Alibaba Group Holding Ltd (BABA)

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Alibaba Short Interest Up Infinity in September (BABA)
Posted by Ethan Ryder on Oct 20th, 2014

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Shares of Alibaba (NYSE:BABA) were the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 20,495,121 shares, a growth of Infinity from the September 15th total of 0 shares, Stock Ratings Network.com reports. Based on an average daily tradingvolume, of 46,026,710 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

BABA has been the subject of a number of recent research reports. Analysts at Brean Capital initiated coverage on shares of Alibaba in a research note on Thursday. They set a “buy” rating and a $110.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Alibaba in a research note on Tuesday, October 14th. They set a “buy” rating and a $112.00 price target on the stock. Finally, analysts at Macquarie initiated coverage on shares of Alibaba in a research note on Wednesday, October 8th. They set a “neutral” rating and a $88.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Alibaba presently has a consensus rating of “Buy” and an average target price of $101.25.

Alibaba (NYSE:BABA) opened at 87.91 on Monday. Alibaba has a 1-year low of $82.81 and a 1-year high of $99.70. The stock has a 50-day moving average of $88.14 and a 200-day moving average of $88.14. The company’s market cap is $216.7 billion.
Alibaba Group Holding Limited is an online and mobile commerce company. The Company operates its ecosystem as a platform for third parties.




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