MeetMe (MEET): Price Target and June Short Interest Disclosure

MeetMe (MEET) : The highest level MeetMe (MEET) is projected to reach is $7 for the short term and the lowest estimate is at $7. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $7.18 and the possibility the share price can swing is $0.25.

MeetMe (MEET), A increase of 1,907,147 shares or 176% was observed in the short interest of MeetMe, Inc. The interest on June 30,2016 came in at 2,990,677 shares and as per the average daily trading of 2,665,515 shares, the days to cover are 1. The increased interest is 6.7% of the floated shares. The data of June 15,2016 put the interest at 1,083,530 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


MeetMe (NASDAQ:MEET): stock turned positive on Thursday. Though the stock opened at $6.11, the bulls momentum made the stock top out at $6.28 level for the day. The stock recorded a low of $6.06 and closed the trading day at $6.07, in the green by 0.33%. The total traded volume for the day was 1,903,822. The stock had closed at $6.05 in the previous days trading.

MeetMe, Inc. is a location-based social network for meeting new people both on the Web and on mobile platforms, including on iPhone, Android, iPad and other tablets that facilitate interactions among users. The Company is a social media technology company that owns and operates The Company monetizes through advertising, in-app purchases, and paid subscriptions. The Company provides users with access to a menu of resources that promote social interaction, information sharing and other topics of interest to users. The Company had approximately 4.98 million monthly active users (MAUs). The Company offers online marketing capabilities, which enable marketers to display their advertisements in different formats and in different locations. The Company works with its advertisers to maximize the effectiveness of their campaigns by optimizing advertisement formats and placement.

Leave a Reply

Get Pre-Market Alerts!

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