Twitter Inc (TWTR) Short Interest Up 17.2% in July

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.

TWTR has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 2nd. Zacks Investment Research cut shares of Twitter from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Twitter in a report on Friday, July 27th. Macquarie raised shares of Twitter from a “neutral” rating to an “outperform” rating in a report on Thursday, April 26th. Finally, Wedbush reaffirmed a “hold” rating and set a $26.00 target price on shares of Twitter in a report on Monday, April 23rd. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.10.

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.

About Twitter

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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