Yandex N.V. (YNDX): Price Target and June Short Interest Disclosure

Yandex N.V. (YNDX) : 5 Wall Street analysts covering Yandex N.V. (YNDX) believe that the average level the stock could reach for the short term is $22.6. The maximum price target given is $30 and the minimum target for short term is around $16, hence the standard deviation is calculated at $5.98.

Yandex N.V. (YNDX) has witnessed a drop of 21.1% or 755,414 shares in its short figure. The short interest diminution took it from 3,578,366 on June 15,2016 to 2,822,952 on June 30,2016. In terms of floated shares, the short interest was calculated to be 1%. The days to cover are 1 given that the daily volume averaged 2,827,202 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Citigroup downgrades their rating on the shares of Yandex N.V. (NASDAQ:YNDX). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 6, 2016.


Yandex N.V. (NASDAQ:YNDX): On Thursdays trading session , Opening price of the stock was $22.29 with an intraday high of $22.49. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $21.76. However, the stock managed to close at $21.97, a loss of 0.14% for the day. On the previous day, the stock had closed at $22. The total traded volume of the day was 2,287,643 shares.

Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey, Ukraine, Belarus and Kazakhstan. The Companys Russian businesses are organized in five operating segments: Russian Search and Portal, which includes all services offered in Russia, Belarus and Kazakhstan; Russian E-commerce, which includes the Yandex.Market service; Media Services, which includes Yandex.Music,, Yandex.TV program and Yandex.Kinoafisha; Taxi, which includes the Yandex.Taxi service, and Classified Aggregators, which include Yandex.Auto,, Yandex.Realty and Yandex.Job. Additionally, its international operations are organized in three operating segments: Turkish Search and Portal; Ukrainian Search and Portal, and Data Factory (including the Yandex.Data Factory service). It offers a range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail, Yandex.Maps and Yandex.Auto.

Leave a Reply

Get Pre-Market Alerts!

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