What’s Next for Alibaba Group Holding Limited American Depositary (NYSE:BABA) After Having Less Shares Shorted?

April 17, 2018 - By Hazel Jackson

The stock of Alibaba Group Holding Limited American Depositary (NYSE:BABA) registered a decrease of 2.6% in short interest. BABA’s total short interest was 119.42 million shares in April as published by FINRA. Its down 2.6% from 122.61M shares, reported previously. With 18.45M shares average volume, it will take short sellers 7 days to cover their BABA’s short positions. The short interest to Alibaba Group Holding Limited American Depositary’s float is 9.79%.

The stock increased 2.40% or $4.189 during the last trading session, reaching $178.889. About 10.30 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 17, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce firm in the People's Republic of China and internationally. The company has market cap of $459.65 billion. The firm operates in four divisions: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. It has a 43.74 P/E ratio. It operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party platform for brands and retailers; Rural Taobao program that enables rural residents and businesses to sell agricultural products to urban consumers; Juhuasuan, a sales and marketing platform for flash sales; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Among 17 analysts covering Alibaba Group (NYSE:BABA), 17 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alibaba Group had 29 analyst reports since October 19, 2017 according to SRatingsIntel. The rating was initiated by Jefferies on Monday, January 15 with “Buy”. As per Friday, February 2, the company rating was maintained by Jefferies. As per Friday, February 2, the company rating was maintained by Needham. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Tuesday, March 6 by Oppenheimer. The company was maintained on Thursday, February 1 by Bank of America. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, March 14 report. SunTrust maintained Alibaba Group Holding Limited (NYSE:BABA) on Friday, October 20 with “Buy” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Thursday, February 1 by Robert W. Baird. The company was maintained on Monday, November 13 by Wells Fargo. As per Monday, November 13, the company rating was maintained by Robert W. Baird.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Chart

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