Zynga Inc – Class A (NASDAQ:ZNGA)’s Trend Unknown, Especially After Increased Shorts

Investors sentiment increased to 1.23 in 2019 Q1. Its up 0.09, from 1.14 in 2018Q4. It increased, as 22 investors sold Zynga Inc. shares while 66 reduced holdings. 51 funds opened positions while 57 raised stakes. 651.42 million shares or 3.21% less from 673.02 million shares in 2018Q4 were reported.
International Group Incorporated has invested 0% in Zynga Inc. (NASDAQ:ZNGA). Ibm Retirement Fund reported 0.01% in Zynga Inc. (NASDAQ:ZNGA). Dimensional Fund Advsr L P accumulated 26.09M shares. National Bank & Trust Of America De holds 740,564 shares. Contour Asset Mgmt Limited Liability reported 21.40M shares stake. Highbridge Capital Management Ltd accumulated 0.19% or 1.17M shares. First Manhattan Co reported 19,000 shares. Ny State Common Retirement Fund stated it has 6.55M shares or 0.04% of all its holdings. Tiger Legatus Capital Mngmt Ltd Liability Corp reported 4.99% of its portfolio in Zynga Inc. (NASDAQ:ZNGA). River And Mercantile Asset Management Llp stated it has 1.09M shares. Aqr Cap Ltd Liability accumulated 9.75 million shares. Numerixs Technology invested in 2,400 shares. Arrowgrass Cap Prtnrs (Us) Ltd Partnership holds 2.00M shares or 0.31% of its portfolio. Css Ltd Com Il invested in 28,400 shares or 0.01% of the stock. Commerzbank Aktiengesellschaft Fi holds 0.01% or 97,112 shares.

The stock of Zynga Inc – Class A (NASDAQ:ZNGA) registered an increase of 15.91% in short interest. ZNGA’s total short interest was 41.63M shares in September as published by FINRA. Its up 15.91% from 35.92 million shares, reported previously. With 18.61 million shares average volume, it will take short sellers 2 days to cover their ZNGA’s short positions. The short interest to Zynga Inc – Class A’s float is 4.87%.

The stock increased 0.70% or $0.04 during the last trading session, reaching $5.76. About 15.62 million shares traded. Zynga Inc. (NASDAQ:ZNGA) has risen 66.15% since September 11, 2018 and is uptrending. It has outperformed by 66.15% 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 $5.41 billion. It offers its online social games primarily under the Slots, Words With Friends, Zynga Poker, and FarmVille franchises. It currently has negative earnings. 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 6 analysts covering Zynga (NASDAQ:ZNGA), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Zynga has $900 highest and $600 lowest target. $7.58’s average target is 31.60% above currents $5.76 stock price. Zynga had 11 analyst reports since March 20, 2019 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, August 1 by Bank of America. The stock of Zynga Inc. (NASDAQ:ZNGA) earned “Overweight” rating by Stephens on Thursday, May 30. As per Thursday, August 1, the company rating was maintained by Wedbush. The firm earned “Neutral” rating on Thursday, May 2 by Bank of America. The firm has “Outperform” rating by Wedbush given on Tuesday, August 27. KeyBanc Capital Markets maintained the shares of ZNGA in report on Monday, April 29 with “Overweight” rating. Robert W. Baird upgraded it to “Outperform” rating and $800 target in Thursday, May 2 report.

More notable recent Zynga Inc. (NASDAQ:ZNGA) news were published by: Nasdaq.com which released: “Zynga (ZNGA) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release – Nasdaq” on July 24, 2019, also Seekingalpha.com with their article: “Raise Your Bets On Zynga – Seeking Alpha” published on April 26, 2019, Nasdaq.com published: “Zynga (ZNGA) Stock Sinks As Market Gains: What You Should Know – Nasdaq” on September 10, 2019. More interesting news about Zynga Inc. (NASDAQ:ZNGA) were released by: Nasdaq.com and their article: “Zynga (ZNGA) Outpaces Stock Market Gains: What You Should Know – Nasdaq” published on June 28, 2019 as well as Businesswire.com‘s news article titled: “Hobbs & Shaw Hit the Streets in Zynga’s CSR Racing 2 – Business Wire” with publication date: August 13, 2019.

Zynga Inc. (NASDAQ:ZNGA) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.