Could Momo Inc – American Depositary Shares (NASDAQ:MOMO) See a Reversal After More Sellers Came In?

The stock of Momo Inc – American Depositary Shares (NASDAQ:MOMO) registered an increase of 12.51% in short interest. MOMO’s total short interest was 5.94M shares in March as published by FINRA. Its up 12.51% from 5.28 million shares, reported previously. With 2.37M shares average volume, it will take short sellers 3 days to cover their MOMO’s short positions. The short interest to Momo Inc – American Depositary Shares’s float is 3.89%.

The stock increased 3.44% or $1.28 during the last trading session, reaching $38.5. About 4.57M shares traded or 20.42% up from the average. Momo Inc. (NASDAQ:MOMO) has risen 6.41% since March 17, 2018 and is uptrending. It has outperformed by 2.04% the S&P500.

Momo Inc. operates as a mobile-based social networking platform in the PeopleÂ’s Republic of China. The company has market cap of $7.97 billion. The companyÂ’s platform includes its Momo mobile application and various related features, functionalities, tools, and services that are provided to users, customers, and platform partners. It has a 18.87 P/E ratio. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations and interests; and Hani, a live video application.

Momo Inc. (NASDAQ:MOMO) Ratings Coverage

Among 8 analysts covering Momo (NASDAQ:MOMO), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Momo had 10 analyst reports since November 9, 2018 according to SRatingsIntel. The company was maintained on Thursday, March 14 by Daiwa Securities. Nomura maintained it with “Buy” rating and $41 target in Friday, December 7 report. Jefferies maintained Momo Inc. (NASDAQ:MOMO) rating on Wednesday, November 21. Jefferies has “Buy” rating and $5800 target. The stock has “Buy” rating by China Renaissance Securities (US) Inc. on Wednesday, March 13. As per Friday, December 7, the company rating was downgraded by Morgan Stanley. The company was upgraded on Friday, November 9 by 86 Research. The stock of Momo Inc. (NASDAQ:MOMO) earned “Buy” rating by Nomura on Tuesday, March 12. CLSA maintained Momo Inc. (NASDAQ:MOMO) on Wednesday, March 13 with “Buy” rating. As per Wednesday, March 13, the company rating was upgraded by Morgan Stanley.

More notable recent Momo Inc. (NASDAQ:MOMO) news were published by: Nasdaq.com which released: “Momo (MOMO) Q4 Earnings & Revenues Surpass Estimates, Up Y/Y – Nasdaq” on March 13, 2019, also Nasdaq.com with their article: “What’s in Store for Upland Software’s (UPLD) Q4 Earnings? – Nasdaq” published on March 04, 2019, Nasdaq.com published: “Earnings Reaction History: MOMO INC -ADR, 72.7% Follow-Through Indicator, 18.0% Sensitive – Nasdaq” on March 12, 2019. More interesting news about Momo Inc. (NASDAQ:MOMO) were released by: Nasdaq.com and their article: “Momo (MOMO) to Report Q4 Earnings: What’s in the Cards? – Nasdaq” published on March 08, 2019 as well as Investorplace.com‘s news article titled: “5 Top Stock Trades for Wednesday: SFIX, COUP, MOMO, DKS – Investorplace.com” with publication date: March 12, 2019.

Momo Inc. (NASDAQ:MOMO) Ratings Chart

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