Short Sellers Decrease Bets in Social Media
The May 31 short interest data have been compared with the previous report. Short interest decreased in most of these selected social media stocks.
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[cnxvideo id=”507122″ placement=”ros”]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 toward for change.
The May 31 short interest data have been compared with the previous report. Short interest decreased in most of these selected social media stocks for this settlement date.
Facebook Inc. (NASDAQ: FB) had a short interest decrease to 23.98 million shares from the previous 25.22 million. Shares closed most recently at $118.56, within a 52-week trading range of $72.00 to $121.08.
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Twitter Inc. (NYSE: TWTR) saw its short interest decrease to 71.30 million shares from the previous level of 77.35 million. Shares closed most recently at $14.60, in a 52-week trading range of $13.73 to $38.82.
LinkedIn Corp. (NYSE: LNKD) short interest for this settlement date decreased to 3.36 million shares from the previous 4.02 million. Shares of LinkedIn closed most recently at $136.52, in a 52-week range of $98.25 to $258.39.
Match Group Inc. (NASDAQ: MTCH) saw its short interest drop to 7.86 million shares from 8.37 million in the previous period. Shares closed Thursday at $14.71, in a 52-week range of $8.41 to $16.17.
Yelp Inc. (NYSE: YELP) saw its short interest decrease to 8.66 million shares. The previous reading was 9.77 million. Shares closed most recently at $27.94, in a 52-week trading range of $14.53 to $48.90.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
