Line Corp (NYSE:LN) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 2,334,957 shares, an increase of 47.4% from the August 31st total of 1,584,624 shares. Based on an average daily volume of 903,151 shares, the days-to-cover ratio is presently 2.6 days.
A number of research firms recently issued reports on LN. Jefferies Group reiterated a “hold” rating on shares of Line Corp in a research note on Tuesday, August 23rd. JPMorgan Chase & Co. began coverage on Line Corp in a research note on Wednesday, August 24th. They set a “neutral” rating on the stock. Finally, Morgan Stanley began coverage on Line Corp in a research note on Monday, August 8th. They set an “overweight” rating on the stock.
Shares of Line Corp (NYSE:LN) opened at 48.39 on Thursday. The company’s 50 day moving average price is $44.96 and its 200-day moving average price is $42.86. The company has a market capitalization of $10.18 billion and a price-to-earnings ratio of 3226.00. Line Corp has a 1-year low of $36.01 and a 1-year high of $51.48.
Line Corp Company Profile
LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.
Receive News & Ratings for Line Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Line Corp and related companies with MarketBeat.com's FREE daily email newsletter.