Timken Co (NYSE:TKR) Short Interest Update
Timken Co (NYSE:TKR) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,400,000 shares, an increase of 20.7% from the December 15th total of 1,160,000 shares. Based on an average daily trading volume, of 575,900 shares, the short-interest ratio is presently 2.4 days. Approximately 2.1% of the shares of the company are short sold.
Several analysts recently issued reports on TKR shares. Bank of America raised Timken from an “underperform” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, January 7th. KeyCorp raised their price target on Timken from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. ValuEngine raised Timken fro ...