Short Interest in Yandex NV Decreases By 15.1% (YNDX)
Shares of Yandex NV (NASDAQ:YNDX) were the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 6,083,629 shares, a drop of 15.1% from the July 15th total of 7,166,167 shares, Analyst Ratings News reports. Currently, 2.6% of the company’s shares are short sold. Based on an average daily volume of 3,144,643 shares, the short-interest ratio is presently 1.9 days.
A number of research firms have recently commented on YNDX. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Yandex NV in a research note on Wednesday, July 30th. They now have a $34.00 price target on the stock, up previously from $33.00. Separately, analysts at Raiffeisen Bank downgraded shares of Yandex NV from a “buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, analysts at Standpoint Research downgraded shares of Yandex NV from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Yandex NV currently has a consensus rating of “Buy” and a consensus price target of $44.13.
Shares of Yandex NV (NASDAQ:YNDX) opened at 28.85 on Wednesday. Yandex NV has a one year low of $21.70 and a one year high of $45.42. The stock has a 50-day moving average of $31.61 and a 200-day moving average of $32.11. The company has a market cap of $9.172 billion and a P/E ratio of 22.21.
Yandex NV (NASDAQ:YNDX) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $361.50 million for the quarter, compared to the consensus estimate of $340.25 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 32.0% on a year-over-year basis. On average, analysts predict that Yandex NV will post $42.88 earnings per share for the current fiscal year.
Yandex N.V. (NASDAQ:YNDX) is an Internet company in Russia.
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