What Next for Match Group Inc (NASDAQ:MTCH) Stock After Decrease in Shorted Shares? | #blackpeoplemeet


The stock of Match Group Inc (NASDAQ:MTCH) registered a decrease of 6.26% in short interest. MTCH’s total short interest was 19.27M shares in December as published by FINRA. Its down 6.26% from 20.56M shares, reported previously. With 1.71M shares average volume, it will take short sellers 11 days to cover their MTCH’s short positions. The short interest to Match Group Inc’s float is 38.02%.

The stock increased 4.08% or $2.82 during the last trading session, reaching $71.91. About 1.95 million shares traded. Match Group, Inc. (NASDAQ:MTCH) has risen 64.85% since December 15, 2018 and is uptrending. It has outperformed by 64.85% the S&P500.

Match Group, Inc. provides dating products. The company has market cap of $20.13 billion. The firm operates in two divisions, Dating and Non-dating. It has a 41.11 P/E ratio. It operates a portfolio of approximately 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24.

Match Group, Inc. (NASDAQ:MTCH) Ratings Coverage

Among 8 analysts covering Match Group (NASDAQ:MTCH), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Match Group has $10600 highest and $7000 lowest target. $86.38’s average target is 20.12% above currents $71.91 stock price. Match Group had 15 analyst reports since July 26, 2019 according to SRatingsIntel. The rating was upgraded by SunTrust on Thursday, September 5 to “Buy”. The firm has “Buy” rating given on Monday, October 7 by Nomura. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, August 8. The stock of Match Group, Inc. (NASDAQ:MTCH) earned “Neutral” rating by Nomura on Thursday, August 8. UBS downgraded Match Group, Inc. (NASDAQ:MTCH) rating on Thursday, August 8. UBS has “Neutral” rating and $9500 target. The rating was upgraded by Deutsche Bank to “Buy” on Monday, October 7. UBS upgraded Match Group, Inc. (NASDAQ:MTCH) on Thursday, November 7 to “Buy” rating. The firm has “Buy” rating by Nomura given on Thursday, November 7. The rating was maintained by JP Morgan on Friday, November 8 with “Neutral”. Barclays Capital maintained Match Group, Inc. (NASDAQ:MTCH) on Thursday, November 7 with “Equal-Weight” rating.

More notable recent Match Group, Inc. (NASDAQ:MTCH) news were published by: Nasdaq.com which released: “Match Group (MTCH) Q3 Earnings & Revenues Beat, Improve Y/Y – Nasdaq” on November 06, 2019, also Nasdaq.com with their article: “Is Match Group (MTCH) Stock Outpacing Its Computer and Technology Peers This Year? – Nasdaq” published on November 06, 2019, Nasdaq.com published: “Did Investors Swipe Left on Match Group’s Stock Too Soon? – Nasdaq” on November 06, 2019. More interesting news about Match Group, Inc. (NASDAQ:MTCH) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Match Group, Inc. – MTCH – PRNewswire” published on November 19, 2019 as well as Nasdaq.com‘s news article titled: “Match Group (MTCH) Stock Is About to Turn a Corner – Nasdaq” with publication date: April 12, 2019.

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