What’s Ahead for Abb Limited Zuerich (NYSE:ABB) After More Shorted Shares?

June 20, 2017 - By Vivian Currie

 What’s Ahead for Abb Limited Zuerich (NYSE:ABB) After More Shorted Shares?

The stock of Abb Limited Zuerich (NYSE:ABB) registered an increase of 15.87% in short interest. ABB’s total short interest was 5.73 million shares in June as published by FINRA. Its up 15.87% from 4.95M shares, reported previously. With 2.01M shares average volume, it will take short sellers 3 days to cover their ABB’s short positions. The short interest to Abb Limited Zuerich’s float is 0.32%.

About 16,000 shares traded. ABB Ltd (ADR) (NYSE:ABB) has risen 23.97% since June 20, 2016 and is uptrending. It has outperformed by 7.27% the S&P500.

ABB Ltd is a holding company. The Company’s divisions include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. The company has market cap of $56.97 billion. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It has a 25.95 P/E ratio. It is engaged in serving clients in utilities, industry and transport and infrastructure.

ABB Ltd (ADR) (NYSE:ABB) Ratings Coverage

Among 14 analysts covering ABB Ltd (NYSE:ABB), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. ABB Ltd has $25 highest and $18 lowest target. $22.33’s average target is -12.12% below currents $25.41 stock price. ABB Ltd had 27 analyst reports since August 21, 2015 according to SRatingsIntel. Jefferies maintained ABB Ltd (ADR) (NYSE:ABB) rating on Wednesday, April 5. Jefferies has “Sell” rating and $18 target. The rating was downgraded by Jefferies to “Underperform” on Tuesday, December 13. On Thursday, January 26 the stock rating was upgraded by Nordea to “Buy”. The firm earned “Buy” rating on Friday, April 28 by Morgan Stanley. RBC Capital Markets upgraded ABB Ltd (ADR) (NYSE:ABB) on Wednesday, January 25 to “Outperform” rating. The firm has “Neutral” rating by UBS given on Friday, January 22. The company was upgraded on Thursday, September 1 by BNP Paribas. The firm has “Buy” rating by Morgan Stanley given on Friday, March 24. Robert W. Baird upgraded ABB Ltd (ADR) (NYSE:ABB) on Monday, December 12 to “Outperform” rating. BNP Paribas downgraded ABB Ltd (ADR) (NYSE:ABB) on Tuesday, May 23 to “Neutral” rating.

More notable recent ABB Ltd (ADR) (NYSE:ABB) news were published by: Fool.com which released: “Forget ABB Ltd. (ADR) and Check Out This German Robot Maker” on May 21, 2014, also Seekingalpha.com with their article: “ABB: The Worst Is Behind But The Future Is Overvalued” published on May 10, 2017, Fool.com published: “Is ABB Ltd (ADR) Destined for Greatness?” on June 10, 2014. More interesting news about ABB Ltd (ADR) (NYSE:ABB) were released by: Finance.Yahoo.com and their article: “ABB Ltd. (ABB) Q2 Earnings Improve, Revenues Down Y/Y” published on July 21, 2016 as well as Marketwatch.com‘s news article titled: “25.52” with publication date: July 23, 2009.

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