Autohome Inc
Change company Symbol lookup
Select an option...
ATHM Autohome Inc
CSCO Cisco Systems Inc
SEDG Solaredge Technologies Inc
SUMO Sumo Logic Inc
$NFGGPRI New Frontier Global Growth Price Ret
AMGN Amgen Inc
BOSC BOS Better Online Solutions Ltd
BORR Borr Drilling Ltd
BOOT Boot Barn Holdings Inc
EPD Enterprise Products Partners LP
Go

Communication Services : Interactive Media & Services |
Based in China
Company profile

Autohome Inc. is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People's Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners. These services are offered to automakers and dealers, and advertising agencies that represent automakers and dealers in the automobile industry. The Company's autohome.com.cn targets automobile consumers with a focus on new automobiles. The Company's professionally produced content is created by editorial team and includes automobile-related articles and reviews, pricing trends in various local markets, and photos and video clips. Its database also includes new and used automobile listings and promotional information. Its dealer subscription services allow dealers to market their inventory and services through its Websites.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$102.88
Day's Change
5.13 (5.25%)
Bid
--
Ask
--
B/A Size
--
Day's High
103.02
Day's Low
97.51
Volume
(Average)
Volume:
552,087

10-day average volume:
610,375
552,087

UPDATE: GameStop stock soars more than 60% in apparent short squeeze, but analyst points to another reason

2:43 pm ET January 13, 2021 (MarketWatch)
Print

By Wallace Witkowski

'A long-buying tsunami ... is the primary factor for the price move,' short-selling expert from S3 says

GameStop Corp. (GME) shares soared Wednesday in an apparent short squeeze, but one analyst who specializes in information on short selling doesn't think that's the case.

GameStop shares surged more than 60% Wednesday -- which would be its largest one-day percentage gain ever, according to Dow Jones data --more than a week after short interest on the videogame retailer's stock exceeded the number of shares outstanding. At last check, more than 125 million shares had traded hands in the day's session, compared with a 52-week daily average volume of 6.5 million shares.

While GameStop has 69.8 million shares outstanding, short interest on the stock rose to 71.2 million shares on Dec. 31 from a previous 68.1 million shares, according to FactSet data.

On Monday, GameStop shares finished up 10% (https://www.marketwatch.com/story/gamestops-stock-shoots-up-after-reaching-agreement-with-activist-investor-2021-01-11) after it reached an agreement with activist investor RC Ventures to add three of its members to the board, and advanced less than 0.1% on Tuesday. Also, on Monday, the company said holiday same-store sales rose 4.8% and that digital sales had jumped 309%.

While noting that shorts definitely were a part of the buying binge, Ihor Dusaniwsky -- the head of predictive analytics at financial technology and analytics firm S3 Partners, which specializes in analyzing data on short selling -- said he doesn't agree that GameStop's price surge was the result of a squeeze.

"GME's board shake-up and stronger holiday sales is causing a long-buying tsunami, which is the primary factor for the price move," Dusaniwsky said in emailed comments. "While I agree that we are seeing some shorts squeezed out of their positions due to massive mark-to-market losses today, this is much like the chicken-and-egg question -- did long buying lead to short covering\squeeze or short covering\squeeze lead to long buying?"

Dusaniwsky believes it's the former.

"We will not be seeing a massive drop in shares shorted over the next few days, more like a 10%-20% drop which would mean 7 to 14 million of shares covered which is nowhere near the almost 70 million shares traded this morning," the analyst said. "Long buyers are the primary force driving GME's stock price up. "

GameStop shares have skyrocketed more than 500% in the past 12 months, compared with a 16% gain in the S&P 500 index and a 42% rise in the Nasdaq Composite Index .

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 13, 2021 14:43 ET (19:43 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.