Short sellers have pulled back aggressively. SI fell to 17.4% of float as of April 23, down 23.5% over the past month and 2.0% over the past week.
OMC short interest stands at 33.6 million shares, or 17.4% of free float. That's down sharply from early March when SI peaked near 44 million shares. Cost to borrow remains negligible at 0.50% APR. Utilisation sits at 20.1%, well below the 52-week high of 56.6%. Days to cover stands at 7.6 according to the latest FINRA data. The retreat suggests short sellers have de-risked ahead of the April 28 earnings call.
Put/call ratio spiked to 1.34 on April 24. That's more than four standard deviations above the 20-day mean of 0.56. The prior two days saw PCR below 0.45, so the jump reflects sudden hedging demand. The 52-week range runs from 0.43 to 2.46.
Mean price target sits at $100.90 versus the current $75.74 close, implying 33% upside. UBS raised its target to $114 on March 20, maintaining Buy. Citigroup lifted its target to $115 in February, also maintaining Buy. Barclays raised to $90 but kept Equal-Weight. Bank of America downgraded to Underperform with a $77 target in January. Wells Fargo upgraded to Overweight with a $91 target last September. JP Morgan cut its Overweight target to $96 from $104 in July 2025.
P/E sits at 6.8x, down 0.04 points over the past month. EV/EBITDA fell 0.16 points to 5.80x over the same period. P/B stands at 1.91x. OMC ranks in the 72nd percentile for 30-day EPS momentum and the 84th percentile for 90-day EPS momentum. EPS surprise ranks in the 13th percentile. Dividend score sits at 86.
Insiders sold $114,910 net over the past 90 days. Director Linda Johnson Rice sold 1,348 shares at $85.25 in March. Vanguard increased its stake by 15.2 million shares to 38.9 million (13.7% of shares). BlackRock added 8.6 million shares to 29.2 million (10.2%). State Street added 6.8 million shares to 23.7 million (8.3%). BNY Asset Management and Wellington both added more than 4 million shares.
The company last reported on April 14, March 12, and February 18. Prior prints show a pattern of after-hours announcements.
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