The Menlo Park, California-based Facebook Inc (NASDAQ:FB) is the best short sellers company and no other large United States Company was able to attract more attention from short selling. The world’s largest social-networking corporation Facebook will continue falling after losing $27 billion since its IPO.
New York-based research firm Data Explorers Ltd and Bloomberg gathered data shown that the short interest on world’s biggest social-networking company reached 5.9% of shares outstanding. According to the data none of the Standard & Poor’s 500 Index firms with almost $50 billion in market capitalization has short interest more than 3%.
Facebook, which has a market value of about $63.8 billion, stock plunged 29% since they started trading on May 18 amid fears that the Initial Public Offering was overvalued and the corporation will resist to boost profit from its 901 million consumers.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Groupon Inc (NASDAQ:GRPN) moves up +8.64% to settle at $10.63, Physicians Formula Holdings, Inc. (NASDAQ:FACE) moved up +1.59% to end at $3.19 while Linkedin Corporation (NYSE:LNKD) increased +0.09% to finish on Wednesday at $93.08.
Facebook Inc (NASDAQ:FB) last session volume of 61.49 million shares was surprisingly higher than its average volume of 14.89 million shares. The stock after opening at $26.07 hit high price of $27.17 and then closed at $26.81 by scoring +3.64%.
FB generated revenue of 3.71 billion in the following twelve months and earned $668.00 million. The Company showed a negative +26.95% in the net profit margin and as well as in its operating margin which remained +47.32%. Company’s quarterly sales growth was +44.73%.
The FB past twelve months price to sales ratio was 15.45 and price to cash ratio remained 14.66. The stock showed weekly downbeat performance of -4.90% while the YTD performance remained at -29.87%.
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