Zynga (ZNGA): Price Target and June Short Interest Disclosure

Zynga (ZNGA) : Average target price received by Zynga (ZNGA) is $3.16 with an expected standard deviation of $0.83. The most aggressive target on the stock is $5, whereas the most downbeat target is $3. 10 financial analysts are currently covering the stock.

Zynga (ZNGA) reported a rise of 12% or 2,588,076 shares in its short interest. The short figure came in at 3.3% of the total floats. The average daily volume of 18,792,179 shares suggests that the days to cover 24,128,729 short positions, as on June 30,2016, will be 1. On June 15,2016, the short interest was 21,540,653 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Zynga (NASDAQ:ZNGA): stock turned positive on Thursday. Though the stock opened at $2.8, the bulls momentum made the stock top out at $2.86 level for the day. The stock recorded a low of $2.8 and closed the trading day at $2.84, in the green by 1.79%. The total traded volume for the day was 7,806,096. The stock had closed at $2.79 in the previous days trading.

Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. The Companys games are also accessible on Zynga.com. The Company has developed online social games, such as FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots and CSR Racing. The Company is also engaged in the sale of virtual currency that players use to buy in-game virtual goods, and mobile games. It also offers advertising services, such as Branded Virtual Goods and Sponsorships, Engagement Ads and Offers, Mobile Ads, Display Ads and Licensing of Companys brands.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.