Thursday August 12th: Airbnb released its quarterly earnings, which revealed a revenue increase of 300%. This exceeded Wall Street analysts’ predictions for quarterly revenue and bookings. However, the company warned investors to expect volatility in the next quarter as a result of uncertainty caused by the delta variant. As a result, shares dropped 4% after the report’s release.
Airbnb is an internet content & information business based in the US. Airbnb stocks (ABNB.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $142.53 – an increase of 1.76% over the previous week. Airbnb employs 5,400 staff and has a trailing 12-month revenue of around $4.4 billion.
How to buy Airbnb stock in Canada
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Is it a good time to buy Airbnb stock?
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There are currently 14.1 million Airbnb stocks held short by investors – that's known as Airbnb's "short interest". This figure is 12.4% up from 12.5 million last month.
There are a few different ways that this level of interest in shorting Airbnb stocks can be evaluated.
Airbnb's "short interest ratio" (SIR)
Airbnb's "short interest ratio" (SIR) is the quantity of Airbnb stocks currently shorted divided by the average quantity of Airbnb stocks traded daily (recently around 6.9 million). Airbnb's SIR currently stands at 2.03. In other words for every 100,000 Airbnb stocks traded daily on the market, roughly 2030 stocks are currently held short.
To gain some more context, you can compare Airbnb's short interest ratio against those of similar companies.
However Airbnb's short interest can also be evaluated against the total number of Airbnb stocks, or, against the total number of tradable Airbnb stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Airbnb's short interest could be expressed as 0.02% of the outstanding stocks (for every 100,000 Airbnb stocks in existence, roughly 20 stocks are currently held short) or 0.0437% of the tradable stocks (for every 100,000 tradable Airbnb stocks, roughly 44 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Airbnb.
Airbnb, Inc., together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California.
Currently 0.268% of Airbnb stocks are held by insiders and 48.371% by institutions.
Latest data suggests 5,400 work at Airbnb.
Airbnb's fiscal year ends in December.
Airbnb's address is: 888 Brannan Street, San Francisco, CA, United States, 94103
Airbnb's international securities identification number is: US0090661010
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Shannon Terrell is a senior writer for Finder who has written over 400 personal finance guides. With a focus on investments and personal finance, she breaks down jargon-laden topics to help others make informed financial decisions. She studied communications and English literature at the University of Toronto.
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