|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||74.41 - 75.78|
|52 Week Range||47.62 - 79.64|
|PE Ratio (TTM)||15.69|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
Shopify Inc (US) (NYSE:SHOP) shares have lost about 17% of their value since short-sellers Citron Research issued a scathing report that called it an affiliate marketing scam comparable to Herbalife Ltd. (NYSE:HLF). The Canadian e-commerce software company should have called Citron’s claim a compliment, since Herbalife’s value has doubled since hedge fund manager Bill Ackman put out his famous short call almost five years ago. To me, the Citron report looks scary enough to act on. Other InvestorPlace writers disagree.
If the names Andrew Left or Citron Research ring a bell, there’s a reason. Left, the lead (and seemingly only) analyst for Citron largely prompted the scrutiny of specialty pharmacy company Philidor, owned by Valeant Pharmaceuticals Intl Inc (NYSE:VRX).
Herbalife (HLF) declares the results of its self-tender offer, incurring total cash outlay of $457.8 million. The number is lower than its initial offer to repurchase $600 million worth common stock.
The preliminary count exhibits unwillingness amongst investors to sell Herbalife's (HLF) stock under the self-tender offer. This has aided to drive the company's shares.
Herbalife Ltd (HLF.N) shares jumped 11 percent on Friday to their highest since 2014 after the company said it was buying back about 7 percent of its stock, a potential blow to activist investor Bill Ackman, who has bet against the dietary supplements seller. The annualized cost short sellers paid to borrow the multi-level marketing company's stock jumped to 24 percent from about 2 percent earlier in the week, according to Astec Analytics. Pershing Square Capital Management's Ackman disclosed a $1-billion short position against Herbalife in 2012, saying the stock would crumble under regulatory scrutiny for what he has called a pyramid scheme.
Some of the services you can find in these locations include smoothie bars, social clubs and health food restaurants. Herbalife sells meal replacement shakes, including Herbalife supplements with tea and a shot of aloe on the side starting at $7.75 to $7.
Left claims that Shopify’s marketing tactics run afoul of Federal Trade Commission regulations, which likely will lead to an investigation. From a valuation standpoint, he argues that SHOP stock essentially is just too overvalued. Is Left Right on Shopify Stock? While the standard cries of “market manipulation” have accompanied Citron’s bear raid, the firm does make a good case relative to Shopify’s advertising.
Shares of Shopify (SHOP) are in a free fall today after the Canadian e-commerce company became the latest target for noted short seller Citron Research. Left put a $60 price target on Spotify, which is 49% below Tuesday’s closing price of $116.81 a share. Shopify provides web sites and handles payments and shipping for small online merchants.
Herbalife (HLF) shares are roughly flat despite the company's upwardly revised third-quarter earnings outlook announced after the market's close on Monday. Pershing Square Capital's Bill Ackman, the hedge fund billionaire who has has a short position on the stock since 2012, can't be pleased. The good news: Herbalife expects diluted earnings per share to come in at the $0.63-$0.73 range from a previous outlook of $0.48 to $0.68.
Herbalife (HLF) recently raised its earnings view for the upcoming third-quarter 2017 results. Nevertheless, shares of the company have remained dismal owing to declining sales volume.
Oct.04 -- Andrew Left, Citron Research founder, explains why he is shorting Shopify. He speaks with Bloomberg's Julie Hyman on "Bloomberg Markets."