Redfin (RDFN) At $21.94 Forms Bottom; Shorts at Verso (VRS) Lowered By 22.05%

Redfin Corporation (RDFN) formed multiple bottom with $21.06 target or 4.00% below today’s $21.94 share price. Redfin Corporation (RDFN) has $1.82B valuation. The stock increased 2.24% or $0.48 during the last trading session, reaching $21.94. About 1.06 million shares traded. Redfin Corporation (NASDAQ:RDFN) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Verso Corporation (NYSE:VRS) had a decrease of 22.05% in short interest. VRS’s SI was 752,800 shares in May as released by FINRA. Its down 22.05% from 965,800 shares previously. With 830,200 avg volume, 1 days are for Verso Corporation (NYSE:VRS)’s short sellers to cover VRS’s short positions. The SI to Verso Corporation’s float is 3.18%. The stock increased 7.59% or $1.44 during the last trading session, reaching $20.4. About 654,701 shares traded or 35.72% up from the average. Verso Corporation (NYSE:VRS) has risen 187.02% since May 17, 2017 and is uptrending. It has outperformed by 175.47% the S&P500.

More recent Verso Corporation (NYSE:VRS) news were published by: Nasdaq.com which released: “Mid-Afternoon Market Update: Blink Charging Rises After Q1 Results; Purple Innovation Shares Slide” on May 16, 2018. Also Seekingalpha.com published the news titled: “Verso Corporation 2018 Q1 – Results – Earnings Call Slides” on May 09, 2018. Seekingalpha.com‘s news article titled: “Verso’s (VRS) CEO Chris DiSantis on Q1 2018 Results – Earnings Call Transcript” with publication date: May 09, 2018 was also an interesting one.

Among 2 analysts covering Verso Corporation (NYSE:VRS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Verso Corporation had 9 analyst reports since July 27, 2016 according to SRatingsIntel. The stock has “Buy” rating by BWS Financial on Wednesday, July 27. The stock of Verso Corporation (NYSE:VRS) has “Buy” rating given on Wednesday, December 20 by FBR Capital. The stock of Verso Corporation (NYSE:VRS) has “Buy” rating given on Friday, February 16 by FBR Capital. The company was upgraded on Wednesday, October 18 by BWS Financial. On Friday, November 17 the stock rating was maintained by BWS Financial with “Strong Buy”. The stock of Verso Corporation (NYSE:VRS) has “Buy” rating given on Friday, March 9 by FBR Capital. The stock has “Buy” rating by FBR Capital on Thursday, May 10.

Verso Corporation produces and sells coated papers in the United States. The company has market cap of $702.89 million. It operates in two divisions, Paper and Pulp. It currently has negative earnings. The firm offers coated freesheet and coated groundwood, specialty, inkjet and digital, supercalendered, and uncoated freesheet papers; and Northern Bleached Hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.

Among 6 analysts covering Redfin (NASDAQ:RDFN), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Redfin has $31 highest and $20 lowest target. $25’s average target is 13.95% above currents $21.94 stock price. Redfin had 8 analyst reports since August 22, 2017 according to SRatingsIntel. The rating was maintained by Oppenheimer on Friday, November 10 with “Outperform”. On Friday, November 10 the stock rating was maintained by Bank of America with “Neutral”.

Analysts await Redfin Corporation (NASDAQ:RDFN) to report earnings on September, 6. They expect $0.03 earnings per share, down 50.00% or $0.03 from last year’s $0.06 per share. RDFN’s profit will be $2.49 million for 182.83 P/E if the $0.03 EPS becomes a reality. After $-0.44 actual earnings per share reported by Redfin Corporation for the previous quarter, Wall Street now forecasts -106.82% EPS growth.

Redfin Corporation (NASDAQ:RDFN) Ratings Chart