SINA Corp (NASDAQ:SINA) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,273,404 shares, a growth of 45.3% from the January 12th total of 876,361 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average trading volume of 918,692 shares, the short-interest ratio is presently 1.4 days.
SINA has been the topic of several research reports. Benchmark upped their price target on shares of SINA from $142.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BidaskClub downgraded shares of SINA from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research upgraded shares of SINA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, Jefferies Group restated a “buy” rating and issued a $175.00 price target on shares of SINA in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $129.50.
Shares of SINA (NASDAQ:SINA) opened at $112.25 on Wednesday. SINA has a 52-week low of $68.13 and a 52-week high of $122.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market cap of $8,030.00, a PE ratio of 63.78 and a beta of 1.06.
A number of institutional investors and hedge funds have recently bought and sold shares of SINA. Alliancebernstein L.P. bought a new stake in SINA during the second quarter worth about $414,000. Ameriprise Financial Inc. bought a new stake in SINA during the second quarter worth about $372,000. Vanguard Group Inc. lifted its position in SINA by 28.1% during the second quarter. Vanguard Group Inc. now owns 370,140 shares of the technology company’s stock worth $31,450,000 after purchasing an additional 81,275 shares during the period. Advisor Group Inc. lifted its position in SINA by 102.0% during the second quarter. Advisor Group Inc. now owns 2,901 shares of the technology company’s stock worth $246,000 after purchasing an additional 1,465 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in SINA by 30.4% during the second quarter. Dimensional Fund Advisors LP now owns 13,568 shares of the technology company’s stock worth $1,160,000 after purchasing an additional 3,165 shares during the period. 68.61% of the stock is owned by institutional investors and hedge funds.
SINA Company Profile
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
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