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Shares of Symantec (NASDAQ:SYMC) were the target of a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 12,617,377 shares, an increase of 9.9% from the May 15th total of 11,476,579 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 7,359,161 shares, the short-interest ratio is currently 1.7 days. Approximately 1.8% of the company’s shares are short sold.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Symantec in a research note on Tuesday, May 13th. They now have a $22.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “sell” rating on shares of Symantec in a research note on Friday, May 9th. Finally, analysts at RBC Capital raised their price target on shares of Symantec from $23.00 to $25.00 in a research note on Friday, May 9th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.27.

Symantec (NASDAQ:SYMC) opened at 21.70 on Monday. Symantec has a one year low of $17.95 and a one year high of $27.10. The stock’s 50-day moving average is $21.31 and its 200-day moving average is $21.49. The company has a market cap of $15.010 billion and a price-to-earnings ratio of 16.64.

Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.05. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company posted $0.44 earnings per share. Symantec’s revenue was down 5.6% compared to the same quarter last year. Analysts expect that Symantec will post $1.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, June 6th.

Symantec Corporation is a security, backup and availability solutions. The Company’s products and services protect people and information in any digital environment from the smallest mobile device, to the enterprise data center, to cloud-based systems.

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