Netflix Inc (NASDAQ:NFLX)
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Netflix delivers its comprehensive library of movies and TV shows online and through the mail in their ubiquitous red envelopes.
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Netflix delivers its comprehensive library of movies and TV shows online and through the mail in their ubiquitous red envelopes.
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Netflix, Inc. (NASDAQ: NFLX) has a short interest of 29% and is down 10% over the last three months – Netflix has been under pressure since mid-2011. The company has struggled with living up to expectations and reassuring investors it has a sustainable business model. In 2Q the company announced further lackluster streaming subscriber additions, and tempered its outlook. John Griffin of Blue Ridge Capital believes the selloff has been overdone has been slowly upping his ownership, by 6% in 2Q, and now owns 2.5 million shares.