Blue Buffalo Pet Products Incorporated (NASDAQ:BUFF) on Focus After Report of More Shorts

June 29, 2017 - By Vivian Park

 Blue Buffalo Pet Products Incorporated (NASDAQ:BUFF) on Focus After Report of More Shorts

The stock of Blue Buffalo Pet Products Incorporated (NASDAQ:BUFF) registered an increase of 13.15% in short interest. BUFF’s total short interest was 11.47 million shares in June as published by FINRA. Its up 13.15% from 10.13M shares, reported previously. With 1.55 million shares average volume, it will take short sellers 7 days to cover their BUFF’s short positions. The short interest to Blue Buffalo Pet Products Incorporated’s float is 10.7%.

The stock increased 4.23% or $0.93 during the last trading session, reaching $22.92. About shares traded. Blue Buffalo Pet Products Inc (NASDAQ:BUFF) has declined 9.60% since June 29, 2016 and is downtrending. It has underperformed by 26.30% the S&P500.

Blue Buffalo Pet Products, Inc. is a holding company. The company has market cap of $4.46 billion. The Firm operates as a pet food company. It has a 33.22 P/E ratio. The Company, through its subsidiaries, develops, produces, markets and sells pet food under product lines, including BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.

Blue Buffalo Pet Products Inc (NASDAQ:BUFF) Ratings Coverage

Among 11 analysts covering Blue Buffalo Pet Products (NASDAQ:BUFF), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Blue Buffalo Pet Products had 21 analyst reports since August 17, 2015 according to SRatingsIntel. JP Morgan initiated the shares of BUFF in report on Monday, August 17 with “Overweight” rating. The company was maintained on Wednesday, March 9 by Deutsche Bank. The firm earned “Buy” rating on Monday, August 17 by Deutsche Bank. The rating was initiated by DA Davidson with “Buy” on Wednesday, October 5. The company was initiated on Friday, September 9 by Oppenheimer. The rating was upgraded by Morgan Stanley to “Overweight” on Monday, October 12. The company was initiated on Tuesday, October 25 by Susquehanna. The rating was maintained by Wedbush on Thursday, August 11 with “Neutral”. Wells Fargo initiated the stock with “Market Perform” rating in Monday, August 17 report. The rating was upgraded by Wells Fargo to “Outperform” on Tuesday, September 15.

More recent Blue Buffalo Pet Products Inc (NASDAQ:BUFF) news were published by: Benzinga.com which released: “15 Biggest Mid-Day Gainers For Wednesday” on June 28, 2017. Also Prnewswire.com published the news titled: “Initiating Research Reports on Food Equities — Blue Buffalo Pet Products …” on June 28, 2017. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For June 28, 2017” with publication date: June 28, 2017 was also an interesting one.

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