SJR Stock: Shaw Communications Incorporated Just Reported Decreased Shorts

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The stock of Shaw Communications Incorporated (NYSE:SJR) registered a decrease of 5.97% in short interest. SJR’s total short interest was 3.26M shares in January as published by FINRA. Its down 5.97% from 3.47M shares, reported previously. With 531,200 shares average volume, it will take short sellers 6 days to cover their SJR’s short positions. The short interest to Shaw Communications Incorporated’s float is 0.76%.

The stock increased 0.57% or $0.13 during the last trading session, reaching $23.1. About 447,035 shares traded. Shaw Communications Inc. (NYSE:SJR) has risen 13.56% since January 6, 2017 and is uptrending. It has underperformed by 3.14% the S&P500.

Shaw Communications Inc. operates as a diversified communications firm in Canada and the United States. The company has market cap of $11.43 billion. The firm operates through Consumer, Business Network Services, Business Infrastructure Services, and Wireless divisions. It has a 17.41 P/E ratio. The Consumer segment provides cable telecommunications services, including video, Internet, WiFi and phone, and satellite video services.

Shaw Communications Inc. (NYSE:SJR) Ratings Coverage

Among 5 analysts covering Shaw Comms (NYSE:SJR), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Shaw Comms had 9 analyst reports since October 20, 2015 according to SRatingsIntel. The stock of Shaw Communications Inc. (NYSE:SJR) has “Sector Perform” rating given on Thursday, December 17 by RBC Capital Markets. Barclays Capital maintained it with “Equal-Weight” rating and $22 target in Friday, October 27 report. Macquarie Research upgraded Shaw Communications Inc. (NYSE:SJR) on Tuesday, October 20 to “Outperform” rating. The stock of Shaw Communications Inc. (NYSE:SJR) earned “Outperform” rating by RBC Capital Markets on Monday, January 9. The stock has “Sell” rating by Citigroup on Thursday, April 6. The company was initiated on Tuesday, April 5 by Barclays Capital. The firm earned “Sector Perform” rating on Friday, October 23 by RBC Capital Markets. The stock of Shaw Communications Inc. (NYSE:SJR) earned “Equal Weight” rating by Barclays Capital on Friday, October 23.

More notable recent Shaw Communications Inc. (NYSE:SJR) news were published by: Fool.ca which released: “Which Is the Better Investment: Telus Corporation or Shaw Communications Inc.?” on December 27, 2017, also Fool.ca with their article: “Better Telecom Stock in 2018: Rogers Communications Inc. vs. Shaw …” published on December 18, 2017, Nasdaq.com published: “Here’s Why You Should Sell Shaw Communications (SJR) Now” on December 28, 2017. More interesting news about Shaw Communications Inc. (NYSE:SJR) were released by: Nasdaq.com and their article: “Shaw Communications Inc. (SJR) Ex-Dividend Date Scheduled for December 14, 2017” published on December 13, 2017 as well as Bnn.ca‘s news article titled: “Former Shaw Communications CEO, Jim Shaw, dies at 60” with publication date: January 04, 2018.

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