Short Sellers Have Mixed Views on Social Media

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Published: February 25, 2016 8:55 am

Last Updated: January 13, 2020 12:44 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 February 12 short interest data have been compared with the previous report, and short interest was mixed in these selected social media stocks for this settlement date.

Facebook Inc. (NASDAQ: FB) had its short interest increase to 28.48 million shares from the previous 24.47 million. Shares closed most recently at $106.88, within a 52-week trading range of $72.00 to $117.59.

Twitter Inc. (NYSE: TWTR) saw its short interest increase to 50.25 million shares from the previous level of 46.26 million. Shares closed most recently at $18.00, in a 52-week trading range of $13.91 to $53.49.