Will Tiffany & CO (NYSE:TIF) Run Out of Steam Soon? Short Interest is Up

June 12, 2018 - By Vivian Park

Tiffany & Co. (NYSE:TIF) Logo

The stock of Tiffany & CO (NYSE:TIF) registered an increase of 6.47% in short interest. TIF’s total short interest was 3.62M shares in June as published by FINRA. Its up 6.47% from 3.40M shares, reported previously. With 1.28 million shares average volume, it will take short sellers 3 days to cover their TIF’s short positions. The short interest to Tiffany & CO’s float is 2.94%.

The stock increased 1.10% or $1.47 during the last trading session, reaching $135.06. About 451,419 shares traded. Tiffany & Co. (NYSE:TIF) has risen 50.56% since June 12, 2017 and is uptrending. It has outperformed by 37.99% the S&P500.

Tiffany & Co., through its subsidiaries, designs, makes, and retails jewelry and other items worldwide. The company has market cap of $16.78 billion. The Company’s jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry. It has a 40.2 P/E ratio. The firm also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Among 14 analysts covering Tiffany & Co (NYSE:TIF), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Tiffany & Co had 23 analyst reports since December 14, 2017 according to SRatingsIntel. Cowen & Co maintained Tiffany & Co. (NYSE:TIF) rating on Wednesday, January 17. Cowen & Co has “Buy” rating and $125.0 target. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, May 24. The stock has “Buy” rating by Oppenheimer on Friday, May 18. As per Wednesday, January 17, the company rating was maintained by Wells Fargo. The stock of Tiffany & Co. (NYSE:TIF) has “Buy” rating given on Wednesday, January 17 by Guggenheim. The rating was maintained by Susquehanna with “Hold” on Wednesday, January 17. As per Thursday, April 5, the company rating was upgraded by Loop Capital. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, May 24. On Thursday, January 11 the stock rating was maintained by Wells Fargo with “Hold”. The company was maintained on Thursday, May 24 by Credit Suisse.

More notable recent Tiffany & Co. (NYSE:TIF) news were published by: Seekingalpha.com which released: “Tiffany: Still A Long-Term Buy” on May 31, 2018, also Seekingalpha.com with their article: “Tiffany: Go Buy Yourself Something Nice” published on May 25, 2018, Seekingalpha.com published: “Tiffany earnings preview” on May 22, 2018. More interesting news about Tiffany & Co. (NYSE:TIF) were released by: Seekingalpha.com and their article: “Tiffany & Co: Overvalued Since 2018” published on May 22, 2018 as well as 247Wallst.com‘s news article titled: “How Tiffany Blew Out Its Q1” with publication date: May 23, 2018.

Tiffany & Co. (NYSE:TIF) Ratings Chart

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