Twitter Inc (NYSE:TWTR) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 55,172,651 shares, a growth of 17.2% from the July 13th total of 47,088,911 shares. Currently, 7.8% of the shares of the stock are short sold. Based on an average trading volume of 36,791,307 shares, the short-interest ratio is currently 1.5 days.
Shares of TWTR opened at $32.80 on Tuesday. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.47. Twitter has a 12-month low of $15.77 and a 12-month high of $47.79. The stock has a market capitalization of $24.26 billion, a P/E ratio of 542.50, a PEG ratio of 4.08 and a beta of 0.68.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Friday, July 27th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Twitter had a net margin of 8.57% and a return on equity of 4.37%. The firm had revenue of $710.54 million during the quarter, compared to analyst estimates of $697.35 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Twitter’s quarterly revenue was up 23.8% on a year-over-year basis. equities research analysts anticipate that Twitter will post 0.36 EPS for the current year.
In other Twitter news, VP Matthew Derella sold 7,008 shares of the company’s stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $44.46, for a total transaction of $311,575.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Kaiden sold 5,159 shares of the company’s stock in a transaction on Monday, June 25th. The stock was sold at an average price of $44.44, for a total transaction of $229,265.96. The disclosure for this sale can be found here. Insiders have sold 2,791,954 shares of company stock valued at $121,932,783 over the last 90 days. 6.62% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of Twitter in the second quarter valued at about $112,000. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Twitter in the second quarter valued at about $113,000. Quad Cities Investment Group LLC purchased a new stake in shares of Twitter in the second quarter valued at about $132,000. Fortis Advisors LLC purchased a new stake in shares of Twitter in the first quarter valued at about $103,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Twitter in the first quarter valued at about $104,000. 59.96% of the stock is owned by hedge funds and other institutional investors.
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
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