Alibaba Group Holding Limited (NYSE:BABA) has shown a rise of 22.1% or 17,144,809 shares in the short positions. The bets have increased to 94,859,433 shares on June 15,2016 from 77,714,624 shares on May 31,2016. With respect to the floated shares, the shorts are 3.9%. The days to cover are calculated to be 4, using the standard per day volume of 22,096,800 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Alibaba Group Holding Limited (NYSE:BABA): The stock opened at $76.83 on Friday but the bulls could not build on the opening and the stock topped out at $77.50 for the day. The stock traded down to $75.43 during the day, due to lack of any buying support eventually closed down at $76.29 with a loss of -3.60% for the day. The stock had closed at $79.14 on the previous day. The total traded volume was 18,224,791 shares.
The company shares have dropped -5.90% from its 1 Year high price. On Nov 5, 2015, the shares registered one year high at $86.42 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $78.33 and the 200 Day Moving Average price is recorded at $75.39.
Alibaba Group Holding Limited (NYSE:BABA) has tumbled 0.92% during the past week and has dropped 5.78% in the last 4 week period. The company has outperformed the S&P 500 by 0.72% in the past week but underperformed the index by 2.93% in the last 4 weeks.
Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).