SINA Corp (NASDAQ:SINA) Short Interest Update
SINA Corp (NASDAQ:SINA) was the target of a significant increase in short interest in the month of November. As of November 29th, there was short interest totalling 1,450,000 shares, an increase of 10.7% from the November 14th total of 1,310,000 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average trading volume of 822,900 shares, the days-to-cover ratio is currently 1.8 days.
A number of equities research analysts have commented on SINA shares. ValuEngine raised SINA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BOCOM International raised SINA from a “neutral” rating to a “buy” rating in a report on Wednesday, August 21st. Citigroup set a $59.00 price target on SINA and gave the company a “buy” rating in a report on Wednesday, August 21st. BidaskClub cut SINA from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 25th. Finally, Goldman Sachs Group cut SINA from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. SINA has a consensus rating of “Hold” and an average target price of $61.81.
Several institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its position in SINA by 53.6% in the second quarter. Signaturefd LLC now owns 885 shares of the technology company’s stock worth $38,000 after acquiring an additional 309 shares in the last quarter. Thomas White International Ltd. boosted its position in shares of SINA by 1.4% during the second quarter. Thomas White International Ltd. now owns 31,802 shares of the technology company’s stock valued at $1,372,000 after buying an additional 444 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of SINA by 1.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 29,726 shares of the technology company’s stock valued at $1,282,000 after buying an additional 445 shares during the period. Boston Partners boosted its position in shares of SINA by 3.2% during the third quarter. Boston Partners now owns 22,498 shares of the technology company’s stock valued at $882,000 after buying an additional 704 shares during the period. Finally, Doliver Advisors LP boosted its position in shares of SINA by 13.1% during the third quarter. Doliver Advisors LP now owns 8,273 shares of the technology company’s stock valued at $338,000 after buying an additional 959 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.
SINA (NASDAQ:SINA) last issued its quarterly earnings data on Thursday, November 14th. The technology company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.35. The firm had revenue of $561.45 million during the quarter, compared to analyst estimates of $557.76 million. SINA had a return on equity of 3.08% and a net margin of 5.66%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. On average, equities analysts anticipate that SINA will post 1.73 earnings per share for the current year.
SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.
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