Yandex NV (YNDX) Sees Significant Growth in Short Interest
Yandex NV (NASDAQ:YNDX) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 4,677,444 shares, a growth of 80.8% from the September 28th total of 2,586,439 shares. Based on an average daily trading volume, of 3,165,472 shares, the short-interest ratio is presently 1.5 days. Approximately 1.7% of the company’s shares are short sold.
NASDAQ YNDX opened at $27.25 on Monday. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 33.64 and a beta of 2.54. Yandex has a one year low of $24.90 and a one year high of $44.49.
Yandex (NASDAQ:YNDX) last posted its earnings results on Thursday, July 26th. The information services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The business had revenue of $472.80 million for the quarter. Yandex had a net margin of 36.22% and a return on equity of 12.72%. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the business earned $12.12 earnings per share. As a group, equities research analysts expect that Yandex will post 0.86 earnings per share for the current fiscal year.
Several research firms recently commented on YNDX. Zacks Investment Research downgraded shares of Yandex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. ValuEngine raised shares of Yandex from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Finally, Bank of America reduced their price target on shares of Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $42.00.
Yandex Company Profile
Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.
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