General Electric Company (NYSE:GE) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 119,215,821 shares, a drop of 7.6% from the December 31st total of 129,084,588 shares, MarketBeat reports. Based on an average trading volume of 64,396,947 shares, the short-interest ratio is presently 1.9 days. Currently, 1.2% of the company’s stock are sold short.

In other news, SVP Alexander Dimitrief acquired 65,272 shares of General Electric Company stock in a transaction on Monday, January 25th. The stock was purchased at an average price of $28.04 per share, with a total value of $1,830,226.88. Following the completion of the purchase, the senior vice president now owns 17,896 shares of the company’s stock, valued at approximately $501,803.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

A number of hedge funds and institutional investors recently added to or reduced their stakes in GE. Beacon Capital Management raised its position in General Electric Company by 50.2% in the fourth quarter. Beacon Capital Management now owns 449 shares of the company’s stock valued at $14,000 after buying an additional 150 shares in the last quarter. Leith Wheeler Investment Counsel bought a new position in General Electric Company during the fourth quarter valued at approximately $201,000. D. Scott Neal bought a new position in General Electric Company during the fourth quarter valued at approximately $229,000. Pecaut & Company bought a new position in General Electric Company during the fourth quarter valued at approximately $283,000. Finally, Smith Affiliated Capital raised its position in General Electric Company by 140.4% in the fourth quarter. Smith Affiliated Capital now owns 9,245 shares of the company’s stock valued at $287,982 after buying an additional 5,400 shares in the last quarter.

Several research analysts recently issued reports on the company. William Blair reaffirmed a “buy” rating on shares of General Electric Company in a research report on Wednesday, November 11th. Independent Research GmbH set a $37.00 target price on General Electric Company and gave the company a “buy” rating in a research report on Thursday, December 24th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $33.00 target price on shares of General Electric Company in a research report on Friday, January 22nd. Argus reaffirmed a “buy” rating on shares of General Electric Company in a research report on Tuesday, December 29th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of General Electric Company in a research report on Sunday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.05.

General Electric Company (NYSE:GE) opened at 28.64 on Tuesday. General Electric Company has a 52-week low of $19.37 and a 52-week high of $31.49. The stock’s market capitalization is $279.10 billion. The company’s 50-day moving average price is $29.55 and its 200 day moving average price is $27.87.

General Electric Company (NYSE:GE) last released its quarterly earnings results on Friday, January 22nd. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. During the same period in the prior year, the company posted $0.56 EPS. The company earned $33.80 billion during the quarter. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that General Electric Company will post $1.51 EPS for the current fiscal year.

General Electric Company (NYSE:GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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