Yelp Inc (NYSE:YELP) Shorts Decreased by 6.57% After Short Covering

Yelp Inc. (NYSE:YELP) Logo

Investors sentiment decreased to 1.24 in Q1 2019. Its down 0.12, from 1.36 in 2018Q4. It fall, as 22 investors sold Yelp Inc. shares while 71 reduced holdings. 53 funds opened positions while 62 raised stakes. 68.27 million shares or 0.59% less from 68.67 million shares in 2018Q4 were reported.
Macquarie Group Ltd owns 0.08% invested in Yelp Inc. (NYSE:YELP) for 1.38 million shares. Comerica Bancorp holds 0.01% or 48,169 shares in its portfolio. Federated Investors Pa holds 292,551 shares or 0.02% of its portfolio. Citigroup, a New York-based fund reported 17,645 shares. New York State Common Retirement Fund reported 0% stake. Maverick Ltd stated it has 0.08% in Yelp Inc. (NYSE:YELP). Barclays Public Limited Company holds 0.01% or 280,126 shares. Cornerstone has 0% invested in Yelp Inc. (NYSE:YELP) for 24 shares. Voloridge Invest Mngmt Ltd Liability Com stated it has 82,355 shares or 0.09% of all its holdings. Retirement System Of Alabama invested in 236,235 shares or 0.04% of the stock. Gotham Asset Mngmt Ltd Limited Liability Company has invested 0.01% in Yelp Inc. (NYSE:YELP). Moreover, Ameriprise Financial has 0% invested in Yelp Inc. (NYSE:YELP) for 295,757 shares. Fort Washington Inv Advsrs Oh holds 70,000 shares. Altimeter Capital Mngmt Lp reported 0.35% stake. Jacobs Levy Equity Mgmt reported 0.17% stake.

The stock of Yelp Inc (NYSE:YELP) registered a decrease of 6.57% in short interest. YELP’s total short interest was 8.68M shares in September as published by FINRA. Its down 6.57% from 9.29 million shares, reported previously. With 1.49 million shares average volume, it will take short sellers 6 days to cover their YELP’s short positions. The short interest to Yelp Inc’s float is 11.06%.

The stock increased 1.88% or $0.64 during the last trading session, reaching $34.6. About 828,823 shares traded. Yelp Inc. (NYSE:YELP) has declined 5.96% since September 11, 2018 and is downtrending. It has underperformed by 5.96% the S&P500.

Yelp Inc. operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company has market cap of $2.46 billion. The Company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others. It has a 48.32 P/E ratio. The firm provides free and paid business listing services to businesses, as well as enables businesses to deliver targeted search advertising to large local audiences through its Website and mobile application.

Yelp Inc. (NYSE:YELP) Ratings Coverage

Among 2 analysts covering Yelp Inc (NYSE:YELP), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Yelp Inc has $4200 highest and $39 lowest target. $40.50’s average target is 17.05% above currents $34.6 stock price. Yelp Inc had 5 analyst reports since March 15, 2019 according to SRatingsIntel. The firm earned “Hold” rating on Friday, March 15 by Cowen & Co. The firm earned “Neutral” rating on Friday, May 10 by B. Riley & Co.

More notable recent Yelp Inc. (NYSE:YELP) news were published by: Finance.Yahoo.com which released: “At US$34.08, Is Yelp Inc. (NYSE:YELP) Worth Looking At Closely? – Yahoo Finance” on July 22, 2019, also Finance.Yahoo.com with their article: “A Closer Look At Yelp Inc.’s (NYSE:YELP) Uninspiring ROE – Yahoo Finance” published on June 05, 2019, Bizjournals.com published: “Friday Feature: Best places to get a burger in South Florida (Photos) – South Florida Business Journal” on August 30, 2019. More interesting news about Yelp Inc. (NYSE:YELP) were released by: Finance.Yahoo.com and their article: “Why Yelp Stock Plunged Today – Yahoo Finance” published on May 10, 2019 as well as Prnewswire.com‘s news article titled: “The 5 Tech Companies to Watch in 2020 – PRNewswire” with publication date: September 11, 2019.

Yelp Inc. (NYSE:YELP) Institutional Positions Chart

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