Salesforce Inc (CRM)

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Salesforce.com, inc. (NYSE:CRM) Short Interest Update
By: MarketBeat | January 16, 2021

• Salesforce.com, inc. (NYSE:CRM) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 20,500,000 shares, a growth of 40.5% from the December 15th total of 14,590,000 shares. Based on an average daily volume of 8,090,000 shares, the days-to-cover ratio is currently 2.5 days.

A number of equities analysts have recently commented on CRM shares. Royal Bank of Canada set a $285.00 price objective on shares of salesforce.com and gave the company a "buy" rating in a research report on Wednesday, December 2nd. Zacks Investment Research lowered shares of salesforce.com from a "strong-buy" rating to a "hold" rating and set a $254.00 price objective for the company. in a research report on Tuesday, October 27th. BMO Capital Markets raised their price objective on shares of salesforce.com from $260.00 to $285.00 and gave the company an "outperform" rating in a research report on Wednesday, November 25th. JMP Securities raised their target price on shares of salesforce.com from $272.00 to $282.00 and gave the company an "outperform" rating in a research note on Wednesday, December 2nd. Finally, Barclays set a $276.00 target price on shares of salesforce.com and gave the company a "buy" rating in a research note on Wednesday, December 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have assigned a buy rating and three have given a strong buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average price target of $260.39.

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