Zynga Inc. (NASDAQ:ZNGA) near 52-week low on thin volume, short interest down

Zynga Inc. (NASDAQ:ZNGA) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $2.41, up by 0.84%, with a volume of 13,436,550 shares against an average volume for the last 3 months of 15,294,100.

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Zynga Inc. (NASDAQ:ZNGA) is currently trading 59.08% below its 52-week-high, 9.55% above its 52-week-low. The 12-months range for the stock is $2.2 – $5.89. Zynga Inc. (ZNGA) has a price to book ratio of 1.14 versus Nasdaq average of 2.45. ZNGA stock price has underperformed the Nasdaq by 14.4%. The Home Entertainment Software company is currently valued at $2.2 billion and its share price closed the last trading session at $2.41. The stock has a 50-day moving average of $2.52 and a 200-day moving average of $2.64.

Zynga Inc. (ZNGA) current short interest stands at 68.87 millions shares. It has decreased by 2% from the same period of last month. Around 10% of the company’s shares, which are float, are short sold. With a 10-days average volume of 16.88 millions shares, the number of days required to cover the short positions stand at 4.1 days.

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There are currently twenty analysts that cover ZNGA stock. Of those twenty, four have a Buy rating, thirteen have a Hold rating and three have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $3.11.

A recent analyst activity consisted of Canaccord Genuity reiterating their Hold stance on February 16. Canaccord Genuity decreased price target from $4 to $2.5. This corresponds to a 3.73% upside from the last closing price.

Company profile

Zynga Inc. develops, markets, and operates online social games as live services on the Internet, social networking sites, and mobile platforms. The company offers its online social games under the CityVille, Zynga Poker, FarmVille, CastleVille, FrontierVille, Mafia Wars, Word with Friends, Hidden Chronicles, Zynga Bingo, Scramble With Friends, Slingo, and Dream Heights names. Its games are available on various platforms, including Facebook and other social networks, as well as mobile platforms, such as Apple iOS and Google Android worldwide. The company was formerly known as Zynga Game Network Inc. and changed its name to Zynga Inc. in November 2010. Zynga Inc. was founded in 2007 and is headquartered in San Francisco, California.

Zynga Inc. (NASDAQ:ZNGA) near 52-week low on thin volume, short interest down was last modified: March 6th, 2015 by Kelly Rhodes

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