Today’s Stock On Watch: After Reaching Milestone, Is 500com Limited (NYSE:WBAI)’s Short Interest Revealing Something?

November 21, 2016 - By Winifred Garcia   ·   0 Comments

Today's Stock On Watch: After Reaching Milestone, Is 500com Limited (NYSE:WBAI)’s Short Interest Revealing Something?

The stock of 500com Limited (NYSE:WBAI) registered a decrease of 4.52% in short interest. WBAI’s total short interest was 3.52M shares in November as published by FINRA. Its down 4.52% from 3.69 million shares, reported previously. With 167,100 shares average volume, it will take short sellers 21 days to cover their WBAI’s short positions. The short interest to 500com Limited’s float is 17.43%. About 8,072 shares traded hands. 500.com Ltd (NYSE:WBAI) has declined 26.95% since April 19, 2016 and is downtrending. It has underperformed by 30.81% the S&P500.

500.com Limited is an online sports lottery service well-known provider in China. The company has a market cap of $562.10 million. The Firm acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. It currently has negative earnings. The Firm offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users.

WBAI Company Profile

500.com Limited, incorporated on April 20, 2007, is an online sports lottery service well-known provider in China. The Firm acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. The Firm offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users. The Firm provides its registered users with a range of lottery sales services that include Individual Lottery Purchase, Lottery Pool Purchase, Automatic Tag-along Purchase, Recurring Purchase and Locked-in Lottery Number Purchase.

More notable recent 500.com Ltd (NYSE:WBAI) news were published by: Prnewswire.com which released: “500.com Limited Files Annual Report on Form 20-F for Fiscal Year 2014” on April 27, 2015, also Fool.com with their article: “Why 500.com Ltd. Stock Plunged (Again) Today” published on February 25, 2015, Streetinsider.com published: “Form 6-K 500.com Ltd For: Nov 08” on November 08, 2016. More interesting news about 500.com Ltd (NYSE:WBAI) were released by: Streetinsider.com and their article: “500.com Ltd. (WBAI) Misses Q1 EPS Views; CEO Man San Law Resigns” published on May 19, 2015 as well as Marketwatch.com‘s news article titled: “Plus the latest data from Realtor.com on 21 home markets across the US” with publication date: November 21, 2013.

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By Winifred Garcia


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