Pinterest Inc (NYSE:PINS) shares are up another 7% on Monday and are now up 45.6% overall in the past two trading sessions after the company reported 4% revenue growth and 49 million new users in the second quarter. Global monthly active users were up 39% compared to a year ago.
While Pinterest investors are celebrating the big numbers, S3 Partners analyst Ihor Dusaniwsky said Pinterest short sellers are getting absolutely crushed.
“PINS shorts more than doubled their year-to-date mark-to-market losses on today’s price move and we should expect a short squeeze in the stock as short sellers look for more attractive short targets elsewhere,” Dusaniwsky said.
The Numbers: Pinterest currently has $674 million in short interest, roughly 6.9% of its total float. As of the end of last week, Pinterest short sellers had endured $375 million in year-to-date mark-to-market losses, including a $207 million hit on Friday alone.
Dusaniwsky said some short sellers seemed to be throwing in the towel on Pinterest even before the blowout report. Pinterest short interest has dropped by 2.56 million over the past month.
Facebook, Inc. (NASDAQ:FB) remains the most heavily shorted stock in the Interactive Media & Services group with more than $6.2 billion of short interest, but that short interest represents just 1.1% of the company’s float. Of the major social media stocks, Snap Inc (NYSE:SNAP) has the highest short percent of float at 9.2%.
Benzinga’s Take: The Facebook advertising boycott could also be contributing to the positive momentum in Pinterest shares. Investors know that advertisers avoiding Facebook have limited options for other social media platforms that offer anything close to the reach that Facebook does.
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Pinterest Inc.(紐約證券交易所:別針)股價週一又上漲7%,在過去兩個交易日整體上漲45.6%,此前該公司公佈第二季度收入增長4%,新增用户4900萬。全球月度活躍用户比一年前增長了39%。
儘管Pinterest的投資者正在慶祝這一大數字,但S3 Partners分析師Ihor Dusaniwsky表示,Pinterest的賣空者正受到絕對的打擊。
Dusaniwsky表示:“由於今天的價格變動,Pins空頭今年迄今的損失按市值計算增加了一倍以上,隨着賣空者在其他地方尋找更具吸引力的做空目標,我們應該預計該股將出現空頭擠壓。”
這些數字:Pinterest目前持有6.74億美元的空頭股數股份,約佔其總流通股的6.9%。截至上週末,Pinterest賣空者今年迄今已蒙受3.75億美元的按市值計算的損失,其中僅上週五就損失了2.07億美元。
Dusaniwsky表示,甚至在井噴報告發布之前,一些賣空者似乎就已經對Pinterest認輸了。Pinterest空頭股數在過去一個月裏下跌了256萬。
Facebook,Inc.(納斯達克:Fb)仍然是被做空最嚴重的股票,持有逾62億美元的空頭股數,但新浪空頭股數僅佔該公司流通股的1.1%。在主要的社交媒體股票中,Snap(紐約證券交易所:折斷)的空頭百分比最高,為9.2%。
本辛加的觀點:Facebook的廣告抵制也可能有助於Pinterest股價的積極勢頭。投資者知道,避開Facebook的廣告商對於其他社交媒體平臺的選擇有限,這些平臺提供的服務範圍接近Facebook。
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