Short Interest in Twitter Jumps Higher
Twitter may be dying. Something has triggered a more than 8 million jump in short interest in Twitter's stock to more than 63 million.
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[cnxvideo id=”510431″ placement=”ros”]Twitter Inc. (NYSE: TWTR) has not issued a single bit of positive news in months. New CEO Jack Dorsey has not made a positive move. The most recent quarter was a disaster. Some of these things may have triggered an 8.5 million jump in short interest in Twitter’s stock to 63.7 million.
Twitter’s shares are off 12% in the past month to $14.63. Over the past year, they are off 61%.
Twitter’s growth rate slowed considerably in the most recent report. The grow of its users died.
o Q1 revenue totaled $595 million, an increase of 36% year-over-year. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased 39%. o Advertising revenue totaled $531 million, an increase of 37% year-over-year. Excluding the impact of year-over-year changes in foreign exchange rates, advertising revenue would have increased 39%. Mobile advertising revenue was 88% of total advertising revenue.
o Data licensing and other revenue totaled $64 million, an increase of 34% year-over-year. o U.S. revenue totaled $390 million, an increase of 35% year-over-year.
o International revenue totaled $204 million, an increase of 39% year-over-year. Excluding the impact of year-over-year changes in foreign exchange rates, international revenue would have increased 46%.
• Q1 GAAP net loss of $80 million and non-GAAP net income of $103 million.
• Q1 GAAP diluted EPS of ($0.12) and non-GAAP diluted EPS of $0.15.
• Q1 adjusted EBITDA of $180 million, up 73% year-over-year, representing an adjusted EBITDA margin of 30%.
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Also:
Average monthly active users (MAUs) were 310 million for Q1, up 3% year-over-year and compared to 305 million in the previous quarter.
Many marketers do not consider Twitter a viable platform for advertising, while another social medium, Facebook Inc. (NASDAQ: FB) is considered a must buy, both for computers and users of mobile apps.
Twitter may be dying.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
