Short Interest Alert: Zynga Class A (NASDAQ:ZNGA)’s Trend Unknown, Especially After Increased Shorts

November 22, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Alert: Zynga Class A (NASDAQ:ZNGA)’s Trend Unknown, Especially After Increased Shorts

The stock of Zynga Class A (NASDAQ:ZNGA) registered an increase of 19.21% in short interest. ZNGA’s total short interest was 22.49M shares in November as published by FINRA. Its up 19.21% from 18.86 million shares, reported previously. With 17.43 million shares average volume, it will take short sellers 1 days to cover their ZNGA’s short positions. The short interest to Zynga Class A’s float is 3.31%. About 3,265 shares traded hands. Zynga Inc (NASDAQ:ZNGA) has risen 12.90% since April 20, 2016 and is uptrending. It has outperformed by 8.35% the S&P500.

Zynga Inc. is a provider of social game services. The company has a market cap of $2.52 billion. The Firm develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System and Android and social networking sites, such as Facebook. It currently has negative earnings. The Firm operates through developing and monetizing social games segment.

Insitutional Activity: The institutional sentiment increased to 1.53 in Q2 2016. Its up 0.39, from 1.14 in 2016Q1. The ratio improved, as 22 funds sold all Zynga Inc shares owned while 50 reduced positions. 29 funds bought stakes while 53 increased positions. They now own 509.52 million shares or 7.17% more from 475.43 million shares in 2016Q1.
Bartlett And Limited Liability Corp has invested 0% of its portfolio in Zynga Inc (NASDAQ:ZNGA). Moreover, Ny State Common Retirement Fund has 0.01% invested in Zynga Inc (NASDAQ:ZNGA) for 1.70 million shares. Westpac Banking Corp reported 602,400 shares or 0% of all its holdings. Joel Isaacson & Ltd Liability Corporation accumulated 100 shares or 0% of the stock. Ubs Asset Management Americas holds 0% of its portfolio in Zynga Inc (NASDAQ:ZNGA) for 576,526 shares. Great West Life Assurance Co Can owns 114,013 shares or 0% of their US portfolio. State Bank Of Montreal Can has 6,312 shares for 0% of their US portfolio. The Illinois-based Hightower Advsr Limited Liability Co has invested 0% in Zynga Inc (NASDAQ:ZNGA). Jefferies Gp Incorporated Ltd Limited Liability Company has invested 0% of its portfolio in Zynga Inc (NASDAQ:ZNGA). Bluefin Trading Limited Com holds 0.01% or 30,862 shares in its portfolio. Moreover, Jane Street Group Limited Liability has 0% invested in Zynga Inc (NASDAQ:ZNGA) for 23,055 shares. Wells Fargo Com Mn accumulated 0% or 193,554 shares. Royal Natl Bank Of Canada reported 35,057 shares or 0% of all its holdings. The New York-based National Bank & Trust Of Ny Mellon has invested 0% in Zynga Inc (NASDAQ:ZNGA). Tudor Investment Corporation Et Al reported 82,170 shares or 0% of all its holdings.

Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 10 sales for $1.83 million net activity. Another trade for 5,981 shares valued at $17,285 was sold by Quejado Michelle. 223,168 Zynga Inc (NASDAQ:ZNGA) shares with value of $570,459 were sold by Shah Devang. GIBEAU FRANK D sold $621,272 worth of stock or 214,973 shares.

Zynga Inc (NASDAQ:ZNGA) Ratings Coverage

Out of 8 analysts covering Zynga (NASDAQ:ZNGA), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Zynga has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Benchmark given on Tuesday, February 9. The firm earned “Hold” rating on Friday, August 7 by Robert W. Baird. On Thursday, November 12 the stock rating was initiated by Oppenheimer with “Perform”. The rating was maintained by Pacific Crest on Monday, August 10 with “Equal Weight”. The stock of Zynga Inc (NASDAQ:ZNGA) has “Equal Weight” rating given on Monday, August 10 by Morgan Stanley. As per Monday, August 10, the company rating was maintained by Goldman Sachs. The stock has “Underperform” rating given by Bank of America on Monday, August 10. The company was maintained on Thursday, February 11 by Wedbush. Credit Suisse maintained Zynga Inc (NASDAQ:ZNGA) on Friday, August 7 with “Underperform” rating. On Friday, August 7 the stock rating was maintained by Wedbush with “Buy”.

ZNGA Company Profile

Zynga Inc., incorporate on October 26, 2007, is a well-known provider of social game services. The Firm develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) and Android and social networking sites, such as Facebook. The Firm operates through developing and monetizing social games segment. The Firm has developed various social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises. The Firm also launched various games on mobile and Web, including Words on Tour and FarmVille: Harvest Swap in the Casual category; Black Diamond Casino and Princess Bride Slots in the Social Casino category; Empires & Allies in the Action Strategy category, and Mountain Goat Mountain.

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By Nellie Frank


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