Sea Ltd (NYSE:SE) Short Interest Down 10.1% in June

Sea Ltd (NYSE:SE) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 26,458,700 shares, a drop of 10.1% from the May 30th total of 29,420,400 shares. Approximately 9.3% of the shares of the company are sold short. Based on an average daily volume of 4,310,000 shares, the days-to-cover ratio is presently 6.1 days.

Several institutional investors have recently made changes to their positions in SE. Daiwa Securities Group Inc. acquired a new stake in shares of SEA in the first quarter worth $58,000. NumerixS Investment Technologies Inc grew its stake in shares of SEA by 393.3% in the fourth quarter. NumerixS Investment Technologies Inc now owns 7,400 shares of the Internet company based in Singapore’s stock worth $83,000 after acquiring an additional 5,900 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of SEA in the fourth quarter worth $103,000. Van ECK Associates Corp acquired a new stake in shares of SEA in the fourth quarter worth $122,000. Finally, Meitav Dash Investments Ltd. acquired a new stake in shares of SEA in the first quarter worth $218,000. Institutional investors and hedge funds own 58.45% of the company’s stock.

Shares of SEA stock traded down $0.83 during midday trading on Friday, hitting $35.17. The company had a trading volume of 1,335,617 shares, compared to its average volume of 3,336,204. The company’s 50 day moving average price is $31.96. The company has a market cap of $11.50 billion, a PE ratio of -11.88 and a beta of 1.32. The company has a current ratio of 2.26, a quick ratio of 2.25 and a debt-to-equity ratio of 0.47. SEA has a 1-year low of $10.52 and a 1-year high of $37.00.



SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 21st. The Internet company based in Singapore reported ($0.68) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.91) by $0.23. The business had revenue of $578.82 million for the quarter, compared to the consensus estimate of $425.65 million. SEA had a negative net margin of 140.24% and a negative return on equity of 272.42%. Equities analysts predict that SEA will post -3.44 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on SE shares. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Stifel Nicolaus set a $154.00 price target on shares of argenx and gave the company a “buy” rating in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. started coverage on shares of SEA in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $36.00 price target on the stock. Piper Jaffray Companies dropped their price target on shares of Pure Storage from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 22nd. Finally, Credit Suisse Group set a $43.00 price target on shares of SEA and gave the company a “buy” rating in a research report on Thursday, July 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $37.00.

SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

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