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AutoNavi Holdings (NASDAQ:AMAP) saw a large drop in short interest in May. As of May 30th, there was short interest totalling 682,556 shares, a drop of 22.6% from the May 15th total of 881,654 shares, American Banking and Market News reports. Based on an average trading volume of 486,395 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.4% of the shares of the company are short sold.

Separately, analysts at TheStreet downgraded shares of AutoNavi Holdings from a “hold” rating to a “sell” rating in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. AutoNavi Holdings currently has a consensus rating of “Hold” and a consensus price target of $15.63.

Shares of AutoNavi Holdings (NASDAQ:AMAP) opened at 20.90 on Friday. AutoNavi Holdings has a 52-week low of $11.24 and a 52-week high of $21.20. The stock’s 50-day moving average is $20.85 and its 200-day moving average is $18.6. The company’s market cap is $1.140 billion.

AutoNavi Holdings (NASDAQ:AMAP) last announced its earnings results on Friday, May 23rd. The company reported ($0.15) EPS for the quarter. The company had revenue of $23.10 million for the quarter, compared to the consensus estimate of $34.30 million. During the same quarter in the prior year, the company posted $0.22 earnings per share.

AutoNavi Holdings Limited (NASDAQ:AMAP) through its subsidiaries is primarily engaged in providing digital map content, navigation and location-based solutions in the People’s Republic of China.

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