It Seems YY Inc (ADR) Will Go Up. Had Bullish Options Activity

 It Seems YY Inc (ADR) Will Go Up. Had Bullish Options Activity

In today’s session YY Inc (ADR) (YY) registered an unusually high (477) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious YY increase. With 477 contracts traded and 32174 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: YY161216C00050000 closed last at: $0.9 or 10% down. About 389,155 shares traded hands. YY Inc (ADR) (NASDAQ:YY) has declined 29.50% since April 26, 2016 and is downtrending. It has underperformed by 34.76% the S&P500.

Analysts await YY Inc (ADR) (NASDAQ:YY) to report earnings on March, 20.

YY Inc (ADR) (NASDAQ:YY) Ratings Coverage

Out of 4 analysts covering YY Inc (NASDAQ:YY), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. YY Inc has been the topic of 6 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, November 28 by Bank of America. The firm has “Buy” rating given on Monday, October 31 by HSBC. The stock has “Hold” rating given by Zacks on Thursday, August 20. The rating was maintained by Piper Jaffray with “Overweight” on Friday, August 14. JP Morgan initiated the shares of YY in a report on Wednesday, August 31 with “Overweight” rating. The company was downgraded on Monday, August 17 by Pacific Crest.

According to Zacks Investment Research, “YY Inc. is a communication social platform, which engages users in online group activities through voice, text and video. The Company’s Platform consists of YY Client, the YY.com and Duowan.com web portals, Mobile YY and Web-based YY. YY Inc. is based in Guangzhou, the People’s Republic of China.”

YY Inc. is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The company has a market cap of $2.32 billion. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. It has a 13.73 P/E ratio. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

YY Company Profile

YY Inc. (YY), incorporated on July 22, 2011, is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. The Firm owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company’s YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan.

Another recent and important YY Inc (ADR) (NASDAQ:YY) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on November 21, 2012.

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