JD.com (JD): Price Target and June Short Interest Disclosure

JD.com (JD) : The highest short term price target forecast on JD.com (JD) is $43 and the lowest target price is $27. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $32.61 with a standard deviation of $4.92.

JD.com (JD) has seen a rise of 126,911 shares or 0.2% in the short interest. The remaining shorts are 5.3% of the total floated shares. The net short interest, as on June 30,2016, stood at 58,677,582 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 16,133,825 shares. On June 15,2016, 58,550,671 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Credit Suisse downgrades its rating on JD.com (NASDAQ:JD).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. In a recent information released to the investors, Credit Suisse lowers the new price target from $38 per share to $21 per share. The rating by the firm was issued on May 10, 2016.


JD.com (NASDAQ:JD): The stock was completely flat for the day, closing at $21.68 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $21.95, the stock touched an intraday high of $21.98 and a low of $21.63. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $21.68. The total trading volume on Thursday was 8,905,553.

JD.com, Inc. is an online direct sales company. The Company engages primarily in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in Peoples republic of China (PRC) on the Internet through its Website jd.com. It also operates its online marketplace under which third-party sellers sell products on the Companys Website to customers. The Company has approximately 518 million product reviews generated by its customers. The Company operates approximately 123 warehouses with an aggregate gross floor area of approximately 2.2 million square meters in 40 cities and 3,210 delivery stations and pickup stations in 1,862 counties and districts across China. The Company provides same-day delivery in approximately 134 counties and districts and next-day delivery in approximately 866 counties and districts across China.

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