JD.Com Inc(ADR) Sees Large Decrease in Short Interest (JD)
JD.Com Inc(ADR) (NASDAQ:JD) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 17,667,590 shares, a decrease of 14.6% from the July 31st total of 20,685,486 shares, Stock Ratings News reports. Based on an average daily trading volume, of 4,935,357 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.7% of the company’s stock are short sold.
JD has been the subject of a number of recent research reports. Analysts at William Blair initiated coverage on shares of JD.Com Inc(ADR) in a research note on Friday, August 8th. They set a “market perform” rating on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of JD.Com Inc(ADR) in a research note on Wednesday, July 9th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, analysts at SunTrust initiated coverage on shares of JD.Com Inc(ADR) in a research note on Tuesday, July 1st. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $35.00.
Shares of JD.Com In (NASDAQ:JD) opened at 31.92 on Tuesday. JD.Com In has a 52-week low of $19.94 and a 52-week high of $33.10. The stock has a 50-day moving average of $29.27 and a 200-day moving average of $27.88. The company’s market cap is $38.393 billion.
JD.com, Inc is a holding company. The Company is an online direct sales company. The Company, through its Website www.
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