It Seems Tiffany & CO (NYSE:TIF) Will Go Down. Just Reported More Shorted Shares

July 14, 2018 - By Adrian Erickson

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 3.62 million shares in July as published by FINRA. Its up 6.47% from 3.40M shares, reported previously. With 1.28M 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 0.37% or $0.49 during the last trading session, reaching $132.25. About 819,237 shares traded. Tiffany & Co. (NYSE:TIF) has risen 50.56% since July 14, 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 $16.43 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 39.36 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 22 analyst reports since January 17, 2018 according to SRatingsIntel. The stock of Tiffany & Co. (NYSE:TIF) earned “Buy” rating by Cowen & Co on Wednesday, January 17. The company was maintained on Wednesday, January 17 by Guggenheim. The firm earned “Equal-Weight” rating on Monday, March 19 by Morgan Stanley. The firm has “Hold” rating by Edward Jones given on Thursday, June 21. Credit Suisse maintained Tiffany & Co. (NYSE:TIF) on Thursday, May 24 with “Buy” rating. Cowen & Co maintained Tiffany & Co. (NYSE:TIF) on Wednesday, May 23 with “Buy” rating. The firm has “Overweight” rating given on Thursday, May 24 by KeyBanc Capital Markets. Oppenheimer maintained Tiffany & Co. (NYSE:TIF) on Friday, May 4 with “Buy” rating. Loop Capital upgraded the stock to “Buy” rating in Thursday, April 5 report. The company was maintained on Wednesday, January 17 by Wells Fargo.

More news for Tiffany & Co. (NYSE:TIF) were recently published by: Livetradingnews.com, which released: “Many US Industries Will Thrive During Trade Tensions” on July 13, 2018. Streetinsider.com‘s article titled: “Some US industries could thrive amid trade tensions: Cowen” and published on July 13, 2018 is yet another important article.

Tiffany & Co. (NYSE:TIF) Ratings Chart

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