Twitter Short Interest Down 36.5% in May (TWTR)
Twitter (NYSE:TWTR) was the target of a significant drop in short interest during the month of May. As of May 30th, there was short interest totalling 26,070,989 shares, a drop of 36.5% from the May 15th total of 41,082,382 shares, StockRatingsNetwork.com reports. Approximately 8.0% of the shares of the company are sold short. Based on an average daily volume of 31,266,463 shares, the short-interest ratio is currently 0.8 days.
In other Twitter news, VP Alexander Roetter sold 27,451 shares of the stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $35.52, for a total transaction of $975,059.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at S&P Equity Research downgraded shares of Twitter to a “hold” rating in a research note on Tuesday, June 17th. Separately, analysts at Wells Fargo & Co. upgraded shares of Twitter from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 10th. Finally, analysts at Pacific Crest initiated coverage on shares of Twitter in a research note on Wednesday, June 4th. They set an “outperform” rating and a $45.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.64.
Twitter (NYSE:TWTR) opened at 39.52 on Tuesday. Twitter has a one year low of $29.51 and a one year high of $74.73. The stock’s 50-day moving average is $34.13 and its 200-day moving average is $48.74. The company’s market cap is $23.077 billion.
Twitter (NYSE:TWTR) last released its earnings data on Tuesday, April 29th. The company reported ($0.22) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.08) earnings per share. Twitter’s revenue was up 119.7% compared to the same quarter last year. 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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