FedEx Freight Hldg Co (NYSE:FDXF) Short Interest Update

FedEx Freight Hldg Co (NYSE:FDXF) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,158,446 shares, a growth of 1,552,738.8% from the May 31st total of 139 shares. Based on an average daily trading volume, of 3,112,413 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.4% of the company’s stock are sold short.

Analyst Ratings Changes

A number of research analysts recently commented on FDXF shares. Jefferies Financial Group started coverage on shares of FedEx Freight in a research report on Tuesday. They issued a “buy” rating and a $200.00 target price on the stock. Wall Street Zen raised shares of FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of FedEx Freight to a “hold” rating in a research note on Tuesday, June 2nd. Bank of America initiated coverage on FedEx Freight in a report on Monday, June 1st. They set a “buy” rating and a $185.00 price objective on the stock. Finally, Truist Financial assumed coverage on FedEx Freight in a research report on Tuesday, June 2nd. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.83.

FedEx Freight Stock Down 1.5%

FedEx Freight stock traded down $2.40 during mid-day trading on Thursday, reaching $158.05. 1,215,380 shares of the company were exchanged, compared to its average volume of 2,436,410. FedEx Freight has a twelve month low of $141.33 and a twelve month high of $194.27.

FedEx Freight (NYSE:FDXF) last released its quarterly earnings results on Thursday, June 25th. The company reported $999.00 EPS for the quarter.

About FedEx Freight

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.