Short Interest Coverage: Baidu Ads (NASDAQ:BIDU) Can’t Be Less Risky. Short Interest Decreased

November 25, 2016 - By Louis Casey   ·   0 Comments

Short Interest Coverage: Baidu Ads (NASDAQ:BIDU) Can't Be Less Risky. Short Interest Decreased

The stock of Baidu Ads (NASDAQ:BIDU) registered a decrease of 15.12% in short interest. BIDU’s total short interest was 3.57 million shares in November as published by FINRA. Its down 15.12% from 4.20 million shares, reported previously. With 2.49 million shares average volume, it will take short sellers 1 days to cover their BIDU’s short positions. The short interest to Baidu Ads’s float is 1.32%. The stock increased 0.50% or $0.81 during the last trading session, hitting $164.44. About 924,649 shares traded hands. Baidu Inc (ADR) (NASDAQ:BIDU) has declined 14.22% since April 22, 2016 and is downtrending. It has underperformed by 19.63% the S&P500.

Baidu, Inc. is a Chinese language Internet search provider. The company has a market cap of $56.78 billion. The Firm offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. It has a 12.42 P/E ratio. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

Baidu Inc (ADR) (NASDAQ:BIDU) Ratings Coverage

Out of 18 analysts covering Baidu (NASDAQ:BIDU), 6 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 33% are positive. Baidu has been the topic of 29 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Brean Capital given on Friday, April 29. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) has “Overweight” rating given on Wednesday, May 11 by Morgan Stanley. Citigroup downgraded Baidu Inc (ADR) (NASDAQ:BIDU) on Monday, June 13 to “Neutral” rating. The rating was downgraded by Macquarie Research on Monday, October 31 to “Neutral”. TH Capital maintained Baidu Inc (ADR) (NASDAQ:BIDU) rating on Tuesday, October 27. TH Capital has “Buy” rating and $187 price target. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) has “Underperform” rating given on Wednesday, October 7 by Daiwa Securities. The firm has “Outperform” rating given on Monday, May 2 by Macquarie Research. The rating was maintained by Jefferies on Thursday, May 12 with “Buy”. The firm has “Outperform” rating by Credit Suisse given on Wednesday, July 20. The firm has “Outperform” rating given on Monday, February 22 by Credit Suisse.

BIDU Company Profile

Baidu, Inc., incorporated on January 18, 2000, is a Chinese language Internet search provider. The Firm offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers. The Company’s business consists of three divisions: search services, transaction services and iQiyi. Search services are keyword marketing services targeted at and triggered by Internet users’ search queries, which mainly include its pay-for-performance (P4P) services and other online marketing services. The Company’s transaction services include Baidu Nuomi, Baidu Takeout Delivery, Baidu Maps, Baidu Connect, Baidu Wallet and others. iQiyi is an online video platform with a content library that includes licensed movies, television series, cartoons, variety shows and other programs.

More notable recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Investorplace.com which released: “BIDU: Baidu Inc (ADR) Host Public Test of Self-Driving Cars in China” on November 17, 2016, also Fool.com with their article: “Better Buy: Facebook Inc vs. Baidu Inc (ADR)” published on November 02, 2016, Profitconfidential.com published: “Baidu Inc (ADR): This Will Determine Where BIDU Stock Goes Next” on October 24, 2016. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Investorplace.com and their article: “Should You Buy Baidu Inc (ADR) (BIDU) Stock? 3 Pros, 3 Cons” published on November 09, 2016 as well as Fool.com‘s news article titled: “Better Buy: Twitter Inc vs. Baidu Inc (ADR)” with publication date: October 17, 2016.

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By Louis Casey


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