iQIYI, Inc (NASDAQ:IQ) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 34,908,239 shares, a growth of 12.8% from the July 13th total of 30,952,883 shares. Based on an average trading volume of 23,964,164 shares, the days-to-cover ratio is presently 1.5 days. Approximately 11.6% of the shares of the stock are sold short.
Shares of NASDAQ IQ opened at $29.40 on Friday. iQIYI has a 1 year low of $15.30 and a 1 year high of $46.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.31 and a quick ratio of 1.31.
iQIYI (NASDAQ:IQ) last issued its quarterly earnings data on Tuesday, July 31st. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.30) by $1.85. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.26 billion. The company’s revenue was up 42.6% on a year-over-year basis. equities research analysts predict that iQIYI will post -1.14 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. bought a new position in iQIYI during the 2nd quarter worth approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in iQIYI during the 2nd quarter worth approximately $113,000. Canada Pension Plan Investment Board raised its holdings in iQIYI by 0.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,506,000 shares of the company’s stock worth $48,644,000 after purchasing an additional 6,000 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in iQIYI during the 2nd quarter worth approximately $208,000. Finally, GAM Holding AG bought a new position in iQIYI during the 2nd quarter worth approximately $216,000. Institutional investors and hedge funds own 11.65% of the company’s stock.
iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand name in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.
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