Weibo (ADR) (WB) Reaches $59.25 52-Week High; Cirrus Logic (CRUS) Shorts Increased By 3.23%

Cirrus Logic Incorporated (NASDAQ:CRUS) had an increase of 3.23% in short interest. CRUS’s SI was 4.63M shares in May as released by FINRA. Its up 3.23% from 4.49M shares previously. With 1.15M avg volume, 4 days are for Cirrus Logic Incorporated (NASDAQ:CRUS)’s short sellers to cover CRUS’s short positions. The SI to Cirrus Logic Incorporated’s float is 7.25%. About 169,051 shares traded. Cirrus Logic, Inc. (NASDAQ:CRUS) has risen 23.68% since September 29, 2016 and is uptrending. It has outperformed by 12.15% the S&P500.

The stock of Weibo Corp (ADR) (NASDAQ:WB) hit a new 52-week high and has $62.21 target or 5.00% above today’s $59.25 share price. The 7 months bullish chart indicates low risk for the $13.18 billion company. The 1-year high was reported on May, 8 by Barchart.com. If the $62.21 price target is reached, the company will be worth $659.00M more. About 1.39M shares traded or 13.01% up from the average. Weibo Corp (ADR) (NASDAQ:WB) has risen 10.27% since September 29, 2016 and is uptrending. It has underperformed by 1.26% the S&P500.

Since November 15, 2016, it had 0 insider buys, and 18 sales for $7.24 million activity. CASE THURMAN K sold $300,000 worth of stock or 5,000 shares. SHERMAN WILLIAM D sold $9,992 worth of stock. $363,668 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) was sold by Sahota Rashpal on Monday, February 6. Another trade for 5,208 shares valued at $298,126 was made by Brannan Andrew on Tuesday, November 29. Shares for $1.65 million were sold by THOMAS SCOTT on Tuesday, January 24. Hughes Allan had sold 5,208 shares worth $300,941. Carlson Randolph K sold 7,265 shares worth $389,603.

Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.35, from 0.88 in 2016Q3. It is positive, as 29 investors sold Cirrus Logic, Inc. shares while 94 reduced holdings. 54 funds opened positions while 97 raised stakes. 54.57 million shares or 1.99% less from 55.67 million shares in 2016Q3 were reported. Rk Mngmt Limited Liability accumulated 98,230 shares. The New York-based Alliancebernstein Limited Partnership has invested 0.05% in Cirrus Logic, Inc. (NASDAQ:CRUS). First Manhattan has 0% invested in Cirrus Logic, Inc. (NASDAQ:CRUS). Voya Inv Ltd Com reported 54,766 shares or 0.01% of all its holdings. First Personal Financial Svcs has invested 0% in Cirrus Logic, Inc. (NASDAQ:CRUS). The Missouri-based Century has invested 0% in Cirrus Logic, Inc. (NASDAQ:CRUS). Legal & General Group Plc reported 32,153 shares. Lord Abbett And reported 561,761 shares. Dekabank Deutsche Girozentrale, Germany-based fund reported 1,580 shares. Moreover, Friess Associate Ltd Liability Co has 1.05% invested in Cirrus Logic, Inc. (NASDAQ:CRUS). Oak Assocs Oh stated it has 44,850 shares. Gam Ag has invested 0.01% in Cirrus Logic, Inc. (NASDAQ:CRUS). Advisors Asset has invested 0.01% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS). Cap Counsel Ltd New York holds 0.03% or 4,400 shares. Meeder Asset Management Inc has 0.06% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 11,917 shares.

Cirrus Logic, Inc. is engaged in providing integrated circuits for audio and voice signal processing applications. The company has market cap of $4.01 billion. The Firm develops analog and mixed-signal ICs for a range of customers. It has a 16.29 P/E ratio. The Firm offers two product lines: Portable Audio, and Non-Portable Audio and Other.

Among 10 analysts covering Cirrus Logic (NASDAQ:CRUS), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Cirrus Logic had 20 analyst reports since July 23, 2015 according to SRatingsIntel. On Thursday, January 28 the stock rating was upgraded by Oppenheimer to “Outperform”. On Friday, October 28 the stock rating was maintained by Canaccord Genuity with “Buy”. As per Thursday, October 13, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, February 2 by Craig Hallum. Topeka Capital Markets initiated the shares of CRUS in report on Friday, February 26 with “Buy” rating. Needham initiated the shares of CRUS in report on Monday, March 14 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 8. The firm has “Buy” rating given on Friday, October 28 by Stifel Nicolaus. The company was maintained on Tuesday, September 20 by Canaccord Genuity. As per Thursday, September 8, the company rating was maintained by Stifel Nicolaus.

Analysts await Weibo Corp (ADR) (NASDAQ:WB) to report earnings on May, 10. They expect $0.16 earnings per share, up 433.33% or $0.13 from last year’s $0.03 per share. WB’s profit will be $35.59M for 92.58 P/E if the $0.16 EPS becomes a reality. After $0.19 actual earnings per share reported by Weibo Corp (ADR) for the previous quarter, Wall Street now forecasts -15.79% negative EPS growth.

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The company has market cap of $13.18 billion. The Firm provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It has a 122.6 P/E ratio. It operates in two divisions: advertising and marketing services and other services.