Baidu June 15th Short Interest Update

Baidu (NASDAQ:BIDU), According to the latest information the short interest in Baidu, Inc. – American Depositary Shares, each representing one tenth Class A ordinary share shot up by 3.2% or 281,445 shares. The final shorts are 3.4% of the total floated shares. The positions increased from 8,832,445 shares on May 31,2016 to 9,113,890 on June 15,2016. According to the per-day average trading of 3,652,697 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Baidu (NASDAQ:BIDU): The stock opened at $158.87 on Friday but the bulls could not build on the opening and the stock topped out at $163.63 for the day. The stock traded down to $158.01 during the day, due to lack of any buying support eventually closed down at $159.12 with a loss of -2.93% for the day. The stock had closed at $163.92 on the previous day. The total traded volume was 3,182,307 shares.

The company shares have dropped -20.64% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $217.97 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $168.74 and the 200 Day Moving Average price is recorded at $176.16.

Baidu (NASDAQ:BIDU) has tumbled 2.19% during the past week and has dropped 13.99% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.57%. Baidu (NASDAQ:BIDU) has underperformed the index by 11.39% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

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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