Short Interest Worth Watching: Alibaba Group Holding Limited (NYSE:BABA) Can’t Be Less Risky. Short Interest Decreased

November 25, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Worth Watching: Alibaba Group Holding Limited (NYSE:BABA) Can't Be Less Risky. Short Interest Decreased

The stock of Alibaba Group Holding Limited (NYSE:BABA) registered a decrease of 5.98% in short interest. BABA’s total short interest was 111.65M shares in November as published by FINRA. Its down 5.98% from 118.76M shares, reported previously. With 9.65M shares average volume, it will take short sellers 12 days to cover their BABA’s short positions. The short interest to Alibaba Group Holding Limited’s float is 10.3%. About 20,099 shares traded hands. Alibaba Group Holding Ltd (NYSE:BABA) has risen 16.45% since April 22, 2016 and is uptrending. It has outperformed by 11.04% the S&P500.

Alibaba Group Holding Limited is a holding company. The company has a market cap of $229.82 billion. The Firm is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China and internationally. It has a 49.81 P/E ratio. It operates through the provision of online and mobile commerce and related services segment.

Alibaba Group Holding Ltd (NYSE:BABA) Ratings Coverage

Out of 31 analysts covering Alibaba (NYSE:BABA), 30 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 97% are positive. Alibaba has been the topic of 87 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Thursday, August 13, the company rating was downgraded by Atlantic Securities. The firm has “Outperform” rating by Oppenheimer given on Wednesday, October 28. The rating was maintained by JP Morgan with “Overweight” on Saturday, August 22. The stock has “Buy” rating given by Daiwa Securities on Wednesday, September 28. Morgan Stanley maintained it with “Overweight” rating and $101 target price in Wednesday, October 28 report. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Buy” rating by Deutsche Bank on Monday, April 25. The stock has “Buy” rating given by Axiom Capital on Monday, September 14. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Buy” rating by Deutsche Bank on Thursday, March 24. The firm has “Outperform” rating given on Wednesday, October 28 by RBC Capital Markets. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has “Buy” rating given on Thursday, August 13 by Axiom Capital.

BABA Company Profile

Alibaba Group Holding Limited, incorporated on June 28, 1999, is a holding company. The Firm is principally engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (the PRC or China) and internationally. It operates through the provision of online and mobile commerce and related services segment. The Firm provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from clients through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting clients around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).

More notable recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Profitconfidential.com which released: “BABA Stock: Alibaba Group Holding Ltd’s $1.0-Billion Surprise” on November 23, 2016, also Profitconfidential.com with their article: “Alibaba Group Holding Ltd: Why BABA Stock could Surge” published on October 28, 2016, Profitconfidential.com published: “Alibaba Group Holding Ltd: What Is Holding Back BABA Stock?” on November 02, 2016. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Profitconfidential.com and their article: “Alibaba Group Holding Ltd: BABA Stock Is Misunderstood” published on November 12, 2016 as well as Valuewalk.com‘s news article titled: “Alibaba Group Holding Ltd Shares Jump After Earnings Beat” with publication date: November 02, 2016.

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By Nellie Frank


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