51job, Inc. (JOBS) Sees Large Growth in Short Interest
51job, Inc. (NASDAQ:JOBS) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 1,904,059 shares, a growth of 49.6% from the July 31st total of 1,273,087 shares. Based on an average daily volume of 253,695 shares, the short-interest ratio is currently 7.5 days.
Institutional investors have recently added to or reduced their stakes in the stock. Harding Loevner LP raised its stake in shares of 51job by 11.0% in the second quarter. Harding Loevner LP now owns 4,902,938 shares of the company’s stock worth $219,308,000 after buying an additional 485,593 shares during the last quarter. FIL Ltd raised its stake in shares of 51job by 2.1% in the first quarter. FIL Ltd now owns 1,971,099 shares of the company’s stock worth $72,260,000 after buying an additional 41,109 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of 51job by 38.1% in the second quarter. Wasatch Advisors Inc. now owns 687,352 shares of the company’s stock worth $30,745,000 after buying an additional 189,485 shares during the last quarter. Sensato Investors LLC raised its stake in shares of 51job by 18.0% in the second quarter. Sensato Investors LLC now owns 525,012 shares of the company’s stock worth $23,484,000 after buying an additional 80,269 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of 51job during the second quarter worth $19,027,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.
51job (NASDAQ:JOBS) opened at 58.87 on Thursday. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 42.88 and a beta of 1.33. 51job has a 52-week low of $31.25 and a 52-week high of $59.64. The stock has a 50 day moving average price of $51.90 and a 200 day moving average price of $43.22.
Several research firms have recently issued reports on JOBS. Macquarie upgraded 51job from a “neutral” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, August 4th. BidaskClub upgraded 51job from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd.
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51job, Inc is a holding company. The Company is a provider of integrated human resource services in China. The Company focuses on online recruitment advertising. The Company operates over three Websites, including www.51job.com, www.yingjiesheng.com and www.51jingying.com, which are utilized by a base of corporate employers, reach an audience of job seekers and aggregate job information from over 100 cities across China.
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