Twitter, Inc. (NYSE:TWTR) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 55,165,560 shares, an increase of 6.3% from the July 31st total of 51,872,713 shares. Approximately 8.7% of the shares of the company are short sold. Based on an average trading volume of 11,845,860 shares, the short-interest ratio is presently 4.7 days.

Several brokerages have recently issued reports on TWTR. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Twitter in a research note on Saturday, June 3rd. Barclays PLC restated a “sell” rating and set a $16.00 price target on shares of Twitter in a report on Friday, July 28th. Pivotal Research restated a “hold” rating and set a $17.00 price target (up from $15.00) on shares of Twitter in a report on Monday, July 17th. Zacks Investment Research cut shares of Twitter from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 target price for the company in a research note on Monday, June 12th. Sixteen research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.49.

Shares of Twitter (NYSE TWTR) opened at 16.93 on Wednesday. The firm’s market capitalization is $12.41 billion. Twitter has a 1-year low of $14.12 and a 1-year high of $25.25. The company has a 50-day moving average price of $17.54 and a 200 day moving average price of $16.82.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574 million for the quarter, compared to analysts’ expectations of $536.63 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that Twitter will post $0.33 EPS for the current year.

In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $17.46, for a total transaction of $261,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Evan Clark Williams sold 853,700 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the transaction, the director now directly owns 2,735,038 shares in the company, valued at approximately $53,005,036.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,116,373 shares of company stock worth $38,183,574. Corporate insiders own 9.18% of the company’s stock.

Several large investors have recently modified their holdings of TWTR. Clinton Group Inc. boosted its stake in shares of Twitter by 28.8% in the first quarter. Clinton Group Inc. now owns 103,394 shares of the social networking company’s stock valued at $1,546,000 after buying an additional 23,128 shares during the period. World Asset Management Inc boosted its stake in shares of Twitter by 26.1% in the first quarter. World Asset Management Inc now owns 27,077 shares of the social networking company’s stock valued at $405,000 after buying an additional 5,597 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Twitter by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock valued at $519,000 after buying an additional 12,690 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of Twitter during the second quarter valued at about $315,000. Finally, Allen Investment Management LLC purchased a new stake in shares of Twitter during the second quarter valued at about $7,169,000. 49.16% of the stock is currently owned by hedge funds and other institutional investors.

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About Twitter

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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