Glu Mobile Incorporated (NASDAQ:GLUU) on Focus After Report of Less Shorts

December 12, 2017 - By Vivian Currie

 Glu Mobile Incorporated (NASDAQ:GLUU) on Focus After Report of Less Shorts

Investors sentiment decreased to 1.56 in Q2 2017. Its down 0.25, from 1.81 in 2017Q1. It dived, as 11 investors sold Glu Mobile Inc. shares while 21 reduced holdings. 20 funds opened positions while 30 raised stakes. 42.45 million shares or 21.72% more from 34.88 million shares in 2017Q1 were reported.
Creative Planning, a Kansas-based fund reported 45,000 shares. Citigroup Inc owns 0% invested in Glu Mobile Inc. (NASDAQ:GLUU) for 12,960 shares. Metropolitan Life Ny has invested 0% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU). Swiss Bank accumulated 195,700 shares. Ubs Asset Mngmt Americas owns 73,207 shares. Jpmorgan Chase And reported 0% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU). Citadel Advsrs Llc owns 209,926 shares or 0% of their US portfolio. Group One Trading Lp holds 0.01% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU) for 237,354 shares. Global X Mngmt Limited Liability Co reported 0.01% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU). Edge Wealth Management Limited Liability Corporation holds 15 shares or 0% of its portfolio. Alliancebernstein Limited Partnership accumulated 0% or 191,000 shares. Ameriprise Fin Inc has invested 0% in Glu Mobile Inc. (NASDAQ:GLUU). Bnp Paribas Arbitrage stated it has 0% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU). First Manhattan accumulated 0% or 16,770 shares. Federated Invsts Pa invested 0% in Glu Mobile Inc. (NASDAQ:GLUU).

The stock of Glu Mobile Incorporated (NASDAQ:GLUU) registered a decrease of 36.21% in short interest. GLUU’s total short interest was 2.85 million shares in December as published by FINRA. Its down 36.21% from 4.47 million shares, reported previously. With 5.38 million shares average volume, it will take short sellers 1 days to cover their GLUU’s short positions. The short interest to Glu Mobile Incorporated’s float is 2.73%.

The stock decreased 2.24% or $0.11 during the last trading session, reaching $4.57. About 2.37M shares traded. Glu Mobile Inc. (NASDAQ:GLUU) has risen 5.65% since December 12, 2016 and is uptrending. It has underperformed by 11.05% the S&P500.

Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company has market cap of $626.93 million. The firm publishes titles in five genres, including fashion and celebrity, sports and action, food, home, and social networking. It currently has negative earnings. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, QuizUp, Racing Rivals, and Tap Sports Baseball.

Glu Mobile Inc. (NASDAQ:GLUU) Ratings Coverage

Among 11 analysts covering Glu Mobile (NASDAQ:GLUU), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Glu Mobile had 38 analyst reports since August 5, 2015 according to SRatingsIntel. Benchmark maintained the stock with “Hold” rating in Thursday, November 10 report. The stock of Glu Mobile Inc. (NASDAQ:GLUU) earned “Hold” rating by Canaccord Genuity on Friday, June 30. As per Thursday, October 12, the company rating was downgraded by Benchmark. The rating was maintained by Cowen & Co on Wednesday, September 6 with “Buy”. The rating was maintained by Canaccord Genuity on Tuesday, September 5 with “Hold”. The rating was downgraded by Benchmark on Monday, November 9 to “Hold”. The company was maintained on Tuesday, September 1 by Canaccord Genuity. The rating was upgraded by TH Capital to “Buy” on Monday, February 6. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, August 5. The firm has “Hold” rating by Canaccord Genuity given on Monday, October 30.

More recent Glu Mobile Inc. (NASDAQ:GLUU) news were published by: Businesswire.com which released: “Glu Adds Tesla’s Chief People Officer Gabrielle Toledano to Board of Directors” on December 04, 2017. Also Seekingalpha.com published the news titled: “Glu Mobile issues equity inducements to five employees” on November 15, 2017. Fool.com‘s news article titled: “Why Glu Mobile Inc. Stock Popped Today” with publication date: December 11, 2017 was also an interesting one.

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