58.COM Inc American Depositary Shares Each Repre (NYSE:WUBA) Just Reported Decreased Shorts

The stock of 58.COM Inc American Depositary Shares Each Repre (NYSE:WUBA) registered a decrease of 17.78% in short interest. WUBA’s total short interest was 1.89M shares in August as published by FINRA. Its down 17.78% from 2.29M shares, reported previously. With 854,800 shares average volume, it will take short sellers 2 days to cover their WUBA’s short positions. The short interest to 58.COM Inc American Depositary Shares Each Repre’s float is 1.65%.

The stock increased 3.80% or $1.96 during the last trading session, reaching $53.5. About 799,534 shares traded. 58.com Inc. (NYSE:WUBA) has declined 15.08% since August 13, 2018 and is downtrending. It has underperformed by 15.08% the S&P500.

58.com Inc. operates online classifieds and listing platforms that enable local merchants and clients to connect, share information, and conduct business in China. The company has market cap of $7.95 billion. It primarily operates online multi-content category-classified advertising platforms under the 58 and Ganji names; and Anjuke, an online real estate listing platform. It has a 26.35 P/E ratio. The company??s platform contains local information of approximately 500 cities or towns in various content categories, including jobs, real estate, used goods, automotive, and yellow pages.

58.com Inc. (NYSE:WUBA) Ratings Coverage

Among 4 analysts covering 58.com (NYSE:WUBA), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. 58.com had 9 analyst reports since February 23, 2019 according to SRatingsIntel. As per Monday, March 4, the company rating was maintained by Benchmark. CLSA maintained 58.com Inc. (NYSE:WUBA) on Friday, March 1 with “Buy” rating. The company was maintained on Friday, March 1 by Credit Suisse.

More recent 58.com Inc. (NYSE:WUBA) news were published by: Finance.Yahoo.com which released: “58.com Inc (WUBA) Q1 2019 Earnings Call Transcript – Yahoo Finance” on May 29, 2019. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For July 17, 2019 – Benzinga” on July 17, 2019. Seekingalpha.com‘s news article titled: “58.com Q4 2018 Earnings Preview – Seeking Alpha” with publication date: February 28, 2019 was also an interesting one.

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