During the last session 4M of Callaway Golf Company’s (NYSE:ELY) shares were traded. The stock closed at $33.69 per share indicating that it gained $0.58 or 1.75% during that day which brings the Callaway Golf Company’s valuation to $6.11B.
The 52-week high for the Callaway Golf Company’s shares is $37.75. That puts it -10.75% from that peak but still a good gain since the share price dropped to a 52-week low of $14.62, while the S&P 500’s share price change was of 33%.
The company currently has a 28.72 P/E ratio and a price target of $37.9.
What does the trading volume tell us about the ELY stock?
During the last trading session, Callaway Golf Company (NYSE:ELY) has seen decay in its daily volume. The daily volume was of 3M, while in the last 10 days the average was 1.68M and last three months – 2.59M.
Growing short interest
The Callaway Golf Company’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 12.95M shares being shorted which translates into 5.13 of a short ratio for ELY, while in the previous month the shorted shares were 10.95M.
Callaway Golf Company (NYSE:ELY)’s financials
With a market cap of 6.11B, Callaway Golf Company holds a total cash of $397.29M that translates into $2.15 per share, while the total debt is of $2.65B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 47.30%. The current revenue is of $1.8B that is $17.99 per share.
This is a great sign for a bright future.