Short Interest in JD.Com Inc (NASDAQ:JD) Drops By 12.6%

JD.Com Inc (NASDAQ:JD) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 41,720,000 shares, a drop of 12.6% from the September 30th total of 47,760,000 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average trading volume of 11,980,000 shares, the days-to-cover ratio is currently 3.5 days.

Shares of NASDAQ JD traded down $0.02 during midday trading on Friday, hitting $33.55. 39,376,000 shares of the company’s stock were exchanged, compared to its average volume of 10,386,154. The firm’s fifty day simple moving average is $30.61 and its 200-day simple moving average is $29.68. JD.Com has a twelve month low of $19.21 and a twelve month high of $35.43. The company has a market cap of $48.97 billion, a PE ratio of -1,118.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.91 and a quick ratio of 0.58.

JD has been the subject of a number of research analyst reports. Citigroup restated a “buy” rating and set a $43.00 target price (up from $41.00) on shares of JD.Com in a report on Wednesday, August 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $35.00 price target on shares of JD.Com in a research report on Tuesday, August 13th. 86 Research raised JD.Com from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $41.00 in a research report on Friday, October 11th. BidaskClub raised JD.Com from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Vertical Group began coverage on JD.Com in a research report on Tuesday, October 22nd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $33.91.

Several hedge funds have recently made changes to their positions in JD. Tiedemann Advisors LLC boosted its stake in shares of JD.Com by 3.6% in the third quarter. Tiedemann Advisors LLC now owns 9,586 shares of the information services provider’s stock valued at $270,000 after buying an additional 330 shares in the last quarter. Signaturefd LLC boosted its stake in shares of JD.Com by 7.7% in the third quarter. Signaturefd LLC now owns 4,735 shares of the information services provider’s stock valued at $134,000 after buying an additional 338 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of JD.Com by 1.9% in the third quarter. Wetherby Asset Management Inc. now owns 19,021 shares of the information services provider’s stock valued at $536,000 after buying an additional 353 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of JD.Com by 9.3% in the third quarter. Parallel Advisors LLC now owns 4,616 shares of the information services provider’s stock valued at $130,000 after buying an additional 394 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of JD.Com by 85.5% in the third quarter. Lindbrook Capital LLC now owns 872 shares of the information services provider’s stock valued at $25,000 after buying an additional 402 shares in the last quarter. Institutional investors own 40.42% of the company’s stock.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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