Glu Mobile Inc. (NASDAQ:GLUU) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,661,983 shares, an increase of 48.8% from the January 31st total of 1,789,195 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average trading volume of 3,391,754 shares, the days-to-cover ratio is presently 0.8 days.

In other Glu Mobile news, VP Gordon S. Lee sold 7,074 shares of Glu Mobile stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $3.90, for a total transaction of $27,588.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.60% of the company’s stock.

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Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of Glu Mobile by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,143,700 shares of the company’s stock valued at $7,803,000 after buying an additional 75,600 shares during the period. State Street Corp lifted its holdings in shares of Glu Mobile by 6.7% in the 2nd quarter. State Street Corp now owns 1,914,877 shares of the company’s stock valued at $4,791,000 after buying an additional 120,550 shares during the period. Ariel Investments LLC lifted its holdings in shares of Glu Mobile by 0.7% in the 4th quarter. Ariel Investments LLC now owns 1,793,088 shares of the company’s stock valued at $6,527,000 after buying an additional 13,300 shares during the period. Castleark Management LLC lifted its holdings in shares of Glu Mobile by 38.6% in the 4th quarter. Castleark Management LLC now owns 1,655,077 shares of the company’s stock valued at $6,024,000 after buying an additional 460,590 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Glu Mobile by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,142,605 shares of the company’s stock valued at $2,857,000 after buying an additional 20,300 shares during the period. 38.09% of the stock is owned by institutional investors and hedge funds.

Glu Mobile (NASDAQ GLUU) opened at $3.80 on Friday. The stock has a market capitalization of $520.73, a PE ratio of -5.28, a PEG ratio of 74.20 and a beta of 1.56. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Glu Mobile has a fifty-two week low of $1.85 and a fifty-two week high of $4.95.

A number of analysts have commented on GLUU shares. Wedbush set a $5.00 price target on Glu Mobile and gave the stock a “hold” rating in a research report on Friday, February 9th. ValuEngine cut Glu Mobile from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. BidaskClub raised Glu Mobile from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research raised Glu Mobile from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $4.75 price target on shares of Glu Mobile in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.01.

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Glu Mobile Company Profile

Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.

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