JD.com, Inc. (NASDAQ:JD) Sees Significant Increase in Short Interest

JD.com, Inc. (NASDAQ:JD) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 34,310,000 shares, a growth of 8.2% from the December 31st total of 31,710,000 shares. Based on an average daily volume of 12,080,000 shares, the short-interest ratio is currently 2.8 days.

JD.com Stock Down 1.7 %

Shares of NASDAQ:JD opened at $40.03 on Tuesday. The company’s 50-day moving average price is $36.93 and its two-hundred day moving average price is $34.28. The firm has a market cap of $63.13 billion, a P/E ratio of 12.67, a P/E/G ratio of 0.30 and a beta of 0.40. JD.com has a 12 month low of $21.18 and a 12 month high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JD shares. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Friday. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Barclays boosted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

Hedge Funds Weigh In On JD.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of JD.com during the 4th quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in JD.com during the fourth quarter valued at $34,000. Nisa Investment Advisors LLC grew its position in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC purchased a new position in shares of JD.com in the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of JD.com during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.