Social Media Short Interest Sees Increased Bets

Media

Published: May 25, 2016 9:15 am

Last Updated: January 13, 2020 7:35 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 May 13 short interest data have been compared with the previous report. Short interest increased in most of these selected social media stocks for this settlement date.

Facebook Inc. (NASDAQ: FB) had a short interest increase to 25.22 million shares from the previous 22.78 million. Shares closed most recently at $117.70, within a 52-week trading range of $72.00 to $121.08.

Twitter Inc. (NYSE: TWTR) saw its short interest increase to 77.35 million shares from the previous level of 63.73 million. Shares closed most recently at $14.03, in a 52-week trading range of $13.73 to $38.82.

ALSO READ: The 5 Most Shorted Nasdaq Stocks: Did Short Sellers Go Away in May?

LinkedIn Corp. (NYSE: LNKD) short interest for this settlement date increased to 4.02 million shares from the previous 3.61 million. Shares of LinkedIn closed most recently at $128.58, in a 52-week range of $98.25 to $258.39.

Match Group Inc. (NASDAQ: MTCH) saw its short interest drop to 8.37 million shares from 8.86 million in the previous period. Shares closed Tuesday at $14.04, in a 52-week range of $8.41 to $16.17.

Yelp Inc. (NYSE: YELP) saw its short interest increase to 9.77 million shares. The previous reading was 7.66 million. Shares closed most recently at $25.38, in a 52-week trading range of $14.53 to $48.90.

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