Short Interest in JD.Com Inc (JD) Decreases By 5.5%
JD.Com Inc (NASDAQ:JD) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 41,385,456 shares, a decline of 5.5% from the September 28th total of 43,816,694 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average trading volume of 16,385,306 shares, the days-to-cover ratio is currently 2.5 days.
Shares of JD opened at $22.58 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. JD.Com has a 12-month low of $21.58 and a 12-month high of $50.68. The stock has a market capitalization of $27.19 billion, a P/E ratio of 2,258.00 and a beta of 1.41.
JD.Com (NASDAQ:JD) last announced its earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.35. The company had revenue of $122.30 billion during the quarter, compared to analyst estimates of $122.78 billion. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.96%. JD.Com’s revenue was up 31.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. Equities research analysts anticipate that JD.Com will post 0.29 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new position in JD.Com during the second quarter worth about $323,000. Scopia Capital Management LP boosted its stake in JD.Com by 7.6% during the second quarter. Scopia Capital Management LP now owns 5,049,272 shares of the information services provider’s stock worth $196,669,000 after buying an additional 358,042 shares during the period. Torch Wealth Management LLC purchased a new position in JD.Com during the second quarter worth about $277,000. East Coast Asset Management LLC. boosted its stake in shares of JD.Com by 32.7% in the second quarter. East Coast Asset Management LLC. now owns 440,105 shares of the information services provider’s stock valued at $17,142,000 after purchasing an additional 108,459 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of JD.Com by 95.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 29,869 shares of the information services provider’s stock valued at $1,163,000 after purchasing an additional 14,591 shares during the period. 51.02% of the stock is owned by institutional investors.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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