Thomson Reuters Corp (NYSE:TRI) Sees Significant Increase in Short Interest

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Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,790,000 shares, a growth of 5.7% from the January 15th total of 2,640,000 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 419,700 shares, the days-to-cover ratio is currently 6.6 days.

TRI has been the subject of a number of research analyst reports. Bank of America raised Thomson Reuters from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. CIBC reaffirmed a “hold” rating and set a $73.00 price target on shares of Thomson Reuters in a research report on Friday, December 20th. Zacks Investment Research raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. National Bank Financial set a $93.00 price target on Thomson Reuters and gave the company a “hold” rating in a research report on Saturday, November 2nd. Finally, Barclays reaffirmed a “hold” rating and set a $75.00 price target on shares of Thomson Reuters in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Thomson Reuters currently has an average rating of “Hold” and a consensus target price of $79.50.

NYSE:TRI opened at $81.96 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.46 and a quick ratio of 1.46. The business has a fifty day simple moving average of $77.39 and a two-hundred day simple moving average of $70.65. Thomson Reuters has a 1 year low of $52.34 and a 1 year high of $82.25. The company has a market capitalization of $40.72 billion, a P/E ratio of 12.25, a P/E/G ratio of 2.35 and a beta of 0.47.

A number of large investors have recently added to or reduced their stakes in the business. Jarislowsky Fraser Ltd increased its position in Thomson Reuters by 1.1% in the fourth quarter. Jarislowsky Fraser Ltd now owns 9,596,473 shares of the business services provider’s stock worth $687,423,000 after buying an additional 102,162 shares during the last quarter. FIL Ltd increased its position in Thomson Reuters by 80.3% in the fourth quarter. FIL Ltd now owns 7,893,500 shares of the business services provider’s stock worth $564,651,000 after buying an additional 3,515,036 shares during the last quarter. FMR LLC increased its position in Thomson Reuters by 5.5% in the fourth quarter. FMR LLC now owns 2,234,813 shares of the business services provider’s stock worth $159,864,000 after buying an additional 116,391 shares during the last quarter. Beutel Goodman & Co Ltd. boosted its holdings in shares of Thomson Reuters by 6.9% in the third quarter. Beutel Goodman & Co Ltd. now owns 1,910,119 shares of the business services provider’s stock worth $5,515,000 after acquiring an additional 123,428 shares during the period. Finally, Fiera Capital Corp boosted its holdings in shares of Thomson Reuters by 7.6% in the fourth quarter. Fiera Capital Corp now owns 1,757,639 shares of the business services provider’s stock worth $125,803,000 after acquiring an additional 124,232 shares during the period. 19.13% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics.

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