Trade Report: The Yahoo Inc. (YHOO) Short Interest Update

The Yahoo Inc. (YHOO) Short Interest Update

Yahoo Inc. (NASDAQ:YHOO) was the recipient of a large growth in short interest in October. As of October 14th, there was short interest totalling 51,064,113 shares, a growth of 8.7% from the September 30th total of 46,979,436 shares. Approximately 5.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,473,144 shares, the days-to-cover ratio is presently 6.0 days.

Yahoo (NASDAQ:YHOO) opened at 41.78 on Friday. The firm has a 50-day moving average of $42.87 and a 200 day moving average of $39.59. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The firm’s market capitalization is $40.00 billion.

Yahoo (NASDAQ:YHOO) last announced its quarterly earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The business earned $857 million during the quarter, compared to the consensus estimate of $1.31 billion. Yahoo had a negative net margin of 96.74% and a positive return on equity of 0.16%. The business’s revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. On average, equities analysts predict that Yahoo will post $0.58 EPS for the current year.

In other news, CRO Lisa Utzschneider sold 732 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $42.84, for a total transaction of $31,358.88. Following the sale, the executive now directly owns 612,081 shares in the company, valued at approximately $26,221,550.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. TCI Fund Management Ltd. bought a new position in shares of Yahoo during the first quarter worth about $530,211,000. Natixis increased its position in shares of Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock worth $518,987,000 after buying an additional 3,552,539 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Yahoo during the first quarter worth about $123,399,000. Legal & General Group Plc increased its position in shares of Yahoo by 4.2% in the first quarter. Legal & General Group Plc now owns 3,837,177 shares of the digital content provider’s stock worth $141,245,000 after buying an additional 155,635 shares in the last quarter. Finally, Pax World Management LLC increased its position in shares of Yahoo by 3.7% in the second quarter. Pax World Management LLC now owns 50,274 shares of the digital content provider’s stock worth $1,888,000 after buying an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.

YHOO has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Yahoo from a “hold” rating to a “strong sell” rating in a research report on Friday, July 22nd. Jefferies Group reissued a “buy” rating and issued a $43.00 price objective on shares of Yahoo in a research report on Monday, July 25th. Vetr raised shares of Yahoo from a “sell” rating to a “hold” rating and set a $43.17 price objective on the stock in a research report on Monday, September 5th. Bank of America Corp. reissued a “buy” rating and issued a $48.00 price objective on shares of Yahoo in a research report on Monday, July 25th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $49.00 price objective on shares of Yahoo in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $42.90.

About Yahoo

Related posts

Leave a Comment