Short Sellers Can't Make Up Their Minds on Social Media

Media

Published: May 11, 2016 9:10 am

Last Updated: January 13, 2020 9:34 am

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 April 29 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 a short interest decrease to 22.78 million shares from the previous 24.33 million. Shares closed most recently at $120.50, within a 52-week trading range of $72.00 to $120.79.

Twitter Inc. (NYSE: TWTR) saw its short interest increase to 63.73 million shares from the previous level of 55.20 million. Shares closed most recently at $14.63, in a 52-week trading range of $13.90 to $38.82.

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LinkedIn Corp. (NYSE: LNKD) short interest for this settlement date increased to 3.61 million shares from the previous 3.58 million. Shares of LinkedIn closed most recently at $128.93, in a 52-week range of $98.25 to $258.39.

Match Group Inc. (NASDAQ: MTCH) saw its short interest rise to 8.86 million shares from 7.68 million in the previous period. Shares closed Tuesday at $14.25, in a 52-week range of $8.41 to $16.17.

Yelp Inc. (NYSE: YELP) saw its short interest decrease to 7.66 million shares. The previous reading was 8.34 million. Shares closed most recently at $26.32, in a 52-week trading range of $14.53 to $49.35.

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