Yelp June 15th Short Interest Update

Yelp (NYSE:YELP), A increase of 441,202 shares or 5.1% was observed in the short interest of Yelp Inc The interest on June 15,2016 came in at 9,099,537 shares and as per the average daily trading of 1,684,625 shares, the days to cover are 5. The increased interest is 13.7% of the floated shares. The data of May 31,2016 put the interest at 8,658,335 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Yelp (NYSE:YELP): The stock opened at $28.32 on Friday but the bulls could not build on the opening and the stock topped out at $29.25 for the day. The stock traded down to $28.15 during the day, due to lack of any buying support eventually closed down at $28.23 with a loss of -5.05% for the day. The stock had closed at $29.73 on the previous day. The total traded volume was 2,760,136 shares.

The company shares have dropped -33.53% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $44.32 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.45 and the 200 Day Moving Average price is recorded at $23.02.

Yelp (NYSE:YELP) has climbed 4.87% in the past week and advanced 9.16% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.61% and the outperformance has advanced to 12.47% for the last 4 weeks period.

Yelp Inc. (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engage directly with businesses, through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. In addition to the business listing and advertising products, the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.

Leave a Reply

Get Pre-Market Alerts!

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