JD.Com Inc (JD) Short Interest Update
JD.Com Inc (NASDAQ:JD) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 33,452,632 shares, a drop of 8.8% from the January 31st total of 36,682,073 shares. Based on an average daily trading volume, of 15,637,255 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.9% of the company’s shares are short sold.
A number of brokerages recently commented on JD. Wells Fargo & Co reiterated a “buy” rating and set a $50.00 price objective on shares of JD.Com in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating on shares of JD.Com in a research report on Friday. Zacks Investment Research downgraded JD.Com from a “buy” rating to a “hold” rating in a research report on Friday. KeyCorp reiterated a “buy” rating and set a $56.00 price objective on shares of JD.Com in a research report on Tuesday. Finally, Vetr downgraded JD.Com from a “strong-buy” rating to a “buy” rating and set a $54.29 price objective on the stock. in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $48.59.
Shares of JD.Com (NASDAQ JD) opened at $43.80 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. The stock has a market capitalization of $62,370.00, a price-to-earnings ratio of -625.71 and a beta of 1.51. JD.Com has a one year low of $29.88 and a one year high of $50.68.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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