Shorts Action: What Next for Sito Mobile Limited (NASDAQ:SITO) Stock After Decrease in Shorted Shares?

November 16, 2016 - By Marie Mckinney   ·   0 Comments

Shorts Action: What Next for Sito Mobile Limited (NASDAQ:SITO) Stock After Decrease in Shorted Shares?

The stock of Sito Mobile Limited (NASDAQ:SITO) registered a decrease of 3.1% in short interest. SITO’s total short interest was 303,000 shares in November as published by FINRA. Its down 3.1% from 312,700 shares, reported previously. With 56,300 shares average volume, it will take short sellers 5 days to cover their SITO’s short positions. The short interest to Sito Mobile Limited’s float is 2.24%. The stock decreased 14.04% or $0.75 on November 15, hitting $4.59. Sito Mobile Ltd (NASDAQ:SITO) has risen 77.22% since April 14, 2016 and is uptrending. It has outperformed by 72.53% the S&P500.

SITO Mobile, Ltd. operates a mobile location advertising platform serving businesses, advertisers and brands. The company has a market cap of $94.82 million. The Company’s offerings include SITO Location-Based Advertising and SITO Mobile Messaging. It currently has negative earnings. SITO Location-Based Advertising delivers display advertisements and videos on behalf of advertisers, including various features, such as Geo-fencing, Verified walk-in, Behavioral Targeting, and Analytics and Optimization.

SITO Company Profile

SITO Mobile, Ltd., incorporated on May 31, 2000, operates a mobile location advertising platform serving businesses, advertisers and brands. Through its platform, the Company’s solutions allow marketers to create content targeted to audiences, based on location, interests, behaviors and loyalty. The Company’s offerings include SITO Location-Based Advertising and SITO Mobile Messaging. SITO Location-Based Advertising delivers display advertisements and videos (rich media) on behalf of advertisers, including various features, such as Geo-fencing, Verified walk-in, Behavioral Targeting, and Analytics and Optimization. Geo-fencing targets clients within a certain radius of location and uses technology to push coupons, advertisements and promotions to mobile applications. Verified Walk-in tracks foot-traffic to locations and which advertisements drive action.

More recent Sito Mobile Ltd (NASDAQ:SITO) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on April 16, 2011. Also Streetinsider.com published the news titled: “Form 4 SITO MOBILE, LTD. For: Nov 09 Filed by: Streams Kurt” on November 15, 2016. Zacks.com‘s news article titled: “Why Sito Mobile (SITO) Might Surprise This Earnings Season” with publication date: November 11, 2016 was also an interesting one.

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By Marie Mckinney


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