Short Interest in Social Media Stocks Falls
The December 15 short interest data have been compared with the previous report. Short interest moves in these selected social media stocks were mostly down for this settlement date.
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 December 15 short interest data have been compared with the previous report. Short interest moves in these selected social media stocks were mostly down for this settlement date.
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Some investors will wonder if the LinkedIn-Microsoft buyout will send more large media and tech shops looking to acquire in the social media space.
Facebook Inc. (NASDAQ: FB) saw its short interest decrease to 24.33 million shares from the previous 25.24 million. Shares closed most recently at $118.01, within a 52-week trading range of $89.37 to $133.50.
Twitter Inc. (NYSE: TWTR) had its short interest decrease slightly to 47.26 million shares from the previous level of 47.78 million. Shares closed most recently at $16.61, in a 52-week range of $13.73 to $25.25.
Match Group Inc. (NASDAQ: MTCH) saw its short interest fall slightly to 9.65 million shares from the 9.78 million in the previous period. Shares closed Tuesday at $17.42, in a 52-week range of $8.41 to $19.74.
Yelp Inc. (NYSE: YELP) short interest increased to 6.55 million shares. The previous reading was 6.24 million. Shares closed most recently at $39.95, in a 52-week trading range of $14.53 to $43.36.
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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.
