NICE Ltd. (NASDAQ:NICE) Short Interest Update

NICE Ltd. (NASDAQ:NICE) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 2,710,000 shares, a growth of 21.5% from the January 15th total of 2,230,000 shares. Based on an average daily volume of 501,600 shares, the days-to-cover ratio is currently 5.4 days. Currently, 4.3% of the company’s stock are sold short.

Analysts Set New Price Targets

NICE has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 target price on shares of NICE in a research note on Friday, November 15th. Northland Securities lowered their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, November 15th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. StockNews.com upgraded shares of NICE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Citigroup raised their price target on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.93.

Hedge Funds Weigh In On NICE

Institutional investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV raised its stake in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Avion Wealth bought a new position in shares of NICE in the fourth quarter worth about $25,000. Tradewinds Capital Management LLC bought a new position in shares of NICE in the fourth quarter worth about $25,000. Anchor Investment Management LLC raised its stake in shares of NICE by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its stake in shares of NICE by 43.8% in the fourth quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after acquiring an additional 67 shares during the last quarter. 63.34% of the stock is owned by institutional investors.

NICE Stock Performance

Shares of NASDAQ NICE traded down $1.74 during trading on Monday, reaching $176.49. The company had a trading volume of 347,162 shares, compared to its average volume of 504,483. NICE has a 52 week low of $151.52 and a 52 week high of $270.73. The stock has a market cap of $11.10 billion, a PE ratio of 27.32, a PEG ratio of 1.22 and a beta of 1.06. The business’s 50 day moving average price is $171.87 and its 200-day moving average price is $173.07.

NICE Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.