As microblogging network Twitter’s stock price climbed last month, the amount of short interest in the stock also rose — as some investors bet that the stock would reverse course. Most every stock attracts some short sellers, but Twitter’s short interest did jump. After Twitter’s (TWTR) Nov. 7 IPO, the stock wasn’t a “hot” one for short sellers, says Tim Smith, executive vice president of the Astec Analytics unit of financial services software
An analyst who says Twitter (TWTR) stock has flown too high too quickly downgraded the stock on Friday, sending shares falling 7.5% and apparently ending a three-day run of records highs for the microblog’s stock. Twitter stock was near 67.80 in midday trading on the stock market today. The stock hit a new all-time high of 74.73 intraday Thursday, before closing at 73.31. Twitter stock had hit new all-time highs in eight of the previous 12 trading
Twitter (TWTR) stock has been hitting record highs in recent days on optimism about the company’s ability to drive advertising revenue through promoted tweets. But some Twitter users have noticed an increase in ads in their timelines lately and have been complaining about the volume and nature of those ads. Dozens of Twitter users have aired their complaints about promoted tweets over the last couple of days, calling them intrusive and often poorly targeted. A few examples: “Promoted tweets are seriously annoying,” Jason Stanciu tweeted Wednesday. “So sick of seeing promoted tweets. #twitter #stop,” Joe Oliver tweeted Thursday . “Did Twitter pump up promoted tweets for Christmas or something? I’ve seen probably more than two dozen today alone and it is really annoying,” Twitter user @gilaymord wrote Wednesday. “These stupid promoted tweets are getting on my nerves. I don’t give a damn about Kleenex,” Twitter user @jelluhbabe wrote Wednesday.