Shares of the company are trading at $4.29 a great deal higher than $3.63, the stock’s 50 day moving average and which is significantly higher than the 200 day moving average of $3.38. The 50 day moving average was up $0.66 or +18.33% and the 200 day average went up $0.91 or +26.90%. Trading was light with 1,048K shares changing hands by the end of trading on Wednesday. Shares saw a steep decrease in trading volume of 57.75% under the normal average daily volume.
Investors are feeling more bearish on Fang Holdings Limited American of late if you evaluate the rise in short interest. The stock realized a rise in short interest from August 15, 2017 to August 31, 2017 of 3.53%. Short shares increased 836,664 over that timeframe. The short-interest ratio decreased to 11.0 and the percentage of shorted shares was 0.06% on August 31.
Here are a few substantial investment firms who have updated their positions. Citadel Advisors LLC divested its ownership by shedding 867,780 shares a decrease of 97.8% in the quarter. Citadel Advisors LLC owns 19,600 shares valued at $73,000. The total value of its holdings decreased 98.9%. As of quarter end Boothbay Fund Management, LLC had bought a total of 48,958 shares growing its holdings by 178.9%. The value in dollars went from $164,000 to $564,000 increasing 243.9% since the last quarter.
As of the end of the quarter Eqis Capital Management, Inc. had disposed of 4,615 shares trimming its position 3.9%. The value of the investment in (SFUN) increased from $385,000 to $422,000 a change of $37,000 quarter to quarter.
In the last earnings report the EPS was $-0.07 and is estimated to be $0.04 for the current year with 435,057,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.03 and the next full year EPS is projected to be $0.19.
Fang Holdings Limited, formerly SouFun Holdings Limited, launched on June 17, 2004, operates as a real estate Internet portal in China. The Business’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is involved in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The Business’s service offerings include marketing services, E-commerce services, listing services, Financial services and other value-added services..