YY Short Interest Up 55.9% in March (YY)
Shares of YY (NASDAQ:YY) saw a significant increase in short interest during the month of January. As of March 31st, there was short interest totalling 2,528,684 shares, an increase of 55.9% from the March 14th total of 1,621,571 shares, Analyst RN reports. Currently, 7.5% of the company’s shares are sold short. Based on an average daily volume of 2,190,595 shares, the short-interest ratio is presently 1.2 days.
YY has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of YY in a research note on Friday, March 14th. They set an “outperform” rating on the stock. Separately, analysts at Piper Jaffray raised their price target on shares of YY from $70.00 to $105.00 in a research note on Wednesday, March 5th. They now have an “overweight” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of YY from $62.00 to $105.00 in a research note on Wednesday, March 5th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $105.00.
YY (NASDAQ:YY) opened at 67.15 on Friday. YY has a 52 week low of $15.77 and a 52 week high of $90.93. The stock has a 50-day moving average of $76.01 and a 200-day moving average of $60.66. The company has a market cap of $3.722 billion and a P/E ratio of 50.92.
YY Inc (NASDAQ:YY) is a communication social platform, which engages users in online group activities through voice, text and video.
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