Insulet Corporation (NASDAQ:PODD) experienced a significant 21.8% decrease in short interest during February, bringing the total to 1,511,612 shares. Despite several analysts cutting price targets and one downgrade to “Hold,” the consensus rating remains a “Moderate Buy” with an average target price of $354.57. The company recently reported a quarterly earnings beat, with EPS of $1.55 against an expected $1.48 and revenue of $783.8M against $768.3M, marking a 31.2% year-over-year revenue growth.
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Insulet Corporation (NASDAQ:PODD) Short Interest Down 21.8% in February
Insulet Corporation (NASDAQ:PODD) experienced a significant 21.8% decrease in short interest during February, bringing the total to 1,511,612 shares. Despite several analysts cutting price targets and one downgrade to “Hold,” the consensus rating remains a “Moderate Buy” with an average target price of $354.57. The company recently reported a quarterly earnings beat, with EPS of $1.55 against an expected $1.48 and revenue of $783.8M against $768.3M, marking a 31.2% year-over-year revenue growth.