Short Interest in YY Inc Expands By 34.7% (YY)
Shares of YY Inc (NASDAQ:YY) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 5,834,290 shares, an increase of 34.7% from the April 30th total of 4,330,481 shares, Analyst Ratings Network.com reports. Based on an average daily volume of 3,603,927 shares, the days-to-cover ratio is presently 1.6 days. Approximately 17.4% of the shares of the company are short sold.
Several analysts have recently commented on the stock. Analysts at Pacific Crest cut their price target on shares of YY Inc from $105.00 to $93.00 in a research note on Tuesday, May 6th. Separately, analysts at Nomura cut their price target on shares of YY Inc from $114.00 to $104.00 in a research note on Monday, May 5th. Finally, analysts at Credit Suisse initiated coverage on shares of YY Inc in a research note on Friday, March 14th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $100.67.
Shares of YY Inc (NASDAQ:YY) opened at 64.60 on Thursday. YY Inc has a one year low of $23.06 and a one year high of $90.93. The stock has a 50-day moving average of $60.55 and a 200-day moving average of $63.41. The company has a market cap of $3.599 billion and a price-to-earnings ratio of 40.43.
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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