Investors are more bearish on Changyou.Com Limited of late looking at the motion in short interest. The stock realized a rise in short interest of 5.62% as of the latest report on October 13, 2017. Short shares grew 49,978 over that timeframe. With short interest at 938,914 and short average daily volume at 112,644, days to cover is 8.0 and the short interest percentage is 0.03% as of October 13.
A few notable investment firms have updated their holdings. Renaissance Group LLC augmented its ownership by buying 903 shares an increase of 6.0%. Renaissance Group LLC currently owns 15,905 shares worth $630,000. The total value of its holdings increased 8.4%. Pacad Investment Ltd. bolstered its stake by buying 2,300 shares an increase of 460.0% from 06/30/2017 to 09/30/2017. Pacad Investment Ltd. owns 2,800 shares with a value of $111,000. The value of the position overall is up by 484.2%.
As of quarter end Citigroup Inc had sold a total of 5,063 shares trimming its holdings by 57.7%. The value of the investment in CYOU went from $340,000 to $147,000 a change of 56.8% quarter to quarter. Dimensional Fund Advisors Lp downsized its investment by selling 1,206 shares a decrease of 0.7% as of 09/30/2017. Dimensional Fund Advisors Lp now controls 168,574 shares valued at $6,675,000. The value of the position overall is up by 1.4%.
On October 3 analysts at Credit Suisse Group updated guidance on CYOU with a rating of “Neutral”.
The company is up since yesterday’s close of 35.92. Changyou.Com Limited’s P/E ratio is 16.70 and market cap is 1.89B. As of the latest earnings report the EPS was $2.16 with 34.50M shares now outstanding.
Changyou.com Limited, launched on August 6, 2007, is an online game developer and operator. The Company is involved in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. The Business’s segments include Online Game segment, which consists primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater. Its PC games are interactive online games that are accessed and played simultaneously by hundreds of thousands of game players through PCs and require that local client-end game access software be installed on the computers used, and mobile games are played on mobile devices and require an Internet connection..