Twitter Inc (TWTR) Sees Large Increase in Short Interest

Twitter Inc (NYSE:TWTR) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 41,565,902 shares, an increase of 9.0% from the January 12th total of 38,130,883 shares. Based on an average daily volume of 31,691,606 shares, the short-interest ratio is currently 1.3 days. Currently, 6.4% of the company’s shares are short sold.

A number of research firms have recently commented on TWTR. Pivotal Research cut shares of Twitter from a “hold” rating to a “sell” rating and set a $21.00 price target on the stock. in a report on Thursday, February 8th. JPMorgan Chase & Co. upped their price target on shares of Twitter to $36.00 and gave the stock an “overweight” rating in a report on Friday. Vetr cut shares of Twitter from a “buy” rating to a “hold” rating and set a $29.35 price target on the stock. in a report on Monday. BMO Capital Markets upped their price target on shares of Twitter from $22.00 to $28.00 and gave the stock a “market perform” rating in a report on Monday. Finally, SunTrust Banks upped their price target on shares of Twitter to $29.00 and gave the stock a “hold” rating in a report on Friday. They noted that the move was a valuation call. Eight analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have given a buy rating to the company’s stock. Twitter has a consensus rating of “Hold” and a consensus target price of $22.79.

In other news, Director Evan Clark Williams sold 18,347 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $22.33, for a total value of $409,688.51. Following the transaction, the director now directly owns 2,254,971 shares in the company, valued at $50,353,502.43. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Kaiden sold 12,734 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $24.99, for a total transaction of $318,222.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,225,011 shares of company stock worth $69,509,411. Company insiders own 9.18% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Carnegie Capital Asset Management LLC boosted its holdings in shares of Twitter by 8.3% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 112,775 shares of the social networking company’s stock valued at $3,035,000 after buying an additional 8,600 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Twitter in the 4th quarter valued at about $1,822,000. Barometer Capital Management Inc. bought a new stake in shares of Twitter in the 4th quarter valued at about $5,863,000. ARK Investment Management LLC boosted its holdings in shares of Twitter by 35.5% in the 4th quarter. ARK Investment Management LLC now owns 2,215,686 shares of the social networking company’s stock valued at $53,199,000 after buying an additional 580,187 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Twitter in the 4th quarter valued at about $10,693,000. Institutional investors and hedge funds own 49.26% of the company’s stock.

Shares of Twitter (NYSE TWTR) opened at $30.95 on Tuesday. Twitter has a 1-year low of $14.12 and a 1-year high of $35.00. The firm has a market cap of $22,990.00, a PE ratio of -206.33, a PEG ratio of 13.74 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.79%. The business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $686.12 million. During the same period last year, the business earned $0.11 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. sell-side analysts predict that Twitter will post 0.11 earnings per share for the current fiscal year.

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About Twitter

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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