What’s in Iqiyi Inc – American Depositary Shares (NASDAQ:IQ) After Decline in Shorted Shares?

The stock of Iqiyi Inc – American Depositary Shares (NASDAQ:IQ) registered a decrease of 6% in short interest. IQ’s total short interest was 61.66 million shares in September as published by FINRA. Its down 6% from 65.60M shares, reported previously. With 8.78 million shares average volume, it will take short sellers 7 days to cover their IQ’s short positions. The short interest to Iqiyi Inc – American Depositary Shares’s float is 19.73%.

The stock increased 0.20% or $0.04 during the last trading session, reaching $19.75. About 4.34M shares traded. iQIYI, Inc. (NASDAQ:IQ) has declined 39.53% since September 13, 2018 and is downtrending. It has underperformed by 39.53% the S&P500.

iQIYI, Inc., together with its subsidiaries, provides online entertainment services under the iQIYI brand name in China. The company has market cap of $14.32 billion. The firm operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content. It has a 18.63 P/E ratio. It provides membership, content distribution, live broadcasting, and online gaming services.

iQIYI, Inc. (NASDAQ:IQ) Ratings Coverage

Among 4 analysts covering iQIYI (NASDAQ:IQ), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. iQIYI has $24 highest and $1400 lowest target. $20.20’s average target is 2.28% above currents $19.75 stock price. iQIYI had 9 analyst reports since April 2, 2019 according to SRatingsIntel. HSBC maintained iQIYI, Inc. (NASDAQ:IQ) on Tuesday, April 2 with “Hold” rating. On Tuesday, August 20 the stock rating was downgraded by CSLA to “Outperform”.

More notable recent iQIYI, Inc. (NASDAQ:IQ) news were published by: Nasdaq.com which released: “Why Momo and iQIYI Had Very Different Fates in the First Half of 2019 – Nasdaq” on September 06, 2019, also Seekingalpha.com with their article: “IQiyi: Buy On Recent Weakness – Seeking Alpha” published on August 22, 2019, Nasdaq.com published: “Consumer Sector Update for 08/27/2019: PM, MO, KBSF – Nasdaq” on August 27, 2019. More interesting news about iQIYI, Inc. (NASDAQ:IQ) were released by: Nasdaq.com and their article: “Technology Sector Update for 08/16/2019: PHUN,NVDA,AMAT – Nasdaq” published on August 16, 2019 as well as Nasdaq.com‘s news article titled: “Health Care Sector Update for 09/05/2019: MNK, ZFGN, LVGO, JNJ, PFE, MRK, ABT, AMGN – Nasdaq” with publication date: September 05, 2019.

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