IQIYI Inc (NASDAQ:IQ) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 51,373,977 shares, an increase of 5.6% from the April 15th total of 48,671,988 shares. Approximately 16.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,885,465 shares, the short-interest ratio is presently 5.8 days.
Shares of IQ opened at $18.70 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.24 and a quick ratio of 1.00. IQIYI has a 1-year low of $14.35 and a 1-year high of $46.23. The company has a market cap of $13.53 billion, a PE ratio of -7.57 and a beta of 3.24.
IQIYI (NASDAQ:IQ) last issued its quarterly earnings data on Thursday, May 16th. The company reported ($0.35) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.17. IQIYI had a negative net margin of 38.72% and a negative return on equity of 52.01%. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.89 billion. During the same period last year, the company posted ($0.31) EPS. The company’s revenue was up 43.0% on a year-over-year basis. As a group, sell-side analysts expect that IQIYI will post -1.38 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of IQ. BlackRock Inc. increased its stake in shares of IQIYI by 12.6% during the 3rd quarter. BlackRock Inc. now owns 228,290 shares of the company’s stock worth $6,180,000 after purchasing an additional 25,495 shares in the last quarter. Morgan Stanley increased its stake in shares of IQIYI by 780.6% during the 3rd quarter. Morgan Stanley now owns 4,272,978 shares of the company’s stock worth $115,670,000 after purchasing an additional 3,787,741 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of IQIYI by 226.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,035,708 shares of the company’s stock worth $109,247,000 after purchasing an additional 2,800,016 shares in the last quarter. FNY Investment Advisers LLC increased its stake in shares of IQIYI by 650.0% during the 4th quarter. FNY Investment Advisers LLC now owns 30,000 shares of the company’s stock worth $446,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of IQIYI by 155.3% during the 4th quarter. Bank of Montreal Can now owns 2,470,252 shares of the company’s stock worth $36,732,000 after purchasing an additional 1,502,517 shares in the last quarter. 18.11% of the stock is owned by institutional investors and hedge funds.
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IQIYI Company Profile
iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.
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