GLW reports Tuesday amid a 24% monthly rally and light short interest at just 1.86% of float. Analyst targets remain mixed after recent downgrades.
Short interest stands at 16.0 million shares as of April 23, representing 1.86% of free float. That's up 4.8% over the past week and 13.3% over the month, though the absolute level remains modest. Days to cover sits at 1.48. Cost to borrow is low at 0.41%, down 7% week-over-week. Utilisation has eased to just 0.46%, well below its 52-week high of 3.73%, suggesting ample borrow availability and little short-side conviction heading into the print.
The put/call ratio closed at 0.70 on April 24, near its 20-day mean of 0.71. The z-score of -0.15 signals balanced sentiment. The PCR has ranged from 0.13 to 0.77 over the past year, placing current levels in the middle of that band. No unusual skew is evident.
Ten analysts rate Corning a Buy, yielding a consensus "buy" rating. The mean price target is $145.47, implying a 17% discount to the current close of $175.89. Recent activity has been volatile. B of A Securities raised its target to $186 on April 20, maintaining a Buy. Morgan Stanley lifted its Equal-Weight target to $140 the same day. JP Morgan downgraded to Neutral from Overweight on April 16 while raising its target to $175. Truist initiated coverage with a Hold and $125 target on March 31. The flurry of raises followed strength in the stock, but the JP Morgan downgrade and the discount to current price suggest caution at these levels.
The P/E ratio stands at 50.1, up 5.7 points over the past 30 days as the stock outran earnings estimates. Price-to-book has climbed to 10.4, up 1.3 over the month. EV/EBITDA is 28.5, a modest 0.09-point increase. Factor scores place Corning in the 62nd percentile on 30-day EPS momentum and 57th on 90-day EPS momentum. Analyst recommendation differential ranks in just the 6th percentile, reflecting the recent downgrade and Hold initiations. The dividend score ranks in the 83rd percentile.
Insiders sold $65.5 million net over the past 90 days, with award-and-sell transactions dominating recent filings. Notable holders include Samsung Electronics with 7.9% and BlackRock with 7.4%. Capital Research added 5.8 million shares in Q1, while FMR added 6.8 million, signalling fresh institutional interest.
Corning last reported on January 28, 2026. Prior prints occurred in late October 2025 and earlier quarters. The stock has rallied 24% over the past month, suggesting optimism heading into this event.
No ORTEX Alpha signals are currently active.
See the live data behind this article on ORTEX.
Open GLW on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
