Coupang, Inc. (NYSE:CPNG) Short Interest Update

Coupang, Inc. (NYSE:CPNG) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 17,040,000 shares, a growth of 29.2% from the February 13th total of 13,190,000 shares. Based on an average trading volume of 7,760,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.4% of the company’s shares are short sold.

Coupang Stock Down 2.8 %

CPNG stock opened at $22.87 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $23.31 and a two-hundred day moving average price of $23.92. The company has a market cap of $41.28 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 52.20 and a beta of 1.10. Coupang has a twelve month low of $17.34 and a twelve month high of $26.91.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of recent research reports. Mizuho raised their target price on shares of Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a report on Wednesday, February 26th. Barclays set a $35.00 price objective on shares of Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Coupang currently has an average rating of “Moderate Buy” and an average target price of $29.17.

Insider Activity at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the sale, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Coupang

Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in Coupang by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 85,489 shares of the company’s stock worth $1,879,000 after purchasing an additional 445 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Coupang by 12.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,531 shares of the company’s stock valued at $209,000 after purchasing an additional 1,080 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Coupang during the 4th quarter worth $1,882,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Coupang during the 4th quarter worth approximately $19,237,000. Finally, United Advisor Group LLC increased its holdings in Coupang by 21.8% in the 4th quarter. United Advisor Group LLC now owns 16,200 shares of the company’s stock worth $356,000 after purchasing an additional 2,896 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.