TSX:STB.DB.A - Post by User
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slimjim11on Jan 14, 2016 2:48pm
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Post# 24459086
Shorts are covering, brokerage houses are recommending
Shorts are covering, brokerage houses are recommendingStudent Transportation Inc (STB) Sees Large Decrease in Short Interest December 29th, 2015 - By Faye Duncan - 0 comments Student Transportation (NASDAQ:STB) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,355,397 shares, a decrease of 23.6% from the November 30th total of 1,773,834 shares, Market Beat.com reports. Based on an average daily volume of 234,567 shares, the days-to-cover ratio is presently 5.8 days. Approximately 1.6% of the shares of the stock are short sold. A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Student Transportation from a hold rating to a buy rating and set a $4.75 target price on the stock in a research report on Wednesday, October 21st. Scotiabank restated a sector perform rating and set a $6.50 target price (down from $6.75) on shares of Student Transportation in a research report on Thursday, November 12th. https://www.financial-market-news.com/student-transportation-inc-stb-sees-large-decrease-in-short-interest/768377/