Short Interest in E-Commerce China Dangdang Inc. (DANG) Increases By 72.2%
E-Commerce China Dangdang Inc. (NYSE:DANG) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,005,016 shares, an increase of 72.2% from the August 31st total of 583,505 shares. Based on an average trading volume of 523,181 shares, the short-interest ratio is presently 1.9 days.
E-Commerce China Dangdang (NYSE:DANG) opened at 6.63 on Monday. The company has a 50 day moving average of $6.52 and a 200 day moving average of $6.51. E-Commerce China Dangdang has a 1-year low of $5.31 and a 1-year high of $7.69.
Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in E-Commerce China Dangdang by 24.7% in the first quarter. State Street Corp now owns 224,772 shares of the company’s stock worth $1,602,000 after buying an additional 44,485 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in E-Commerce China Dangdang by 4.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 70,000 shares of the company’s stock worth $499,000 after buying an additional 2,900 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in E-Commerce China Dangdang during the first quarter worth $3,174,000. Bank of Montreal Can purchased a new stake in E-Commerce China Dangdang during the second quarter worth $116,000. Finally, Kassirer Asset Management Corp raised its stake in E-Commerce China Dangdang by 525.0% in the second quarter. Kassirer Asset Management Corp now owns 375,000 shares of the company’s stock worth $2,269,000 after buying an additional 315,000 shares during the last quarter. Hedge funds and other institutional investors own 25.69% of the company’s stock.
About E-Commerce China Dangdang
E-Commerce China Dangdang Inc is a business to consumer e-commerce company. The Company is focused on selling books online. The Company operates and manages its business in the segment of the provision of a single class of global services for the delivery of content and applications over the Internet.
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