Hussman Strategic Advisors Has Lowered Goldcorp New (GG) Position; Shorts at 500com Limited (WBAI) Raised By 6.86%

July 18, 2017 - By Peter Erickson

500com Limited (NYSE:WBAI) had an increase of 6.86% in short interest. WBAI’s SI was 4.69 million shares in July as released by FINRA. Its up 6.86% from 4.39 million shares previously. With 368,300 avg volume, 13 days are for 500com Limited (NYSE:WBAI)’s short sellers to cover WBAI’s short positions. The stock increased 1.11% or $0.12 on July 17, reaching $10.94. About shares traded. 500.com Ltd (NYSE:WBAI) has declined 43.18% since July 18, 2016 and is downtrending. It has underperformed by 59.88% the S&P500.

Hussman Strategic Advisors Inc decreased Goldcorp Inc New (GG) stake by 20% reported in 2016Q4 SEC filing. Hussman Strategic Advisors Inc sold 50,000 shares as Goldcorp Inc New (GG)’s stock declined 20.41%. The Hussman Strategic Advisors Inc holds 200,000 shares with $2.72 million value, down from 250,000 last quarter. Goldcorp Inc New now has $11.54B valuation. The stock increased 1.35% or $0.18 on July 17, reaching $13.18. About shares traded. Goldcorp Inc. (USA) (NYSE:GG) has declined 19.95% since July 18, 2016 and is downtrending. It has underperformed by 36.65% the S&P500.

Hussman Strategic Advisors Inc increased Currencyshs Brit Pound Ster (FXB) stake by 25,000 shares to 50,000 valued at $6.01 million in 2016Q4. It also upped Ormat Technologies Inc (NYSE:ORA) stake by 25,000 shares and now owns 175,000 shares. Marvell Technology Group Ltd (NASDAQ:MRVL) was raised too.

Analysts await Goldcorp Inc. (USA) (NYSE:GG) to report earnings on July, 26 after the close. They expect $0.09 earnings per share, up 1,000.00% or $0.10 from last year’s $-0.01 per share. GG’s profit will be $78.80M for 36.61 P/E if the $0.09 EPS becomes a reality. After $0.20 actual earnings per share reported by Goldcorp Inc. (USA) for the previous quarter, Wall Street now forecasts -55.00% negative EPS growth.

Among 18 analysts covering Goldcorp Inc. (NYSE:GG), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Goldcorp Inc. had 38 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, September 14 report. The stock has “Buy” rating by Macquarie Research on Wednesday, July 12. Deutsche Bank downgraded Goldcorp Inc. (USA) (NYSE:GG) rating on Friday, February 26. Deutsche Bank has “Sell” rating and $13.50 target. The stock of Goldcorp Inc. (USA) (NYSE:GG) has “Market Perform” rating given on Thursday, June 15 by Raymond James. The firm has “Underperform” rating by RBC Capital Markets given on Monday, April 11. As per Wednesday, June 14, the company rating was maintained by TD Securities. UBS downgraded the shares of GG in report on Monday, March 28 to “Neutral” rating. The firm has “Hold” rating given on Monday, June 12 by RBC Capital Markets. The firm earned “Hold” rating on Monday, October 3 by Deutsche Bank. National Bank Canada initiated Goldcorp Inc. (USA) (NYSE:GG) on Thursday, September 8 with “Outperform” rating.

500.com Limited is an online sports lottery service well-known provider in China. The company has market cap of $452.08 million. The Firm acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. It currently has negative earnings. The Firm offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users.

Among 2 analysts covering 500.Com (NYSE:WBAI), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. 500.Com had 2 analyst reports since November 13, 2015 according to SRatingsIntel. The stock has “Strong Sell” rating by ValuEngine on Friday, May 12.

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