Baidu (BIDU): Price Target and June Short Interest Disclosure

Baidu (BIDU) : The most positive equity analysts on Baidu (BIDU) expects the shares to touch $223, whereas, the least positive believes that the stock will trade at $182 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $205.57 with an expected fluctuation of $16.56 from the mean.

Baidu (BIDU), A drop of 2,228,763 shares or 24.5% was seen in the short interest of Baidu, Inc. – American Depositary Shares, each representing one tenth Class A ordinary share. Even as the interest dropped from 9,113,890 shares on June 15,2016 to 6,885,127 shares on June 30,2016, the days to cover came in at 2. The updated interest stood at 2.5% of the stocks floats. The stock has seen an average daily volume of 2,894,863 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Citigroup downgrades their rating on the shares of Baidu (NASDAQ:BIDU). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm lowers the price target to $180 per share from $238 per share. The rating by the firm was issued on June 13, 2016.


Baidu (NASDAQ:BIDU): stock turned positive on Thursday. Though the stock opened at $166.65, the bulls momentum made the stock top out at $166.8 level for the day. The stock recorded a low of $163.61 and closed the trading day at $164.85, in the green by 0.42%. The total traded volume for the day was 2,079,581. The stock had closed at $164.16 in the previous days trading.

Baidu, Inc. (Baidu) is a Chinese-language Internet search provider (ISP). Baidu serves three types of online participants, which include users, customers and Baidu Union Members. The Company offers a Chinese-language search platform on its Website, It provides Chinese-language Internet search services to enable users to find relevant information online, including Web pages, news, images, documents and multimedia files, through links provided on its Websites. It designs and delivers its online marketing services primarily on its Website to its online marketing customers. As of December 31, 2014 the Company had approximately 813,000 active online marketing customers. Its online marketing customers consist of small and medium enterprises (SMEs) throughout China, domestic companies and Chinese divisions or subsidiaries of multinational companies.

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