Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) Short Interest Down 59.2% in June

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 37,153 shares, a decrease of 59.2% from the May 31st total of 90,958 shares. Based on an average daily trading volume, of 38,837 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are sold short.

Pershing Square Stock Up 0.6%

Shares of OTCMKTS:PSHZF traded up $0.32 on Monday, hitting $49.79. The stock had a trading volume of 7,187 shares, compared to its average volume of 22,821. Pershing Square has a twelve month low of $48.55 and a twelve month high of $68.25. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average price is $54.34 and its 200-day moving average price is $58.03.

Wall Street Analyst Weigh In

PSHZF has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Pershing Square to a “hold” rating in a report on Tuesday, May 26th. Royal Bank Of Canada started coverage on shares of Pershing Square in a research note on Tuesday, May 26th. They set a “sector perform” rating for the company. Finally, UBS Group set a $40.00 price objective on Pershing Square in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.00.

About Pershing Square

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.