday, June 25th. The company reported $999.00 earnings per share (EPS) for the quarter.

FedEx Freight Company Profile

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.