Pandora (P) Trades Higher Into Q4; Street Sees Slightly Wider Loss on Better Revs
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Pandora Media (NYSE: P) shares are seeing some decent volume and are up over 1 percent heading into the company's fourth-quarter 2013 report, expected out after markets close Thursday.
The Street is currently modeling a loss of 5 cents per share on revs of $122.4 million, versus a loss of 3 cents per share on revs of $81.3 million reported in the same period last year.
Short interest on Pandora recently increased 4.5 percent through the middle of February to 36.14 million shares, or 23.18 percent of float. No word at where the shorts are at, but $12.50 to $13 might be a solid range given recent price action.
Money flow on the stock is favoring an uptick move, with the uptick-to-downtick ratio at 1.16 times.
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The Street is currently modeling a loss of 5 cents per share on revs of $122.4 million, versus a loss of 3 cents per share on revs of $81.3 million reported in the same period last year.
Short interest on Pandora recently increased 4.5 percent through the middle of February to 36.14 million shares, or 23.18 percent of float. No word at where the shorts are at, but $12.50 to $13 might be a solid range given recent price action.
Money flow on the stock is favoring an uptick move, with the uptick-to-downtick ratio at 1.16 times.
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