SouFun Holdings Limited (SFUN) : The highest level SouFun Holdings Limited (SFUN) is projected to reach is $8 for the short term and the lowest estimate is at $7. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $7.3 and the possibility the share price can swing is $0.85.
SouFun Holdings Limited (SFUN) encountered a rise of 10.5% or 2,139,333 shares in the short positions. The number escalated from 20,281,930 on June 15,2016 to 22,421,263 on June 30,2016. The final interest is 7.1% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 3,576,546 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brean Capital initiates coverage on SouFun Holdings Limited (NYSE:SFUN) The current rating of the shares is Hold. The rating by the firm was issued on June 7, 2016.
SouFun Holdings Limited (NYSE:SFUN): stock turned positive on Thursday. Though the stock opened at $5.53, the bulls momentum made the stock top out at $5.56 level for the day. The stock recorded a low of $5.47 and closed the trading day at $5.54, in the green by 0.91%. The total traded volume for the day was 2,362,788. The stock had closed at $5.49 in the previous days trading.
SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Companys www.fang.com Website contains contents covering more than 350 cities across China, as well as Hong Kong, Taiwan, Singapore and Vancouver, Canada. This Website also contains links to other specialized real estate and home furnishing and improvement Websites, including its www.jiatx.com Website, its e-commerce transaction and payment platform, and its.txdai.com Website, its financing platform. The Companys service offerings include marketing services, e-commerce services, listing services and other value-added services.