Weibo Corporation (NASDAQ:WB) Sees Significant Growth in Short Interest

Weibo Corporation (NASDAQ:WB) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 15,670,000 shares, anincreaseof175.9% from the June 30th total of 5,680,000 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is presently 15.1 days. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is presently 15.1 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Weibo from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.75.

Weibo Price Performance

WB stock opened at $9.76 on Wednesday. The company has a fifty day moving average price of $9.72 and a 200-day moving average price of $9.53. The company has a market capitalization of $2.37 billion, a P/E ratio of 7.07 and a beta of 0.10. Weibo has a 52-week low of $7.03 and a 52-week high of $12.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.72 and a current ratio of 2.72.

Weibo (NASDAQ:WB) last released its quarterly earnings results on Wednesday, May 21st. The information services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. The firm had revenue of $396.86 million during the quarter, compared to the consensus estimate of $394.21 million. Weibo had a net margin of 20.41% and a return on equity of 12.29%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, equities analysts expect that Weibo will post 1.62 EPS for the current year.

Institutional Investors Weigh In On Weibo

Large investors have recently modified their holdings of the company. Shell Asset Management Co. acquired a new stake in shares of Weibo during the fourth quarter worth $54,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Weibo by 22.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,653 shares of the information services provider’s stock worth $110,000 after buying an additional 2,135 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Weibo during the first quarter worth $117,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Weibo during the fourth quarter worth $133,000. Finally, Kathmere Capital Management LLC acquired a new stake in shares of Weibo during the first quarter worth $147,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.