Short Sellers Cannot Make Up Their Minds About Social Media

Media

Published: February 10, 2016 8:15 am

Last Updated: January 13, 2020 1:23 pm

Social media has taken the world by storm, building virtual communities for anyone who has internet access and allowing people to connect and share across the globe. A lot of these sites have changed the world in terms of how we meet people, read the news, get jobs, and even date. These companies are on the cutting edge of social trends and are a good beacon to look towards for change.

The January 29 short interest data have been compared with the previous report, and short interest was mixed in these selected stocks for this settlement date.

Facebook Inc. (NASDAQ: FB) had its short interest fall slightly to 24.47 million shares from the previous 24.68 million. Shares closed most recently at $99.54, within a 52-week range of $72.00 to $117.59.

Twitter Inc. (NYSE: TWTR) saw its short interest fall to 46.26 million shares from the previous level of 53.63 million. Shares closed most recently at $14.40, in a 52-week trading range of $14.31 to $53.49.

LinkedIn Corp. (NYSE: LNKD) short interest for this settlement date increased to 3.80 million shares from the previous 3.46 million. Shares of LinkedIn closed most recently at $100.98, in a 52-week range of $100.12 to $276.18.