VMware, Inc. (NYSE:VMW – Get Rating) saw a significant spike in short interest in June. On June 15, there were short positions totaling 3,620,000 shares, up 56.0% from the May 31 total of 2,320,000 shares. Based on an average daily trading volume of 2,110,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 4.7% of the company’s shares are shorted.
A number of analysts have recently issued reports on the stock. The Royal Bank of Canada lowered VMware’s shares from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 26. Monness Crespi & Hardt lowered their price target on VMware shares to $136.00 and ranked a “sector weight” rating on the company in a research note on Thursday, May 19. Mizuho raised its price target on VMware shares to $138.00 in a research note on Friday, May 27. StockNews.com slashed shares of VMware in a research note to…