November 21, 2016 - By Darrin Black · 0 Comments
The stock of Weibo Corporation Ads (NASDAQ:WB) registered an increase of 4.72% in short interest. WB’s total short interest was 5.61 million shares in November as published by FINRA. Its up 4.72% from 5.36M shares, reported previously. With 2.06 million shares average volume, it will take short sellers 3 days to cover their WB’s short positions. The short interest to Weibo Corporation Ads’s float is 23.31%. About 368,834 shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 101.73% since April 19, 2016 and is uptrending. It has outperformed by 97.87% the S&P500.
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The company has a market cap of $9.72 billion. The Firm provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It has a 224.97 P/E ratio. It operates in two divisions: advertising and marketing services and other services.
Insitutional Activity: The institutional sentiment increased to 3.41 in 2016 Q2. Its up 1.38, from 2.03 in 2016Q1. The ratio improved, as 10 funds sold all Weibo Corp (ADR) shares owned while 20 reduced positions. 41 funds bought stakes while 20 increased positions. They now own 18.23 million shares or 18.81% more from 15.34 million shares in 2016Q1.
Voloridge Investment Mngmt Limited Company accumulated 0.14% or 178,401 shares. D E Shaw And Inc has 0% invested in the company for 8,450 shares. The Pennsylvania-based Symmetry Peak Mngmt Limited Com has invested 0.28% in Weibo Corp (ADR) (NASDAQ:WB). Moreover, Segantii Capital Management Ltd has 0.02% invested in Weibo Corp (ADR) (NASDAQ:WB) for 500 shares. Advsrs Asset Mgmt reported 16,031 shares or 0.01% of all its holdings. Hap Trading Ltd Liability Com has invested 0.02% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Guggenheim Limited Liability holds 0% or 43,090 shares in its portfolio. Acadian Asset Management Ltd Liability accumulated 489,191 shares or 0.07% of the stock. Allianz Asset Ag has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Lpl Financial Limited Company has 0% invested in the company for 13,533 shares. California Employees Retirement Systems, a California-based fund reported 66,200 shares. Eton Park Capital Mngmt Limited Partnership accumulated 0.37% or 857,024 shares. Spot Trading Ltd Liability Com has invested 0.02% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). The New York-based Financial Bank Of New York Mellon has invested 0% in Weibo Corp (ADR) (NASDAQ:WB). Westpac last reported 807,718 shares in the company.
Out of 8 analysts covering Weibo Corp (NASDAQ:WB), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Weibo Corp has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, August 5 by Citigroup. The firm earned “Hold” rating on Wednesday, August 26 by Zacks. The company was downgraded on Thursday, October 29 by Citigroup. The firm has “Buy” rating by TH Capital given on Tuesday, November 17. The stock has “Overweight” rating given by JP Morgan on Wednesday, August 31. The firm has “Hold” rating by Zacks given on Friday, September 4. The company was maintained on Thursday, August 11 by Goldman Sachs. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. Summit Research upgraded it to “Hold” rating and $14 target price in Thursday, August 27 report. On Wednesday, August 19 the stock rating was maintained by Piper Jaffray with “Buy”.
Weibo Corporation, incorporated on July 2, 1905, is a social media platform for people to create, distribute and discover Chinese-language content. The Firm provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. The Firm operates through two divisions: advertising and marketing services, and other services. The Firm has a range of users, including ordinary people, celebrities and other public figures, as well as organizations, such as media outlets, businesses, government agencies and charities. The Company’s product categories include those for users, advertising and marketing clients and platform partners.
More important recent Weibo Corp (ADR) (NASDAQ:WB) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 18, 2011, also Investorplace.com published article titled: “Weibo Corp (ADR): Buy This Internet Stock on the Dip (WB)”, Investorplace.com published: “Weibo Corp (ADR) (WB) Stock Is Headed for the Big Leagues” on October 21, 2016. More interesting news about Weibo Corp (ADR) (NASDAQ:WB) was released by: Investorplace.com and their article: “SINA Corp (SINA) Will Distribute Weibo Corp (ADR) (WB) Shares” with publication date: August 31, 2016.
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By Darrin Black