Today’s Shorts Alert: Could Take-two Interact Software (NASDAQ:TTWO) Go Down After Its Newest Short Interest Report?

November 18, 2016 - By Hazel Jackson   ·   0 Comments

Today's Shorts Alert: Could Take two Interact Software (NASDAQ:TTWO) Go Down After Its Newest Short Interest Report?

The stock of Take-two Interact Software (NASDAQ:TTWO) registered a decrease of 5.43% in short interest. TTWO’s total short interest was 12.51M shares in November as published by FINRA. Its down 5.43% from 13.23M shares, reported previously. With 1.41M shares average volume, it will take short sellers 9 days to cover their TTWO’s short positions. The short interest to Take-two Interact Software’s float is 15.76%. About 84,041 shares traded hands. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 32.29% since April 18, 2016 and is uptrending. It has outperformed by 27.86% the S&P500.

Take-Two Interactive Software, Inc. is a developer, publisher and marketer of entertainment for clients around the world. The company has a market cap of $4.40 billion. The Firm develops and publishes products through its labels, Rockstar Games and 2K. It currently has negative earnings. It operates through publishing segment.

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.05, from 1.03 in 2016Q1. The ratio dropped, as 33 funds sold all Take-Two Interactive Software, Inc. shares owned while 85 reduced positions. 48 funds bought stakes while 73 increased positions. They now own 98.88 million shares or 1.76% more from 97.17 million shares in 2016Q1.
Rothschild Asset Mngmt Incorporated has 0.5% invested in the company for 735,085 shares. Canada Pension Plan Invest Board has invested 0.03% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Boothbay Fund Limited Liability Corporation, a New York-based fund reported 5,292 shares. 1832 Asset Mgmt Ltd Partnership accumulated 0% or 150 shares. Cornerstone Cap Mgmt Lc holds 40,638 shares or 0.01% of its portfolio. Ajo Lp holds 4.99 million shares or 0.84% of its portfolio. Impala Asset Ltd Liability, a Connecticut-based fund reported 1.15M shares. Moreover, Us Bank De has 0% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 5,598 shares. State Board Of Administration Of Florida Retirement Sys last reported 57,873 shares in the company. Ivory Invest Management Lc accumulated 1.63M shares or 1.71% of the stock. Invesco Ltd owns 3.69M shares or 0.05% of their US portfolio. Financial Management Professionals Incorporated accumulated 0% or 165 shares. Act Ii Management Lp, a New York-based fund reported 221,200 shares. The New York-based Partners Ltd Liability Corp has invested 0.61% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Vanguard Gru owns 6.61M shares or 0.02% of their US portfolio.

Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 9 insider sales for $8.41 million net activity. Sheresky Michael sold 494 shares worth $23,712. The insider ZELNICK STRAUSS sold $1.96 million. Another trade for 16,348 shares valued at $640,163 was made by Emerson Daniel P on Wednesday, June 8. Another trade for 11,500 shares valued at $456,113 was sold by Dornemann Michael. 10,000 shares were sold by Moses Jon J, worth $389,000. On Friday, May 20 Slatoff Karl sold $13.39 million worth of the stock or 368,168 shares. Goldstein Lainie had sold 56,167 shares worth $2.79M on Monday, November 7.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Ratings Coverage

Out of 11 analysts covering Take-Two Interactive Software (NASDAQ:TTWO), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. Take-Two Interactive Software has been the topic of 24 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by M Partners on Thursday, February 4 with “Buy”. The firm has “Overweight” rating given on Tuesday, August 11 by Piper Jaffray. As per Thursday, September 3, the company rating was upgraded by BTIG Research. The rating was maintained by Brean Capital with “Buy” on Tuesday, August 11. The rating was initiated by BMO Capital Markets with “Outperform” on Wednesday, April 27. The rating was maintained by Jefferies with “Buy” on Tuesday, August 9. The rating was maintained by Wedbush on Thursday, February 4 with “Neutral”. The stock has “Buy” rating given by Mizuho on Friday, November 6.

TTWO Company Profile

Take-Two Interactive Software, Inc., incorporated on October 30, 1993, is a developer, publisher and marketer of entertainment for clients around the world. The Firm develops and publishes products through its two labels, Rockstar Games and 2K. It operates through publishing segment. The Firm has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world. The Company’s products are designed for console gaming systems, such as Sony Computer Entertainment, Inc.’s PlayStation 3 and PlayStation 4, Microsoft Corporation’s Xbox 360 and Xbox One, and personal computers, including smartphones and tablets. It delivers its products through physical retail, digital download, online platforms and cloud streaming services.

More important recent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) news were published by: Profitconfidential.com which released: “Take-Two Interactive Software, Inc.: TTWO Stock Looking Great” on November 05, 2016, also Businesswire.com published article titled: “Take-Two Interactive Software, Inc. Reports Strong Results for Fiscal Second …”, Businesswire.com published: “Take-Two Interactive Software, Inc. to Present at Credit Suisse Technology …” on November 14, 2016. More interesting news about Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was released by: Seekingalpha.com and their article: “A Long Case For Take-Two Interactive Software, Inc.” with publication date: October 20, 2016.

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By Hazel Jackson


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