Alibaba Group Holding Limited American Depositary (NYSE:BABA)’s Trend Up, Especially After Decreased Shorts

April 17, 2018 - By Richard Conner

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 119.42M 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 stock has “Overweight” rating by Barclays Capital on Tuesday, October 31. On Monday, November 13 the stock rating was maintained by Wells Fargo with “Buy”. The company was maintained on Monday, January 29 by Morgan Stanley. KeyBanc Capital Markets maintained it with “Overweight” rating and $219 target in Tuesday, April 10 report. China Renaissance Securities (US) Inc. maintained Alibaba Group Holding Limited (NYSE:BABA) on Thursday, January 25 with “Buy” rating. The stock has “Buy” rating by Jefferies on Monday, January 15. The firm has “Buy” rating given on Friday, February 2 by KeyBanc Capital Markets. The firm earned “Buy” rating on Thursday, February 1 by Bank of America. The stock has “Outperform” rating by Oppenheimer on Monday, November 6. The firm has “Buy” rating by Needham given on Friday, February 2.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Chart

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