Short Interest Worth Mentioning Today: Can Sina Corporation (NASDAQ:SINA)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 16, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Worth Mentioning Today: Can Sina Corporation (NASDAQ:SINA)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Sina Corporation (NASDAQ:SINA) registered an increase of 10.74% in short interest. SINA’s total short interest was 1.42M shares in November as published by FINRA. Its up 10.74% from 1.28M shares, reported previously. With 2.28 million shares average volume, it will take short sellers 1 days to cover their SINA’s short positions. The short interest to Sina Corporation’s float is 2.98%. The stock increased 4.17% or $2.71 during the last trading session, hitting $67.68. SINA Corp (NASDAQ:SINA) has risen 35.14% since April 14, 2016 and is uptrending. It has outperformed by 30.46% the S&P500.

Sina Corporation is an online media firm serving China and the global Chinese communities. The company has a market cap of $4.49 billion. The Company’s digital media network of SINA.com , SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances. It has a 58.06 P/E ratio. The Company’s divisions include Portal advertising, Weibo Corporation (Weibo) and Others.

Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.12, from 1.08 in 2016Q1. The ratio is positive, as 15 funds sold all SINA Corp shares owned while 40 reduced positions. 34 funds bought stakes while 32 increased positions. They now own 35.07 million shares or 9.62% more from 31.99 million shares in 2016Q1.
Neuberger Berman Grp Ltd Co accumulated 0% or 7,488 shares. Sg Americas Securities Ltd Liability Corp holds 0.02% of its portfolio in SINA Corp (NASDAQ:SINA) for 43,112 shares. Allianz Asset Management Ag, a Germany-based fund reported 9,710 shares. Geode Capital Mngmt Ltd Company has 0% invested in the company for 28,191 shares. Credit Agricole S A accumulated 36,375 shares or 0.01% of the stock. Fosun Intl has 2.52 million shares for 12.66% of their US portfolio. Royal Fincl Bank Of Canada holds 0% of its portfolio in SINA Corp (NASDAQ:SINA) for 225 shares. Commonwealth Equity accumulated 0% or 8,994 shares. Susquehanna Gp Limited Liability Partnership, a Pennsylvania-based fund reported 304,455 shares. Pnc Grp Inc Inc holds 0% or 118 shares in its portfolio. Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 70,000 shares. Hillhouse Cap Limited has invested 1.86% of its portfolio in SINA Corp (NASDAQ:SINA). Invesco, a Georgia-based fund reported 184,243 shares. Millennium Management Lc holds 0.01% of its portfolio in SINA Corp (NASDAQ:SINA) for 81,008 shares. Global X Management Ltd Liability Co, a New York-based fund reported 64,996 shares.

SINA Corp (NASDAQ:SINA) Ratings Coverage

Out of 8 analysts covering Sina Corporation (NASDAQ:SINA), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Sina Corporation has been the topic of 11 analyst reports since August 19, 2015 according to StockzIntelligence Inc. JP Morgan reinitiated the shares of SINA in a report on Wednesday, August 31 with “Overweight” rating. TH Capital upgraded it to “Buy” rating and $62 target price in Monday, August 17 report. As per Thursday, October 29, the company rating was downgraded by Citigroup. Brean Capital maintained the shares of SINA in a report on Thursday, November 19 with “Buy” rating. The company was downgraded on Monday, November 30 by Goldman Sachs. The rating was initiated by Citigroup on Friday, August 5 with “Buy”. The firm earned “Buy” rating on Friday, July 22 by Jefferies. The stock of SINA Corp (NASDAQ:SINA) earned “Buy” rating by Brean Capital on Wednesday, September 14.

SINA Company Profile

Sina Corporation, incorporated on July 9, 1997, is an online media firm serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances. The Company’s divisions include Portal advertising, Weibo Corporation (Weibo) and Others.

More notable recent SINA Corp (NASDAQ:SINA) news were published by: Fool.com which released: “Why SINA Corp. Stock Soared Today” on August 09, 2016, also Wsj.com with their article: “China Threatens Sina Corp. Over Insufficient Censorship” published on April 11, 2015, Prnewswire.com published: “SINA Corporation to Report Third Quarter 2016 Financial Results on November 21 …” on November 14, 2016. More interesting news about SINA Corp (NASDAQ:SINA) were released by: Profitconfidential.com and their article: “SINA Corp: This Is the No. 1 Internet Stock of 2017” published on September 02, 2016 as well as Streetinsider.com‘s news article titled: “Sina Corp (SINA) Board Approves Weibo Share Distribution” with publication date: August 31, 2016.

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By Clifton Ray


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