Short Interest in Twitter Inc. (TWTR) Drops By 21.3%
Twitter Inc. (NYSE:TWTR) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 53,263,566 shares, a decline of 21.3% from the October 31st total of 67,655,946 shares. Based on an average daily trading volume, of 23,724,328 shares, the short-interest ratio is presently 2.2 days. Approximately 8.9% of the company’s stock are sold short.
Several analysts recently issued reports on TWTR shares. MKM Partners set a $18.50 target price on shares of Twitter and gave the company a “hold” rating in a research report on Sunday, September 4th. Nomura restated a “neutral” rating and set a $13.00 target price on shares of Twitter in a research report on Monday, October 31st. Vetr lowered shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $21.08 target price for the company. in a research report on Wednesday, November 9th. Wedbush restated a “neutral” rating and set a $14.00 target price on shares of Twitter in a research report on Monday, October 24th. Finally, Axiom Securities restated a “hold” rating and set a $18.00 target price (up from $16.00) on shares of Twitter in a research report on Monday, October 31st. Ten equities 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 assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $18.43.
In other news, insider Robert Kaiden sold 3,604 shares of Twitter stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $20.06, for a total value of $72,296.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Messinger sold 52,187 shares of Twitter stock in a transaction that occurred 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. 10.79% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Apriem Advisors increased its position in shares of Twitter by 4.5% in the third quarter. Apriem Advisors now owns 4,650 shares of the social networking company’s stock worth $107,000 after buying an additional 200 shares in the last quarter. Integrated Investment Consultants LLC increased 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 in the last quarter. Advisory Services Network LLC increased 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 in the last quarter. Mizuho Asset Management Co. Ltd. increased 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 in the last quarter. Finally, Edmond de Rothschild Europe bought a new position in shares of Twitter during the third quarter worth approximately $149,000. 44.28% of the stock is owned by institutional investors and hedge funds.
Shares of Twitter (NYSE:TWTR) opened at 18.49 on Thursday. The firm’s market cap is $13.09 billion. The stock’s 50 day moving average is $17.99 and its 200-day moving average is $17.88. Twitter has a 52 week low of $13.73 and a 52 week high of $26.25.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 27th. The social networking company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.28. Twitter had a negative return on equity of 5.18% and a negative net margin of 15.06%. The business earned $616 million during the quarter, compared to the consensus estimate of $606.40 million. During the same period in the previous year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts predict that Twitter will post $0.52 EPS for the current fiscal year.
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Twitter Company Profile
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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