Alibaba Short Interest Report: Sharp Decline Signals Changing Market Dynamics

Alibaba Short Interest Declines in November: Daily Volume at 20.36M Shares

In November, Alibaba Group Holding Limited had a significant drop in short interest. 50,230,000 shares were shorted as of November 30th, a 9.1% decrease from the 55,230,000 shares shorted on November 15th. With a daily volume of 20,360,000 shares on average, the days-to-cover ratio is 2.5 days at the moment. At the moment, 2.1% of the stock is being shorted.

Alibaba Stock Nears 200-Day Moving Average with $87.82 Close

The stock of Alibaba Group fell $1.41 during Friday’s trading, closing at $87.82. 11,608,633 shares of the company were exchanged, which is less than the 17,470,092 daily average. The one-year low and high for Alibaba Group are $66.63 and $117.82, respectively. Both the 50-day and 200-day moving average prices for the company are $94.82 and $86.39. With a $209.87 billion market valuation, the company’s PE ratio is 17.81, its P/E/G ratio is 0.44, and its beta is 0.30.

The last time Alibaba Group reported its financial results was on Friday, November 15. Analysts’ consensus projections of $1.87 for the specialty retailer’s quarterly earnings per share (EPS) were surpassed by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s quarter-end sales of $236.50 billion were lower than the $239.45 billion consensus expectation.

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