iQIYI, Inc. (NASDAQ:IQ) Short Interest Update

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 40,410,000 shares, a growth of 20.7% from the January 31st total of 33,470,000 shares. Based on an average daily volume of 25,440,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 7.7% of the shares of the company are sold short.

iQIYI Price Performance

iQIYI stock traded down $0.11 during midday trading on Monday, reaching $2.25. 21,158,079 shares of the stock were exchanged, compared to its average volume of 16,067,612. iQIYI has a 52 week low of $1.82 and a 52 week high of $5.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.45 and a current ratio of 0.44. The firm has a market cap of $2.15 billion, a PE ratio of 22.45, a PEG ratio of 4.13 and a beta of 0.05. The company's fifty day moving average is $2.15 and its 200-day moving average is $2.26.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. The business had revenue of $919.56 million during the quarter, compared to analysts' expectations of $6.62 billion. On average, sell-side analysts forecast that iQIYI will post 0.04 EPS for the current year.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on IQ. Benchmark restated a "hold" rating on shares of iQIYI in a research note on Wednesday, February 19th. Hsbc Global Res raised shares of iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. Citigroup reduced their target price on shares of iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research note on Thursday, January 16th. OTR Global restated a "negative" rating on shares of iQIYI in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of iQIYI from $2.50 to $1.80 and set a "neutral" rating for the company in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, iQIYI currently has a consensus rating of "Hold" and a consensus price target of $2.91.

Institutional Trading of iQIYI

Several institutional investors and hedge funds have recently made changes to their positions in IQ. Corient Private Wealth LLC lifted its stake in iQIYI by 37.3% in the fourth quarter. Corient Private Wealth LLC now owns 28,138 shares of the company's stock worth $57,000 after purchasing an additional 7,645 shares during the last quarter. IvyRock Asset Management HK Ltd increased its stake in iQIYI by 20.0% in the 4th quarter. IvyRock Asset Management HK Ltd now owns 60,000 shares of the company's stock worth $121,000 after purchasing an additional 10,000 shares during the period. Flow Traders U.S. LLC bought a new stake in iQIYI in the third quarter valued at approximately $32,000. SBI Securities Co. Ltd. purchased a new stake in shares of iQIYI during the fourth quarter valued at approximately $32,000. Finally, Vident Advisory LLC purchased a new stake in shares of iQIYI during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 52.69% of the company's stock.

iQIYI Company Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.