Charles Schwab Corp (NYSE:SCHW) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 19,250,913 shares, a decline of 16.6% from the December 15th total of 23,072,890 shares, MarketBeat reports. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 6,734,656 shares, the short-interest ratio is presently 2.9 days.

SCHW has been the subject of several recent research reports. Vetr lowered shares of Charles Schwab Corp from a “buy” rating to a “hold” rating and set a $33.31 target price for the company. in a research note on Monday, November 9th. Bank of America lowered shares of Charles Schwab Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 13th. Barclays upped their price target on shares of Charles Schwab Corp from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 8th. Deutsche Bank lowered their price target on shares of Charles Schwab Corp from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 8th. Finally, Piper Jaffray lowered shares of Charles Schwab Corp from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $36.00 to $38.00 in a research report on Friday, December 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $36.08.

Charles Schwab Corp (NYSE:SCHW) opened at 25.83 on Friday. The stock’s 50 day moving average is $31.05 and its 200 day moving average is $31.48. The company has a market cap of $34.01 billion and a price-to-earnings ratio of 25.08. Charles Schwab Corp has a 52-week low of $24.37 and a 52-week high of $35.72.

12 Month Chart for NYSE:SCHW

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