Baidu Ads (NASDAQ:BIDU) Shorts Decreased by 19.69% After Short Covering

The stock of Baidu Ads (NASDAQ:BIDU) registered a decrease of 19.69% in short interest. BIDU’s total short interest was 5.26M shares in March as published by FINRA. Its down 19.69% from 6.55M shares, reported previously. With 3.93 million shares average volume, it will take short sellers 1 days to cover their BIDU’s short positions. The short interest to Baidu Ads’s float is 1.95%. The stock is up 1.37% or $2.36 after the news, hitting $175.17 per share. About 2.06 million shares traded hands. Baidu Inc (ADR) (NASDAQ:BIDU) has risen 2.17% since August 3, 2015 and is uptrending. It has outperformed by 7.83% the S&P500.

Baidu, Inc. is a Chinese-language Internet search well-known provider (ISP). The company has a market cap of $59.97 billion. Baidu serves three types of online participants, which include users, clients and Baidu Union Members. It has 11.78 P/E ratio. The Firm offers a Chinese-language search platform on its Website, Baidu.com.

Out of 26 analysts covering Baidu (NASDAQ:BIDU), 20 rate it “Buy”, 1 “Sell”, while 8 “Hold”. This means 69% are positive. Baidu was the topic in 16 analyst reports since July 28, 2015 according to StockzIntelligence Inc.

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