Line Corp (NYSE:LN) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 5,514,529 shares, a growth of 59.2% from the October 14th total of 3,462,989 shares. Based on an average daily volume of 1,112,924 shares, the days-to-cover ratio is presently 5.0 days.

Several hedge funds and other institutional investors have recently bought and sold shares of LN. Picton Mahoney Asset Management acquired a new stake in shares of Line Corp during the third quarter valued at approximately $101,000. First American Bank acquired a new stake in shares of Line Corp during the third quarter valued at approximately $291,000. FNY Managed Accounts LLC acquired a new stake in shares of Line Corp during the third quarter valued at approximately $339,000. Sei Investments Co. acquired a new stake in shares of Line Corp during the third quarter valued at approximately $346,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Line Corp during the third quarter valued at approximately $544,000.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Line Corp from a “sell” rating to a “hold” rating in a research note on Thursday. Deutsche Bank AG downgraded Line Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Macquarie cut Line Corp from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 27th. JPMorgan Chase & Co. initiated coverage on Line Corp in a research report on Wednesday, August 24th. They issued a “neutral” rating for the company. Finally, Jefferies Group cut Line Corp from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Line Corp currently has an average rating of “Hold”.

Shares of Line Corp (NYSE:LN) opened at 38.61 on Friday. The firm has a 50 day moving average price of $43.08 and a 200-day moving average price of $42.65. The firm has a market cap of $8.39 billion and a PE ratio of 169.34. Line Corp has a 12 month low of $36.01 and a 12 month high of $51.48.

About Line Corp

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.

5 Day Chart for NYSE:LN

Receive News & Stock Ratings for Line Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Line Corp and related stocks with our FREE daily email newsletter.