
Darden Restaurants, Inc. (NYSE:DRI) Sees Large Growth in Short Interest

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Darden Restaurants, Inc. (NYSE:DRI) experienced a significant increase in short interest, rising 45.2% to 5,391,787 shares by December 31. This represents 4.7% of the company's shares sold short, with a days-to-cover ratio of 2.6 days based on an average daily trading volume of 2,068,266 shares. The company reported earnings of $2.08 per share, slightly below estimates, and announced a quarterly dividend of $1.50 per share, with a yield of 2.8%. Analysts maintain a "Moderate Buy" rating with a consensus target price of $223.00.
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