Yandex NV Short Interest Up 50.6% in May (YNDX)
Yandex NV (NASDAQ:YNDX) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 8,988,544 shares, a growth of 50.6% from the April 30th total of 5,967,276 shares, Analyst Ratings Network.com reports. Based on an average daily volume of 4,873,950 shares, the short-interest ratio is presently 1.8 days. Approximately 3.8% of the shares of the company are short sold.
A number of research firms have recently commented on YNDX. Analysts at Zacks upgraded shares of Yandex NV from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $33.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Yandex NV from $41.92 to $39.16 in a research note on Friday, May 16th. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Yandex NV presently has a consensus rating of “Buy” and a consensus price target of $42.29.
Yandex NV (NASDAQ:YNDX) opened at 31.14 on Monday. Yandex NV has a 52-week low of $21.70 and a 52-week high of $45.42. The stock’s 50-day moving average is $28.76 and its 200-day moving average is $35.12. The company has a market cap of $10.001 billion and a P/E ratio of 23.67.
Yandex N.V. (NASDAQ:YNDX) is an Internet company in Russia.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.