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 Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!