Twitter Inc. (NYSE:TWTR) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 67,655,946 shares, an increase of 24.5% from the October 14th total of 54,345,952 shares. Based on an average daily volume of 32,500,261 shares, the short-interest ratio is currently 2.1 days. Approximately 11.4% of the company’s stock are sold short.

Several equities research analysts have recently issued reports on the stock. Loop Capital reaffirmed a “hold” rating and set a $16.00 price objective on shares of Twitter in a research report on Friday. Wedbush reaffirmed a “neutral” rating and set a $14.00 price objective on shares of Twitter in a research report on Friday. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $21.05 price objective for the company in a research report on Thursday. Mizuho reissued an “underperform” rating on shares of Twitter in a research report on Thursday. Finally, Zacks Investment Research cut shares of Twitter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Nine research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Twitter currently has a consensus rating of “Hold” and a consensus price target of $18.43.

In other news, insider Robert Kaiden sold 3,604 shares of Twitter stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $20.06, for a total transaction of $72,296.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Messinger sold 52,187 shares of Twitter stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $17.58, for a total transaction of $917,447.46. The disclosure for this sale can be found here. Insiders own 10.79% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC raised its position in shares of Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock worth $113,000 after buying an additional 3,099 shares during the period. Advisory Services Network LLC raised its position in shares of Twitter by 24.1% in the third quarter. Advisory Services Network LLC now owns 4,890 shares of the social networking company’s stock worth $113,000 after buying an additional 950 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in shares of Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock worth $129,000 after buying an additional 5,115 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Twitter during the second quarter worth about $152,000. Finally, Hartford Investment Management Co. raised its position in shares of Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock worth $174,000 after buying an additional 192 shares during the period. 41.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Twitter (NYSE:TWTR) opened at 18.55 on Monday. The firm’s 50 day moving average is $19.27 and its 200-day moving average is $17.51. Twitter has a 52-week low of $13.73 and a 52-week high of $26.70. The company’s market capitalization is $13.14 billion.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 27th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.28. Twitter had a negative net margin of 15.06% and a negative return on equity of 5.18%. The business had revenue of $616 million for the quarter, compared to analyst estimates of $606.40 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Twitter’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that Twitter will post $0.52 earnings per share for the current fiscal year.

About Twitter

Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.

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