What’s Zynga Inc – Class A (NASDAQ:ZNGA) Upside After This Short Interest Increase?

June 16, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.30, from 1.38 in 2017Q4. It fall, as 38 investors sold Zynga Inc. shares while 48 reduced holdings. 28 funds opened positions while 65 raised stakes. 575.74 million shares or 2.07% less from 587.93 million shares in 2017Q4 were reported.
81,588 were accumulated by Pnc Group Inc. Manufacturers Life Ins The, Ontario – Canada-based fund reported 33,592 shares. Botty Ltd Liability reported 13,830 shares. Element Capital Management Ltd Co holds 0% in Zynga Inc. (NASDAQ:ZNGA) or 25,757 shares. Salem Invest Counselors has invested 0.02% in Zynga Inc. (NASDAQ:ZNGA). Great West Life Assurance Co Can reported 109,359 shares or 0% of all its holdings. Int Grp Incorporated owns 16,105 shares. Hsbc Hldgs Public Llc reported 36,180 shares. Bb&T Secs Llc holds 0% or 10,200 shares. First Quadrant L P Ca holds 5.08M shares or 0.36% of its portfolio. Glenmede Tru Com Na has 0% invested in Zynga Inc. (NASDAQ:ZNGA). Vanguard Gp Inc has 64.89 million shares for 0.01% of their portfolio. Artisan Lp accumulated 38.01M shares. Bartlett Limited Liability Corp accumulated 1,029 shares or 0% of the stock. Wells Fargo And Co Mn has invested 0% in Zynga Inc. (NASDAQ:ZNGA).

Since January 16, 2018, it had 0 insider purchases, and 9 insider sales for $525,118 activity. $71,400 worth of Zynga Inc. (NASDAQ:ZNGA) was sold by Bromberg Matthew S on Wednesday, April 18. Kim Bernard Jin sold $78,400 worth of stock or 20,000 shares.

The stock of Zynga Inc – Class A (NASDAQ:ZNGA) registered an increase of 2.01% in short interest. ZNGA’s total short interest was 23.09 million shares in June as published by FINRA. Its up 2.01% from 22.64 million shares, reported previously. With 5.82 million shares average volume, it will take short sellers 4 days to cover their ZNGA’s short positions. The short interest to Zynga Inc – Class A’s float is 3.02%.

The stock decreased 0.92% or $0.04 during the last trading session, reaching $4.33. About 5.66M shares traded. Zynga Inc. (NASDAQ:ZNGA) has risen 19.48% since June 16, 2017 and is uptrending. It has outperformed by 6.91% the S&P500.

Zynga Inc. develops, markets, and operates social games as live services played on the Internet, social networking sites, and mobile platforms in the United States and internationally. The company has market cap of $3.71 billion. It offers its online social games primarily under the Slots, Words With Friends, Zynga Poker, and FarmVille franchises. It has a 144.33 P/E ratio. The companyÂ’s games are accessible on mobile platforms, Facebook, and other social networks, as well as Zynga.com.

Zynga Inc. (NASDAQ:ZNGA) Ratings Coverage

Among 5 analysts covering Zynga (NASDAQ:ZNGA), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Zynga had 5 analyst reports since January 3, 2018 according to SRatingsIntel. Benchmark maintained the stock with “Buy” rating in Thursday, May 31 report. The stock of Zynga Inc. (NASDAQ:ZNGA) has “Underperform” rating given on Thursday, February 8 by Credit Suisse. The firm has “Buy” rating given on Thursday, February 8 by Wedbush. Jefferies maintained Zynga Inc. (NASDAQ:ZNGA) rating on Sunday, February 11. Jefferies has “Buy” rating and $5.0 target.

More news for Zynga Inc. (NASDAQ:ZNGA) were recently published by: Seekingalpha.com, which released: “Zynga buys Gram Games for $250M” on May 30, 2018. Seekingalpha.com‘s article titled: “Zynga: No Cigar” and published on June 01, 2018 is yet another important article.

Zynga Inc. (NASDAQ:ZNGA) Institutional Positions Chart

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