Twitter Inc (NYSE:TWTR) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 55,172,651 shares, a growth of 17.2% from the July 13th total of 47,088,911 shares. Based on an average daily volume of 36,791,307 shares, the days-to-cover ratio is currently 1.5 days. Currently, 7.8% of the company’s stock are short sold.

Shares of Twitter stock opened at $32.80 on Tuesday. The company has a market capitalization of $24.26 billion, a price-to-earnings ratio of 542.50, a P/E/G ratio of 4.08 and a beta of 0.68. Twitter has a 52 week low of $15.77 and a 52 week high of $47.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.00 and a current ratio of 11.00.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Friday, July 27th. The social networking company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $710.54 million for the quarter, compared to analyst estimates of $697.35 million. Twitter had a net margin of 8.57% and a return on equity of 4.37%. The firm’s revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. analysts anticipate that Twitter will post 0.36 EPS for the current fiscal year.

In other news, VP Matthew Derella sold 7,008 shares of the stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $44.46, for a total transaction of $311,575.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Evan Clark Williams sold 24,643 shares of the stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $33.47, for a total transaction of $824,801.21. Following the sale, the director now directly owns 1,930,434 shares in the company, valued at approximately $64,611,625.98. The disclosure for this sale can be found here. Insiders have sold 2,791,954 shares of company stock worth $121,932,783 in the last three months. Corporate insiders own 6.62% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TWTR. American Century Companies Inc. purchased a new position in shares of Twitter during the second quarter worth approximately $118,445,000. Summit Trail Advisors LLC grew its position in shares of Twitter by 2,102.8% during the first quarter. Summit Trail Advisors LLC now owns 2,146,516 shares of the social networking company’s stock worth $2,147,000 after acquiring an additional 2,049,071 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Twitter during the first quarter worth approximately $54,168,000. Schwab Charles Investment Management Inc. grew its position in shares of Twitter by 76.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,460,173 shares of the social networking company’s stock worth $107,436,000 after acquiring an additional 1,064,166 shares during the last quarter. Finally, Columbus Circle Investors purchased a new position in shares of Twitter during the second quarter worth approximately $45,083,000. Institutional investors own 59.96% of the company’s stock.

Several brokerages have recently issued reports on TWTR. UBS Group increased their price target on shares of Twitter from $36.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 15th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Saturday, July 7th. Wells Fargo & Co reissued a “market perform” rating and set a $42.00 price target (up previously from $32.00) on shares of Twitter in a research report on Tuesday, July 3rd. Macquarie cut shares of Twitter from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $36.00 to $42.00 in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, Cleveland Research set a $46.00 price target on shares of Twitter and gave the stock a “hold” rating in a research report on Tuesday, July 10th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $33.10.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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