Yahoo! Inc. (NASDAQ:AABA) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 21,599,325 shares, a growth of 15.4% from the July 14th total of 18,714,042 shares. Based on an average daily trading volume, of 6,698,939 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.4% of the shares of the stock are short sold.

A number of research firms have recently issued reports on AABA. UBS Group AG reaffirmed a “buy” rating on shares of Yahoo! in a report on Monday, July 17th. Zacks Investment Research raised shares of Yahoo! from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. assumed coverage on shares of Yahoo! in a research report on Thursday, July 6th. They set an “outperform” rating and a $75.00 price target on the stock. J P Morgan Chase & Co assumed coverage on shares of Yahoo! in a research report on Wednesday, June 28th. They set an “overweight” rating on the stock. Finally, B. Riley dropped coverage on shares of Yahoo! in a research report on Tuesday, June 20th. Fourteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $50.50.

Several hedge funds have recently made changes to their positions in the stock. Cowen Prime Services LLC bought a new stake in shares of Yahoo! during the second quarter valued at approximately $183,000. Parallel Advisors LLC bought a new stake in shares of Yahoo! during the second quarter valued at approximately $208,000. SG Americas Securities LLC bought a new stake in shares of Yahoo! during the second quarter valued at approximately $221,000. Fernwood Investment Management LLC bought a new stake in shares of Yahoo! during the second quarter valued at approximately $223,000. Finally, Congress Asset Management Co. MA bought a new stake in shares of Yahoo! during the second quarter valued at approximately $300,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Yahoo! (AABA) opened at 58.03 on Friday. The stock has a 50 day moving average price of $56.94 and a 200-day moving average price of $50.01. The stock’s market cap is $55.66 billion. Yahoo! has a 12 month low of $38.24 and a 12 month high of $60.44.

COPYRIGHT VIOLATION WARNING: “Yahoo! Inc. (NASDAQ:AABA) Sees Significant Increase in Short Interest” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/11/yahoo-inc-nasdaqaaba-sees-significant-increase-in-short-interest.html.

About Yahoo!

Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.

Receive News & Ratings for Yahoo! Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yahoo! Inc. and related companies with MarketBeat.com's FREE daily email newsletter.