Short Interest in Twitter Inc. (TWTR) Declines By 12.3%

Twitter Inc. (NYSE:TWTR) was the recipient of a significant drop in short interest in the month of March. As of March 29th, there was short interest totalling 26,326,846 shares, a drop of 12.3% from the March 15th total of 30,031,325 shares. Approximately 4.0% of the shares of the company are short sold. Based on an average trading volume of 40,772,213 shares, the short-interest ratio is currently 0.6 days.

Several research firms recently issued reports on TWTR. SunTrust Banks lifted their price objective on Twitter to $29.00 and gave the company a “hold” rating in a research note on Friday, February 9th. They noted that the move was a valuation call. Wells Fargo lifted their price objective on Twitter to $28.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Bank of America lifted their price objective on Twitter from $20.00 to $26.00 and gave the company an “underperform” rating in a research note on Friday, February 9th. JPMorgan Chase raised Twitter from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $20.00 to $27.00 in a research note on Monday, December 18th. Finally, Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $26.78 price objective for the company. in a research note on Monday, January 29th. Eight research analysts have rated the stock with a sell rating, twenty have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Twitter has an average rating of “Hold” and an average target price of $24.01.

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In related news, VP Matthew Derella sold 7,008 shares of Twitter stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $27.80, for a total transaction of $194,822.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Evan Clark Williams sold 539,027 shares of Twitter stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $29.00, for a total value of $15,631,783.00. Following the sale, the director now directly owns 2,074,330 shares of the company’s stock, valued at approximately $60,155,570. The disclosure for this sale can be found here. Insiders sold 2,791,755 shares of company stock valued at $88,096,879 over the last ninety days. Corporate insiders own 9.18% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. Coatue Management LLC increased its holdings in shares of Twitter by 209.9% in the fourth quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock worth $584,745,000 after buying an additional 16,496,725 shares during the period. Element Capital Management LLC purchased a new position in shares of Twitter in the fourth quarter worth about $71,888,000. SG Americas Securities LLC increased its holdings in Twitter by 18,701.9% during the 4th quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock valued at $58,081,000 after purchasing an additional 2,406,186 shares during the period. Cambiar Investors LLC purchased a new position in Twitter during the 4th quarter valued at about $53,753,000. Finally, Key Square Capital Management LLC increased its holdings in Twitter by 178.3% during the 4th quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock valued at $80,863,000 after purchasing an additional 2,157,882 shares during the period. Hedge funds and other institutional investors own 54.69% of the company’s stock.

TWTR opened at $28.58 on Tuesday. The stock has a market capitalization of $21,596.02, a PE ratio of 476.33, a P/E/G ratio of 7.82 and a beta of 0.86. The company has a current ratio of 9.12, a quick ratio of 9.12 and a debt-to-equity ratio of 0.34. Twitter has a 12 month low of $14.12 and a 12 month high of $36.80.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. analysts predict that Twitter will post 0.17 earnings per share for the current year.

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Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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