Trading volume for 500.com Limited American Deposi was 396K by the end of trading on Tuesday. Overall, volume was up 222.56% over the stocks normal daily volume.
Investors are feeling more bullish on 500.com Limited American Deposi recently if you look at the decrease in short interest. The firm had a fall in short interest of -0.23% as of the latest report on October 13, 2017. Short shares decreased from 4,363,818 to 4,353,592 over that timeframe. The short-interest ratio increased to 71.0 and the percentage of shorted shares is 0.11% as of October 13.
A few notable investment firms have updated their holdings. As of quarter end Guggenheim Capital LLC had bought 7,314 shares growing its holdings by 33.4%. The value of the investment in (WBAI) increased from $294,000 to $318,000 increasing 8.2% quarter over quarter. As of the end of the quarter Ubs Group Ag had disposed of a total of 4,153 shares trimming its stake by 99.6%. The value of the total investment in 500.com Limited American Deposi went from $56,000 to $0 a change of $56,000 for the reporting period.
Cutler Group LP added to its position by buying 821 shares an increase of 821.0% from 06/30/2017 to 09/30/2017. Cutler Group LP claims 921 shares with a value of $10,000. The total value of its holdings increased inf%. As of the end of the quarter Bank Of Montreal /can/ had acquired 826 shares growing its position 12.4%. The value of the investment in WBAI decreased from $89,000 to $83,000 a change of 6.7% since the last quarter.
In the market the company is trading down since yesterday’s close of $9.41. It is currently trading at $9.41 which is much lower than the 50 day moving average of $11.05 and significantly below the 200 day moving average of $10.72. The 50 day moving average went down $-1.64 or -14.81% whereas the 200 day moving average was down $-1.31 or -12.19%.
500.com Limited, launched on April 20, 2007, is an online sports lottery service provider in China. The Company acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. The Company offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users. The Company provides its registered users with a range of lottery sales services that include Individual Lottery Purchase, Lottery Pool Purchase, Automatic Tag-along Purchase, Recurring Purchase and Locked-in Lottery Number Purchase..