Pinterest (PINS) Dropping Hard During The Thursday’s Session

The PINS stock price fluctuated between $70.35 and $76.5 throughout the trading session with the volume trading being 18M shares, which represented a positive variation when compared to the three months average volume of 10M shares.

The share price of Pinterest, Inc. (NYSE:PINS) dipped -6.01% to close Thursday’s market session at $72.04, lower as compared to yesterday’s close which brings the market valuation of the company to $45.88B.

The 52-week high for the Pinterest, Inc.’s shares is $89.90. That puts it -19.87% from that peak but still a very good gain since the share price dropped to a 52-week low of $24.59, while the S&P 500’s share price change was of 35%.

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What does the trading volume tell us about the PINS stock?

During the last trading session, Pinterest, Inc. (NYSE:PINS) has seen decay in its daily volume. The daily volume was of 10M, while in the last 10 days the average was 8.17M and last three months – 10.36M.
The decreasing interest in the PINS stock from the investors is helping to drive the stock price down.

Shrinking short interest

The Pinterest, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 21.31M shares being shorted which translates into 1.4 of a short ratio for PINS, while in the previous month the shorted shares were 21.92M.

Pinterest, Inc. (NYSE:PINS) financials

With a market cap of 45.88B, Pinterest, Inc. holds a total cash of $2.03B that translates into $3.19 per share, while the total debt is of $129.56M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 78.40%. The current revenue is of $1.91B that is $3.13 per share.
This is a great sign for a bright future.