YY Inc (NASDAQ:YY) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 798,840 shares, a decline of 27.1% from the November 15th total of 1,096,457 shares. Based on an average trading volume of 2,120,813 shares, the short-interest ratio is presently 0.4 days.

Shares of YY (NASDAQ:YY) opened at $108.54 on Friday. YY has a fifty-two week low of $37.81 and a fifty-two week high of $123.48. The stock has a market cap of $7,010.05, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.03 and a beta of 1.20.

YY (NASDAQ:YY) last announced its quarterly earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.05. YY had a net margin of 22.23% and a return on equity of 34.26%. The company had revenue of $464.78 million for the quarter, compared to the consensus estimate of $425.44 million. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of YY by 51.6% in the second quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock valued at $114,945,000 after buying an additional 674,292 shares during the last quarter. FMR LLC raised its position in shares of YY by 9,789.6% in the second quarter. FMR LLC now owns 662,600 shares of the information services provider’s stock valued at $38,451,000 after buying an additional 655,900 shares during the last quarter. Origin Asset Management LLP acquired a new position in shares of YY in the second quarter valued at approximately $34,470,000. Prudential Financial Inc. raised its position in shares of YY by 286.8% in the second quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock valued at $42,017,000 after buying an additional 536,850 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of YY in the second quarter valued at approximately $25,797,000. 57.15% of the stock is currently owned by institutional investors.

A number of research firms recently commented on YY. Vetr raised shares of YY from a “hold” rating to a “buy” rating and set a $116.48 price objective on the stock in a report on Friday. ValuEngine downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a report on Thursday. BidaskClub downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. J P Morgan Chase & Co raised shares of YY from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $70.00 to $140.00 in a report on Thursday, November 16th. Finally, Benchmark reissued a “buy” rating and set a $127.00 price objective on shares of YY in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $85.63.

ILLEGAL ACTIVITY NOTICE: “YY Inc (YY) Sees Large Decrease in Short Interest” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/16/yy-inc-yy-sees-large-decrease-in-short-interest.html.

About YY

YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

Receive News & Ratings for YY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY and related companies with MarketBeat.com's FREE daily email newsletter.