Seven Stars Cloud Group Inc (SSC) Sees Large Drop in Short Interest

Seven Stars Cloud Group Inc (NASDAQ:SSC) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 771,338 shares, a decline of 33.8% from the January 12th total of 1,164,540 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily volume of 863,709 shares, the days-to-cover ratio is currently 0.9 days.

A hedge fund recently bought a new stake in Seven Stars Cloud Group stock. Cutler Group LP bought a new position in Seven Stars Cloud Group Inc (NASDAQ:SSC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 30,172 shares of the technology company’s stock, valued at approximately $139,000. 1.65% of the stock is owned by institutional investors.

A number of analysts recently weighed in on SSC shares. ValuEngine upgraded Seven Stars Cloud Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. BidaskClub upgraded Seven Stars Cloud Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th.

Shares of Seven Stars Cloud Group (NASDAQ:SSC) opened at $2.87 on Monday. The firm has a market capitalization of $178.72, a P/E ratio of -5.98 and a beta of 1.63. Seven Stars Cloud Group has a 12-month low of $1.25 and a 12-month high of $7.00.

Seven Stars Cloud Group (NASDAQ:SSC) last released its earnings results on Monday, November 13th. The technology company reported ($0.05) earnings per share for the quarter. The firm had revenue of $30.22 million during the quarter. Seven Stars Cloud Group had a negative return on equity of 86.92% and a negative net margin of 22.98%.

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About Seven Stars Cloud Group

Seven Stars Cloud Group, Inc, formerly Wecast Network, Inc, is engaged in providing cloud-based, business to business (B2B) solutions for business landscape. The Company focuses on BASE technology and infrastructure including Blockchain, artificial intelligence, supply chain and exchanges to the virtual platform as a service (v pass).

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