Ero Copper (TSE:ERO) Had Its Target Increased by Analysts at Scotia Capital to $7.25; Sonic (SONC) Sellers Decreased By 2.03% Their Shorts

Sonic Corporation (NASDAQ:SONC) had a decrease of 2.03% in short interest. SONC’s SI was 9.06M shares in December as released by FINRA. Its down 2.03% from 9.25 million shares previously. With 623,000 avg volume, 15 days are for Sonic Corporation (NASDAQ:SONC)’s short sellers to cover SONC’s short positions. The SI to Sonic Corporation’s float is 22.37%. The stock decreased 0.53% or $0.15 during the last trading session, reaching $28.23. About 480,174 shares traded. Sonic Corp. (NASDAQ:SONC) has declined 5.36% since December 23, 2016 and is downtrending. It has underperformed by 22.06% the S&P500.

In a research report sent to investors by Scotia Capital on Friday morning, Ero Copper Corp (TSE:ERO) had its target raised to $7.25. The firm presently has Outperform rating on the stock.

Ero Copper Corp., a base metals mining company, engages in the production and sale of copper. The company has market cap of $557.25 million. The firm also explores for gold and silver ores. It currently has negative earnings. It holds interests in the Vale do Curaçá property located in northeastern Bahia State, Brazil; and the Boa Esperança Property consists of a mineral concession covering an area of 4,034 hectares located in southeastern Pará State, Brazil.

The stock increased 6.87% or $0.48 during the last trading session, reaching $7.47. About 12,289 shares traded. iPath EUR/USD Exchange Rate ETN (TSE:ERO) has 0.00% since December 23, 2016 and is . It has underperformed by 16.70% the S&P500.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. The company has market cap of $1.14 billion. As of August 31, 2016, the firm operated 3,557 Sonic Drive-Ins in 45 states, of which 345 were owned and operated by the firm and 3,212 were owned and operated by franchisees. It has a 19.47 P/E ratio. It also leases real estate properties to franchisees.

Among 16 analysts covering Sonic (NASDAQ:SONC), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Sonic had 39 analyst reports since August 25, 2015 according to SRatingsIntel. As per Wednesday, June 21, the company rating was maintained by Canaccord Genuity. The firm has “Neutral” rating by UBS given on Wednesday, March 30. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, September 28 report. Zacks upgraded Sonic Corp. (NASDAQ:SONC) on Tuesday, August 25 to “Hold” rating. The firm has “Hold” rating by Deutsche Bank given on Wednesday, March 30. The company was maintained on Tuesday, October 25 by Canaccord Genuity. The rating was downgraded by Canaccord Genuity on Monday, March 20 to “Hold”. The stock has “Neutral” rating by Longbow on Friday, December 2. The rating was maintained by Telsey Advisory Group on Wednesday, September 7 with “Outperform”. The rating was initiated by Telsey Advisory Group with “Outperform” on Tuesday, September 29.