Short Interest in Take-Two Interactive Software, Inc. (TTWO) Declines By 33.4%

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) saw a significant decrease in short interest in October. As of October 13th, there was short interest totalling 2,573,768 shares, a decrease of 33.4% from the September 29th total of 3,864,000 shares. Based on an average daily volume of 1,579,749 shares, the short-interest ratio is presently 1.6 days. Approximately 2.5% of the shares of the stock are sold short.

Take-Two Interactive Software (NASDAQ:TTWO) traded up $0.52 during midday trading on Friday, reaching $115.68. 2,089,700 shares of the company’s stock were exchanged, compared to its average volume of 1,881,745. The company has a market cap of $13,134.36, a P/E ratio of 44.98, a price-to-earnings-growth ratio of 4.89 and a beta of 0.82. Take-Two Interactive Software has a 12-month low of $46.05 and a 12-month high of $120.62. The company has a quick ratio of 1.43, a current ratio of 1.33 and a debt-to-equity ratio of 0.04.

Several analysts have issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $140.00 price target (up previously from $3.00) on shares of Take-Two Interactive Software in a report on Wednesday. Bank of America Corporation boosted their price objective on shares of Take-Two Interactive Software from $106.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush reissued a “neutral” rating and issued a $95.00 price objective (up previously from $66.00) on shares of Take-Two Interactive Software in a research report on Wednesday. Benchmark Co. boosted their price objective on shares of Take-Two Interactive Software from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, MKM Partners reaffirmed a “buy” rating and set a $97.00 price target (up previously from $86.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Take-Two Interactive Software has a consensus rating of “Buy” and an average price target of $110.15.

In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the sale, the director now owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.55% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Fifth Third Bancorp raised its holdings in shares of Take-Two Interactive Software by 6.4% during the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after purchasing an additional 101 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Take-Two Interactive Software during the third quarter worth $102,000. Smithfield Trust Co. acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth $125,000. Crow Point Partners LLC raised its holdings in shares of Take-Two Interactive Software by 63.4% during the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock worth $129,000 after purchasing an additional 689 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth $134,000. 97.39% of the stock is currently owned by institutional investors.

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About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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