Short Interest in Line Corp (LN) Expands By 47.4%
Line Corp (NYSE:LN) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 2,334,957 shares, a growth of 47.4% from the August 31st total of 1,584,624 shares. Based on an average daily trading volume, of 903,151 shares, the days-to-cover ratio is presently 2.6 days.
Shares of Line Corp (NYSE:LN) opened at 48.39 on Thursday. The firm has a market capitalization of $10.18 billion and a price-to-earnings ratio of 3226.00. The stock’s 50 day moving average price is $44.96 and its 200-day moving average price is $42.86. Line Corp has a 52 week low of $36.01 and a 52 week high of $51.48.
LN has been the topic of a number of recent research reports. Jefferies Group initiated coverage on Line Corp in a research note on Thursday, July 14th. They set a “buy” rating on the stock. JPMorgan Chase & Co. initiated coverage on Line Corp in a research note on Wednesday, August 24th. They set a “neutral” rating on the stock. Finally, Morgan Stanley initiated coverage on Line Corp in a research note on Monday, August 8th. They set an “overweight” rating on the stock.
Line Corp Company Profile
LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.
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