Last month, shares of technology and networking major Cisco Systems significantly increased in short interest. At the end of April, total short interest was of 45,139,712 shares. According to reports of Analyst Ratings News, it was an increase of about 7.5% from the total shares on April 15. At that time, total shares were 41,987,249 shares.

At present, about 0.9% of the Cisco Systems’ stock are short sold. Based on average daily total of about 25,216,445 shares, the current days-to-cover ratio is about 1.8 days. On Tuesday, in a research note, analysts from RBC Capital lifted their price target on the shares of Cisco Systems to $33 from $31. They also gave the company an ‘outperform’ rating. In a research note on Monday, analysts at Vetr gave ‘buy’ rating to Cisco Systems. Previously, they had given ‘hold’ rating to the shares. The analysts set price target of about $31.84 price on the shares of the company.

Analysts at Raymond James gave the company ‘outperform’ rating in a research note on Monday. They also raised price target on the shares of the company headquartered in San Jose, California, to $33 from $30. In addition, on Monday, in a research note, analysts at Pacific Crest raised their rating for the company gave ‘overweight’ rating, which was ‘sector perform’ previously. They also raised price target for the company from $29.23 to $36.

Two analysts have given ‘sell’ rating to the company’s stock, while eight others have given a hold rating. More than twenty other analysts gave a ‘buy’ rating to the company’s stock. Cisco Systems has a consensus rating of ‘Buy’, while the consensus target price is $29.90.

On Thursday, the company opened at about $29.35. The company has one year low of $22.49 and a one year high of $30.31.