Today’s Stock On Watch: YY Ads (NASDAQ:YY) Can’t Be More Risky. Short Interest Increased

November 22, 2016 - By Peter Erickson   ·   0 Comments

Today's Stock On Watch: YY Ads (NASDAQ:YY) Can't Be More Risky. Short Interest Increased

The stock of YY Ads (NASDAQ:YY) registered an increase of 1.22% in short interest. YY’s total short interest was 4.08 million shares in November as published by FINRA. Its up 1.22% from 4.03M shares, reported previously. With 2.64 million shares average volume, it will take short sellers 2 days to cover their YY’s short positions. The short interest to YY Ads’s float is 12.63%. About 84 shares traded hands. YY Inc (ADR) (NASDAQ:YY) has declined 30.31% since April 20, 2016 and is downtrending. It has underperformed by 34.87% the S&P500.

YY Inc. is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The company has a market cap of $1.61 billion. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. It has a 16.53 P/E ratio. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

YY Inc (ADR) (NASDAQ:YY) Ratings Coverage

Out of 3 analysts covering YY Inc (NASDAQ:YY), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. YY Inc has been the topic of 5 analyst reports since August 17, 2015 according to StockzIntelligence Inc. JP Morgan initiated YY Inc (ADR) (NASDAQ:YY) rating on Wednesday, August 31. JP Morgan has “Overweight” rating and $62 price target. As per Thursday, August 20, the company rating was downgraded by Zacks. The company was maintained on Friday, August 14 by Piper Jaffray. The rating was initiated by HSBC with “Buy” on Monday, October 31. As per Monday, August 17, the company rating was downgraded by Pacific Crest.

YY Company Profile

YY Inc. (YY), incorporated on July 22, 2011, is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. The Firm owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company’s YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan.

Another recent and important YY Inc (ADR) (NASDAQ:YY) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on November 21, 2012.

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By Peter Erickson


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