Shanda Games Short Interest Down 26.4% in January (GAME)
Shares of Shanda Games (NASDAQ:GAME) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,061,176 shares, a decrease of 26.4% from the January 15th total of 2,801,587 shares, StockRatingsNetwork.com reports. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 4,021,797 shares, the short-interest ratio is presently 0.5 days.
Shares of Shanda Games (NASDAQ:GAME) opened at 6.59 on Friday. Shanda Games has a 52-week low of $2.68 and a 52-week high of $6.61. The stock has a 50-day moving average of $5.63 and a 200-day moving average of $4.58. The company has a market cap of $1.767 billion and a P/E ratio of 11.60.
Shanda Games (NASDAQ:GAME) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.03. The company had revenue of $182.90 million for the quarter, compared to the consensus estimate of $183.70 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that Shanda Games will post $0.81 EPS for the current fiscal year.
Shanda Games Limited (NASDAQ:GAME) is an online game company.
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