YY Inc shares had a trading volume of 1,823K by the end of trading on Tuesday. Overall, volume was up 81.21% over the stocks normal daily volume.
Short traders are feeling a little more bullish lately as indicated by the motion in short interest. The company saw a fall in short interest of -14.00% as of October 13, 2017 from the last reporting period. Short shares fell from 1,101,902 to 947,689 over that period. With short interest at 947,689 and short average daily volume at 1,292,418, days to cover is 1.0 and the percentage of shorted shares is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (YY). Caisse DE Depot ET Placement DU Quebec grew its position by buying 43,200 shares an increase of 160.5%. Caisse DE Depot ET Placement DU Quebec currently owns 70,119 shares valued at $6,111,000. The total value of its holdings increased 292.2%. As of the end of the quarter Dimensional Fund Advisors Lp had acquired a total of 9,638 shares growing its stake by 1.7%. The value of the investment in YY Inc went from $32,012,000 to $48,705,000 increasing 52.1% for the reporting period.
Ward Ferry Management (bvi) Ltd expanded its investment by buying 66,800 shares an increase of 6.3% in the quarter. Ward Ferry Management (bvi) Ltd now controls 1,120,800 shares worth $97,263,000. The value of the position overall is up by 59.0%. Ubs Asset Management Americas Inc added to its holdings by buying 790 shares an increase of 112.9% as of 09/30/2017. Ubs Asset Management Americas Inc claims 1,490 shares with a value of $129,302,000. The total value of its holdings increased 218.3%.
Equity analyst Bank of America Corporation raised the price target of the stock on October 2 changing the forecast from $89.00 to $101.00 and stated a “Buy” rating. On August 30, 2017 Goldman Sachs Group, Inc. (The) updated guidance on YY with an initial rating of “Buy”.
On August 16 Jefferies Group LLC held the company rating at “Hold” with a current price target of $79.00. Citigroup raised the price target on August 11 changing the price objective from $0.00 to $100.00 with a rating of “Buy”.
August 11 investment analysts at Deutsche Bank AG left the stock rating at “Buy” targeting a price of $100.00. On August 11 HSBC Holdings plc maintained a company rating of “Buy” projecting a price of $89.00.
The company is now up since yesterday’s close of 89.23. The most current P/E ratio is 20.08 and market cap is 6.82B. As of the last earnings report the EPS was $5.42 with 773.12M shares outstanding.
YY Inc. (YY), launched on July 22, 2011, is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Business’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. The Company owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Business’s YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan..