Twitter, Inc. (TWTR) Short Interest Update

Twitter, Inc. (NYSE:TWTR) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 40,760,275 shares, a decrease of 19.2% from the October 13th total of 50,448,244 shares. Based on an average daily volume of 27,545,643 shares, the days-to-cover ratio is presently 1.5 days. Currently, 6.4% of the shares of the stock are sold short.

Twitter (NYSE TWTR) opened at $20.05 on Wednesday. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 52-week low of $14.12 and a 52-week high of $21.96.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. Twitter’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. analysts anticipate that Twitter will post 0.02 earnings per share for the current year.

In related news, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $17.66, for a total transaction of $264,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Kaiden sold 3,805 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $16.81, for a total value of $63,962.05. The disclosure for this sale can be found here. Insiders sold a total of 3,606,445 shares of company stock valued at $70,838,231 over the last quarter. Company insiders own 9.18% of the company’s stock.

Large investors have recently bought and sold shares of the business. Exane Derivatives raised its holdings in Twitter by 18.7% during the third quarter. Exane Derivatives now owns 59,516 shares of the social networking company’s stock valued at $1,004,000 after acquiring an additional 9,363 shares during the period. Vivaldi Asset Management LLC bought a new stake in Twitter during the second quarter valued at about $7,521,000. Allen Investment Management LLC bought a new stake in Twitter during the second quarter valued at about $7,169,000. State of Alaska Department of Revenue raised its holdings in Twitter by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock valued at $519,000 after acquiring an additional 12,690 shares during the period. Finally, Contrarius Investment Management Ltd raised its holdings in Twitter by 17.4% during the second quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock valued at $99,233,000 after acquiring an additional 822,455 shares during the period. 49.71% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald restated a “hold” rating and set a $16.00 target price on shares of Twitter in a report on Monday, October 23rd. Citigroup Inc. upgraded Twitter from a “sell” rating to a “neutral” rating and increased their target price for the company from $19.90 to $20.00 in a report on Monday, November 6th. Wells Fargo & Company restated a “market perform” rating on shares of Twitter in a report on Saturday, July 22nd. Barclays PLC restated a “sell” rating and set a $16.00 target price on shares of Twitter in a report on Friday, July 28th. Finally, BidaskClub cut Twitter from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Twelve analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus price target of $17.67.

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Twitter Company Profile

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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