Twitter Sees Large Growth in Short Interest (TWTR)
Twitter (NYSE:TWTR) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 50,098,350 shares, a growth of 7.2% from the April 15th total of 46,744,485 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 15,312,281 shares, the short-interest ratio is currently 3.3 days. Currently, 19.5% of the company’s stock are sold short.
In other Twitter news, General Counsel Vijaya Gadde sold 11,198 shares of the stock on the open market in a transaction dated Friday, May 16th. The stock was sold at an average price of $32.47, for a total transaction of $363,599.06. Following the completion of the transaction, the general counsel now directly owns 837,937 shares of the company’s stock, valued at approximately $27,207,814. The transaction was disclosed in a filing with the SEC, which is available at this link.
TWTR has been the subject of a number of recent research reports. Analysts at Wunderlich upgraded shares of Twitter from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. They now have a $35.00 price target on the stock, down previously from $38.00. Separately, analysts at Atlantic Securities upgraded shares of Twitter from an “underweight” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $35.00 price target on the stock. Finally, analysts at Pivotal Research upgraded shares of Twitter from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. They now have a $34.00 price target on the stock. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company’s stock. Twitter presently has an average rating of “Hold” and a consensus price target of $45.67.
Shares of Twitter (NYSE:TWTR) opened at 31.75 on Thursday. Twitter has a 52 week low of $29.51 and a 52 week high of $74.73. The stock has a 50-day moving average of $39.08 and a 200-day moving average of $50.02. The company’s market cap is $18.540 billion.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.19. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 119.7% on a year-over-year basis. On average, analysts predict that Twitter will post $0.04 earnings per share for the current fiscal year.
Twitter, Inc (NYSE:TWTR), is a global platform for public self-expression and conversation in real time.
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