What’s Fortive Corporation (NYSE:FTV) Upside After This Short Interest Increase?

The stock of Fortive Corporation (NYSE:FTV) registered an increase of 6.58% in short interest. FTV’s total short interest was 8.47M shares in August as published by FINRA. Its up 6.58% from 7.94M shares, reported previously. With 1.49M shares average volume, it will take short sellers 6 days to cover their FTV’s short positions. The short interest to Fortive Corporation’s float is 2.88%.

It closed at $67.33 lastly. It is down 4.64% since August 15, 2018 and is downtrending. It has underperformed by 4.64% the S&P500.

Fortive Corporation designs, develops, makes, markets, and services professional and engineered products, software, and services worldwide. The company has market cap of $22.59 billion. It operates in two divisions, Professional Instrumentation and Industrial Technologies. It has a 8.79 P/E ratio. The companyÂ’s field solutions include various professional test tools, thermal imaging, and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition monitoring equipment; and computerized maintenance management software for infrastructure in electrical utility and industrial applications under the FLUKE, FLUKE BIOMEDICAL, FLUKE NETWORKS, and QUALITROL brands.

Fortive Corporation (NYSE:FTV) Ratings Coverage

Among 4 analysts covering Fortive (NYSE:FTV), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. Fortive has $9900 highest and $6500 lowest target. $87’s average target is 29.21% above currents $67.33 stock price. Fortive had 7 analyst reports since April 3, 2019 according to SRatingsIntel. The firm has “Overweight” rating given on Wednesday, April 3 by Barclays Capital. The rating was maintained by BMO Capital Markets on Friday, April 26 with “Outperform”. The firm earned “Underperform” rating on Monday, June 3 by Cowen & Co.

More notable recent Fortive Corporation (NYSE:FTV) news were published by: Fool.com which released: “What GE Investors Can Expect From New CEO Larry Culp – The Motley Fool” on November 26, 2018, also Finance.Yahoo.com with their article: “Why Is Fortive (FTV) Up 8% Since Last Earnings Report? – Yahoo Finance” published on March 09, 2019, Businesswire.com published: “Fortive Announces Appointment of Jeannine Sargent to the Board – Business Wire” on February 13, 2019. More interesting news about Fortive Corporation (NYSE:FTV) were released by: Seekingalpha.com and their article: “Fortive Following A Familiar Pattern – Seeking Alpha” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Fortive’s Valuation Already Assumes A Lot Of Improvement – Seeking Alpha” with publication date: May 01, 2019.

Fortive Corporation (NYSE:FTV) Ratings Chart

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