Today Sea Limited American Depositary (NYSE:SE) Reported Increase in Shorted Shares

February 19, 2018 - By Linda Rogers

 Today Sea Limited American Depositary (NYSE:SE) Reported Increase in Shorted Shares

Investors sentiment increased to 0.5 in Q3 2017. Its up 0.43, from 0.07 in 2017Q2. It is positive, as 1 investors sold Sea Limited shares while 1 reduced holdings. 1 funds opened positions while 0 raised stakes. 55,235 shares or 98.48% less from 3.63 million shares in 2017Q2 were reported.
Beacon Fincl Gru holds 0.28% or 35,400 shares in its portfolio. Jacobs Ca has invested 0.48% in Sea Limited (NYSE:SE). The Michigan-based Monroe Commercial Bank Tru Mi has invested 0.04% in Sea Limited (NYSE:SE).

The stock of Sea Limited American Depositary (NYSE:SE) registered an increase of 104.61% in short interest. SE’s total short interest was 4.13M shares in February as published by FINRA. Its up 104.61% from 2.02M shares, reported previously. With 2.40 million shares average volume, it will take short sellers 2 days to cover their SE’s short positions.

The stock decreased 0.40% or $0.05 during the last trading session, reaching $12.33. About 742,616 shares traded. Sea Limited (NYSE:SE) has 0.00% since February 19, 2017 and is . It has underperformed by 16.70% the S&P500.

Sea Limited, an Internet platform company, engages in the digital entertainment, e-commerce, and digital financial service businesses in Greater Southeast Asia. The company has market cap of $4.03 billion. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features. It currently has negative earnings. The firm also operates Shopee e-commerce platform, a third-party marketplace that connects buyers and sellers through the Shopee mobile app and Websites.

Sea Limited (NYSE:SE) Ratings Coverage

Among 13 analysts covering Spectra Energy Corp. (NYSE:SE), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. Spectra Energy Corp. had 27 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, September 7. The rating was maintained by Deutsche Bank on Monday, October 10 with “Hold”. Bernstein initiated Sea Limited (NYSE:SE) on Wednesday, May 11 with “Market Perform” rating. As per Wednesday, August 26, the company rating was upgraded by UBS. Argus Research downgraded Sea Limited (NYSE:SE) on Monday, September 26 to “Hold” rating. As per Tuesday, November 24, the company rating was maintained by Argus Research. The firm earned “Strong Buy” rating on Monday, January 4 by Raymond James. As per Saturday, August 8, the company rating was upgraded by Howard Weil. The stock has “Outperform” rating by Raymond James on Thursday, September 10. Howard Weil upgraded the stock to “Sector Perform” rating in Thursday, August 6 report.

More recent Sea Limited (NYSE:SE) news were published by: Quotes.Wsj.com which released: “Sea Ltd. ADR SE (US: NYSE)” on February 13, 2011. Also Marketwatch.com published the news titled: “Sea Ltd. ADR” on August 04, 2009. Fool.com‘s news article titled: “Sea Limited IPO: What Investors Need to Know” with publication date: October 16, 2017 was also an interesting one.

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