Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Sees Significant Decline in Short Interest

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 37,153 shares, a decrease of 59.2% from the May 31st total of 90,958 shares. Based on an average trading volume of 38,837 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

PSHZF has been the topic of a number of research reports. UBS Group set a $40.00 target price on shares of Pershing Square in a research report on Tuesday, May 26th. Jefferies Financial Group raised shares of Pershing Square to a “hold” rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada started coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They issued a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Pershing Square Trading Down 1.1%

Pershing Square stock traded down $0.56 during trading hours on Tuesday, hitting $48.95. The stock had a trading volume of 47,767 shares, compared to its average volume of 22,967. The company has a 50-day moving average of $54.16 and a two-hundred day moving average of $57.91. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24. Pershing Square has a fifty-two week low of $48.12 and a fifty-two week high of $68.25.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.