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Coupang, Inc. saw a large decrease in short interest in December, totaling 15,410,000 shares, a decrease of 13.2% from November 30th. The days-to-cover ratio is 1.8 days based on an average trading volume of 8,710,200 shares. Coupang’s stock traded down to $16.19 with a market cap of $28.94 billion. The firm’s 50-day simple moving average is $16.21.

Coupang’s last quarterly earnings results showed $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $6.18 billion during the quarter, up 21.2% compared to the same period last year. On average, analysts forecast that Coupang will post 0.28 EPS for the current year.

Major shareholder Svf Investments (Uk) Ltd recently sold 30,000,000 shares of Coupang stock at an average price of $15.39, valued at $461,700,000. The insider now owns 396,156,413 shares in the company, valued at $6,096,847,196.07. 14.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have increased or decreased their stakes in CPNG. BlackRock Inc. now owns 33,752,146 shares of Coupang stock worth $587,287,000 after purchasing an additional 22,708,662 shares. Institutional investors own 72.02% of the company’s stock.

Coupang’s stock has an average rating of “Hold” and an average price target of $21.42. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock.

Coupang, Inc. operates in e-commerce business through its mobile applications and Internet websites in South Korea. It sells various products and services in various categories, as well as travel, and restaurant order and delivery services.



Read more: Coupang, Inc. (NYSE:CPNG) Sees Significant Decrease in Short Interest