SINA (SINA) Is At $117.84 Formed Wedge; NAGACORP LTD ORDINARY SHARES CAYMAN ISL (NGCRF) Shorts Increased By 24.77%

SINA Corporation (SINA) formed wedge up with $121.37 target or 3.00% above today’s $117.84 share price. SINA Corporation (SINA) has $8.43 billion valuation. The stock decreased 0.75% or $0.891 during the last trading session, reaching $117.839. About 311,319 shares traded. SINA Corporation (NASDAQ:SINA) has risen 139.34% since February 27, 2017 and is uptrending. It has outperformed by 122.64% the S&P500.

NAGACORP LTD ORDINARY SHARES CAYMAN ISL (OTCMKTS:NGCRF) had an increase of 24.77% in short interest. NGCRF’s SI was 1.51 million shares in February as released by FINRA. Its up 24.77% from 1.21M shares previously. With 13,600 avg volume, 111 days are for NAGACORP LTD ORDINARY SHARES CAYMAN ISL (OTCMKTS:NGCRF)’s short sellers to cover NGCRF’s short positions. The SI to NAGACORP LTD ORDINARY SHARES CAYMAN ISL’s float is 0.18%. The stock decreased 7.27% or $0.0706 during the last trading session, reaching $0.9005. About 1,303 shares traded. NagaCorp Ltd. (OTCMKTS:NGCRF) has 0.00% since February 27, 2017 and is . It has underperformed by 16.70% the S&P500.

NagaCorp Ltd., an investment holding company, engages in the hotel, gaming, and leisure businesses in the Kingdom of Cambodia. The company has market cap of $3.81 billion. It operates through two divisions, Casino Operations, and Hotel and Entertainment Operations. It has a 15.26 P/E ratio. The firm owns, manages, and operates NagaWorld, a hotel-casino entertainment complex that consists of 700 suites and deluxe rooms, public and premium gaming halls, an all-suite luxury spa, shopping gallery, 19 food and beverage outlets, entertainment services, and premium meeting spaces, as well as hotel convention spaces that can accommodate approximately 1,000 delegates.

Analysts await SINA Corporation (NASDAQ:SINA) to report earnings on May, 15. They expect $0.15 EPS, down 31.82% or $0.07 from last year’s $0.22 per share. SINA’s profit will be $10.73 million for 196.40 P/E if the $0.15 EPS becomes a reality. After $0.60 actual EPS reported by SINA Corporation for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.

Among 10 analysts covering Sina Corporation (NASDAQ:SINA), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Sina Corporation had 20 analyst reports since August 19, 2015 according to SRatingsIntel. JP Morgan reinitiated SINA Corporation (NASDAQ:SINA) on Wednesday, August 31 with “Overweight” rating. CLSA upgraded SINA Corporation (NASDAQ:SINA) on Wednesday, February 14 to “Buy” rating. Jefferies maintained it with “Buy” rating and $168.0 target in Thursday, February 15 report. The stock of SINA Corporation (NASDAQ:SINA) earned “Buy” rating by Citigroup on Friday, August 5. The stock of SINA Corporation (NASDAQ:SINA) has “Buy” rating given on Friday, July 22 by Jefferies. The rating was maintained by JP Morgan on Thursday, February 15 with “Overweight”. Jefferies maintained the shares of SINA in report on Thursday, August 10 with “Buy” rating. The firm has “Neutral” rating given on Thursday, October 29 by Citigroup. The firm earned “Buy” rating on Monday, August 17 by TH Capital. Brean Capital maintained SINA Corporation (NASDAQ:SINA) on Wednesday, September 14 with “Buy” rating.