Yandex NV (NASDAQ:YNDX) Short Interest Down 36.7% in August

Yandex NV (NASDAQ:YNDX) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 963,700 shares, a decrease of 36.7% from the July 31st total of 1,523,500 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,090,000 shares, the short-interest ratio is presently 0.5 days.

NASDAQ YNDX traded up $0.08 during mid-day trading on Thursday, reaching $37.74. 630,344 shares of the stock were exchanged, compared to its average volume of 2,293,186. The business’s 50 day moving average is $37.23 and its 200-day moving average is $37.09. Yandex has a 1 year low of $24.90 and a 1 year high of $42.37. The company has a market capitalization of $12.17 billion, a P/E ratio of 39.73 and a beta of 1.98. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.03 and a current ratio of 3.03.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Friday, July 26th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.10). Yandex had a return on equity of 12.09% and a net margin of 12.15%. The firm had revenue of $41.40 billion for the quarter, compared to analysts’ expectations of $40.64 billion. During the same period last year, the company posted $15.11 earnings per share. The business’s quarterly revenue was up 41.0% on a year-over-year basis. Equities analysts predict that Yandex will post 1.19 earnings per share for the current fiscal year.



A number of institutional investors and hedge funds have recently bought and sold shares of YNDX. Invesco Ltd. lifted its holdings in Yandex by 450.6% during the second quarter. Invesco Ltd. now owns 16,658,596 shares of the information services provider’s stock valued at $633,026,000 after purchasing an additional 13,633,061 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Yandex during the second quarter valued at $93,541,000. Dragoneer Investment Group LLC purchased a new position in Yandex during the second quarter valued at $56,484,000. GQG Partners LLC purchased a new position in Yandex during the first quarter valued at $46,421,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Yandex by 69.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,106,765 shares of the information services provider’s stock valued at $80,057,000 after purchasing an additional 863,530 shares in the last quarter. 72.13% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on YNDX shares. OTR Global started coverage on shares of Yandex in a report on Thursday, June 27th. They set a “positive” rating on the stock. ValuEngine downgraded shares of Yandex from a “hold” rating to a “sell” rating in a report on Wednesday. HSBC set a $45.00 price target on shares of Yandex and gave the stock a “buy” rating in a report on Friday, June 14th. Bank of America set a $50.00 price target on shares of Yandex and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Renaissance Capital raised shares of Yandex from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.20.

Yandex Company Profile

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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