Yandex NV (NASDAQ:YNDX) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 3,020,000 shares, a drop of 10.9% from the January 15th total of 3,390,000 shares. Based on an average trading volume of 2,317,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.1% of the company’s shares are sold short.
Shares of Yandex stock opened at $46.57 on Friday. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $15.12 billion, a P/E ratio of 57.49, a P/E/G ratio of 0.69 and a beta of 1.96. The business has a fifty day simple moving average of $45.27 and a two-hundred day simple moving average of $39.08. Yandex has a 12 month low of $28.91 and a 12 month high of $48.95.
A number of institutional investors have recently made changes to their positions in the business. Eqis Capital Management Inc. lifted its position in Yandex by 1.2% during the third quarter. Eqis Capital Management Inc. now owns 57,435 shares of the information services provider’s stock valued at $2,011,000 after buying an additional 656 shares during the period. Advisors Asset Management Inc. lifted its position in Yandex by 3.2% during the fourth quarter. Advisors Asset Management Inc. now owns 23,330 shares of the information services provider’s stock valued at $1,015,000 after buying an additional 722 shares during the period. Utah Retirement Systems lifted its position in Yandex by 1.9% during the fourth quarter. Utah Retirement Systems now owns 43,207 shares of the information services provider’s stock valued at $1,879,000 after buying an additional 800 shares during the period. NumerixS Investment Technologies Inc purchased a new position in Yandex during the fourth quarter valued at $48,000. Finally, Quest Capital Management Inc. ADV purchased a new position in Yandex during the third quarter valued at $46,000. 66.03% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Tigress Financial assumed coverage on Yandex in a research note on Friday, January 17th. They issued a “buy” rating for the company. BidaskClub raised Yandex from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Finally, ValuEngine raised Yandex from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. Yandex presently has a consensus rating of “Buy” and an average target price of $48.33.
Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.
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