How Many Priceline.com Inc (PCLN) Investors Are Short?

Page 1 of 2

At present, there are a significant amount of facts and figures for Priceline.com Inc (NASDAQ:PCLN) traders to track, but it’s key to take note of a company’s short sellers. Two metrics typically used are: (a) the chunk of a company’s shares that bears are presently selling, in addition to (b) the difference in short selling activity.

Augmented bearish shorting typically means what it implies: Wall Street has grown less bullish on a company. Short selling that’s too high, however, sometimes has a bullish effect on share price, as short-ers can be forced to cover their shares.

Priceline.com Inc (NASDAQ:PCLN)At Insider Monkey, it’s no secret that we monitor hedgies’ interest, but it’s also beneficial to pair this information with overall short interest information. In some high-profile cases, mega- investors could disclose that they’re bearish on a stock, but it is not an SEC requirement. Nonetheless, some individual investors may want to stay away from highly shorted stocks with elevated hedgie investment, while others may want short-squeeze candidates. For readers wanting a proven piggybacking strategy, discover the details of our premium strategy.

Without further ado, let’s take a gander at the latest data swirling around Priceline.com Inc (NASDAQ:PCLN).

Tracking the newest FINRA short interest data, which is reported two times monthly, we can realize that Priceline.com Inc (NASDAQ:PCLN) has a short interest of 5.30% of float. This represents a -12% change from the previous filing period. With a total float of 51.13M shares, this is a short ratio of 4.30.

It’s also important to keep an eye on hedge fund sentiment via their quarterly 13F filings. According to our data, Stephen Mandel’s Lone Pine Capital had the biggest position in Priceline.com Inc (NASDAQ:PCLN), worth close to $1.4206 billion, comprising 6.9% of its total 13F portfolio. The 2nd biggest stake is held by Coatue Management, managed by Philippe Laffont, which held a $443.7 million position; the fund has 4.9% of its 13F portfolio invested in the stock. Some other hedge funds with similar optimism include Paul Reeder and Edward Shapiro’s PAR Capital Management, Chase Coleman and Feroz Dewan’s Tiger Global Management LLC and John Griffin’s Blue Ridge Capital.

Also, insider buying is best served when the company in question has experienced transactions within the past six months. Over the latest six-month time period, Priceline.com Inc (NASDAQ:PCLN) has experienced zero unique insiders buying, and 5 insider sales (see the details of insider trades here).

Let’s also review activity in other stocks similar to Priceline.com Inc (NASDAQ:PCLN). These stocks are MakeMyTrip Limited (NASDAQ:MMYT), Orbitz Worldwide, Inc. (NYSE:OWW), Cedar Fair, L.P. (NYSE:FUN), Six Flags Entertainment Corp (NYSE:SIX), and Carnival plc (ADR) (NYSE:CUK). This group of stocks belong to the general entertainment industry and their market caps are similar to PCLN’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!