Short Interest Alert: What’s Next for You on Demand Holdings Incorporated (NASDAQ:YOD) After Having More Shares Shorted?

November 22, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Alert: What's Next for You on Demand Holdings Incorporated (NASDAQ:YOD) After Having More Shares Shorted?

The stock of You on Demand Holdings Incorporated (NASDAQ:YOD) registered an increase of 0.79% in short interest. YOD’s total short interest was 1.37 million shares in November as published by FINRA. Its up 0.79% from 1.36 million shares, reported previously. With 50,200 shares average volume, it will take short sellers 27 days to cover their YOD’s short positions. The short interest to You on Demand Holdings Incorporated’s float is 4.46%. The stock decreased 2.96% or $0.04 on November 21, hitting $1.31. Wecast Network Inc (NASDAQ:WCST) has declined 26.40% since April 20, 2016 and is downtrending. It has underperformed by 30.96% the S&P500.

Wecast Network, Inc., formerly YOU On Demand Holdings, Inc., is a content video on demand service well-known provider with activities in the People’s Republic of China. The company has a market cap of $55.14 million. The Company, through its subsidiaries and variable interest entity, provides content and integrated value-added service solutions for the delivery of VOD and paid video programming to digital cable providers, Internet Protocol Television (IPTV) providers, over-the-top (OTT) streaming providers, mobile manufacturers and operators, as well as direct customers. It currently has negative earnings. The Firm operates through video content and media segment.

Insitutional Activity: The institutional sentiment decreased to 0.2 in 2016 Q2. Its down 0.40, from 0.6 in 2016Q1. The ratio worsened, as 3 funds sold all Wecast Network Inc shares owned while 2 reduced positions. 0 funds bought stakes while 3 increased positions. They now own 1.30 million shares or 2.47% more from 1.27 million shares in 2016Q1.
Bank Of America De last reported 0% of its portfolio in the stock. Salzhauer Michael accumulated 0.03% or 25,000 shares. Goldman Sachs Grp Inc holds 0% of its portfolio in Wecast Network Inc (NASDAQ:WCST) for 49,692 shares. Blackrock Fund last reported 0% of its portfolio in the stock. Geode Management Ltd Limited Liability Company holds 0% or 15,827 shares in its portfolio. Moreover, Waters Parkerson And Co Ltd Co has 0% invested in Wecast Network Inc (NASDAQ:WCST) for 10,000 shares. Royal Financial Bank Of Canada holds 0% of its portfolio in Wecast Network Inc (NASDAQ:WCST) for 15,976 shares. Citadel Advisors Ltd holds 0% or 59,973 shares in its portfolio. Vanguard Gru accumulated 0% or 349,661 shares. Morgan Stanley accumulated 0% or 2,500 shares. Fil Ltd holds 731,872 shares or 0% of its portfolio. Blackrock Inv Mngmt Limited accumulated 2,860 shares or 0% of the stock.

WCST Company Profile

YOU On Demand Holdings, Inc. (YOU On Demand), incorporated on October 19, 2004, is a content video on demand (VOD) service well-known provider with main activities in the People’s Republic of China. The Company, through its subsidiaries and variable interest entity, provides content and integrated value-added service solutions for the delivery of VOD and paid video programming to digital cable providers, Internet Protocol Television (IPTV) providers, over-the-top (OTT) streaming providers, mobile manufacturers and operators, as well as direct customers. The Firm operates through video content and media segment.

More important recent Wecast Network Inc (NASDAQ:WCST) news were published by: Prnewswire.com which released: “Wecast Network (formerly YOU On Demand) Announces Q3 2016 Results” on November 14, 2016, also Marketwatch.com published article titled: “Wecast Network Inc.”, Seekingalpha.com published: “You On Demand buying control of M.Y. Products, rebranding as WeCast Networks” on September 19, 2016. More interesting news about Wecast Network Inc (NASDAQ:WCST) was released by: Sacbee.com and their article: “Weekly Summary Corporate dividends, name changes, new listings” with publication date: November 18, 2016.

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By Dolores Ford

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