Fang Holdings Ltd (NYSE:SFUN) Sees Large Decline in Short Interest

Fang Holdings Ltd (NYSE:SFUN) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,070,000 shares, a decrease of 21.9% from the December 15th total of 1,370,000 shares. Based on an average daily trading volume, of 229,300 shares, the short-interest ratio is currently 4.7 days. Approximately 2.2% of the shares of the stock are short sold.

Shares of SFUN traded up $0.17 during midday trading on Tuesday, hitting $3.24. 282,700 shares of the company traded hands, compared to its average volume of 192,200. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a 50-day moving average of $2.34 and a 200-day moving average of $2.08. The firm has a market cap of $261.94 million, a P/E ratio of 6.48 and a beta of 1.15. Fang has a one year low of $1.46 and a one year high of $9.90.

Fang (NYSE:SFUN) last posted its quarterly earnings data on Monday, November 18th. The information services provider reported $0.01 earnings per share for the quarter. The company had revenue of $67.55 million for the quarter. Fang had a negative net margin of 11.09% and a negative return on equity of 3.90%.

Several hedge funds have recently bought and sold shares of SFUN. Morgan Stanley increased its position in shares of Fang by 10.7% in the second quarter. Morgan Stanley now owns 14,321,729 shares of the information services provider’s stock worth $8,900,000 after purchasing an additional 1,385,904 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Fang in the second quarter worth approximately $991,000. Finally, Millennium Management LLC bought a new position in shares of Fang in the third quarter worth approximately $279,000. Institutional investors own 37.48% of the company’s stock.

Separately, ValuEngine upgraded Fang from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd.

Fang Company Profile

Fang Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company's portal offers listing, marketing, e-commerce, financial, and other value-added services. It supports active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors.

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