Short Interest to Follow: Fang Holdings Limited (NYSE:SFUN) Reports Decline in Sellers; Strong Momentum for Longs

November 15, 2016 - By Ellis Scott   ·   0 Comments

Short Interest to Follow: Fang Holdings Limited (NYSE:SFUN) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Fang Holdings Limited (NYSE:SFUN) registered a decrease of 5.48% in short interest. SFUN’s total short interest was 19.19 million shares in November as published by FINRA. Its down 5.48% from 20.30 million shares, reported previously. With 3.24 million shares average volume, it will take short sellers 6 days to cover their SFUN’s short positions. The short interest to Fang Holdings Limited’s float is 7.07%. About 2.75M shares traded hands. Fang Holdings Ltd (NYSE:SFUN) has declined 49.50% since April 13, 2016 and is downtrending. It has underperformed by 53.43% the S&P500.

Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The company has a market cap of $1.43 billion. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. It currently has negative earnings. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services.

Fang Holdings Ltd (NYSE:SFUN) Ratings Coverage

Out of 10 analysts covering SouFun Holdings (NYSE:SFUN), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Agricole on Monday, October 19. On Tuesday, June 7 the stock rating was initiated by Brean Capital with “Hold”. The rating was downgraded by CLSA on Monday, August 10 to “Buy”. The firm earned “Sell” rating on Friday, August 26 by CLSA. CSLA downgraded the stock to “Outperform” rating in Monday, October 19 report. Credit Agricole upgraded Fang Holdings Ltd (NYSE:SFUN) on Thursday, September 3 to “Buy” rating. TH Capital upgraded the stock to “Buy” rating in Tuesday, August 4 report. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, November 30. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Outperform” rating given on Monday, August 10 by Credit Agricole. The firm has “Overweight” rating given on Monday, March 21 by Morgan Stanley.

SFUN Company Profile

Fang Holdings Limited, formerly SouFun Holdings Limited, incorporated on June 17, 2004, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The Company’s service offerings include marketing services, E-commerce services, listing services, Financial services and other value-added services.

Another recent and important Fang Holdings Ltd (NYSE:SFUN) news was published by Streetinsider.com which published an article titled: “Form 6-K Fang Holdings Ltd For: Sep 23” on September 23, 2016.

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By Ellis Scott


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