Sina Corporation (SINA) : The short interest in Sina Corporation (SINA) has increased from 1,417,130 to 1,716,825 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,221,020 shares are traded daily in the stock and only 1 days are left for the shorts to cover. The short open interest is 3.1% of the total shares in the hands of the public. The shorts in the stock have gone up by 299,695 shares, which is an increase of 21.2% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Sina Corporation (NASDAQ:SINA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.14 and $70.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.92, notching a gain of 0.24% for the day. The total traded volume was 1,221,914 . The stock had closed at $70.75 on the previous day.
SINA Corporation is an online media company serving China and the global Chinese communities. The Company operates its business through three business segments: SINA Portal, Weibo and other businesses. Its digital media network of SINA.com, SINA mobile and Weibo enables Internet users to access media and users generated content (UGC) in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal, SINA.cn, provides news information and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format, such as SINA News, SINA Sports, SINA Finance, SINA Entertainment and SINA Blog. Weibo is a social media platform for people to create, distribute and discover Chinese-language content.