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So, the short interest data pretty much provides us with insights into how market participants are reacting to a concerned company's evolving prospects.In the case of Micron Technology, short interest in the name stood at almost 62.5 million at the end of the most recent reporting cycle. While this doesn't represent much of an increase on a sequential basis, it marks an approximate 35% increase on a year on year basis. But don't let these big numbers overwhelm you these figures don't mean much when seen only in isolation.While the 62.5 million short interest number may seem huge at the first glance, it doesn't look as sizable when compared to the chipmaker's 1.15 billion plus shares outstanding.

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iphone x cases If we discount it back by 4 years using an 8% discount rate (a somewhat low rate to reflect our very conservative growth deceleration assumption) to make it comparable to 2019 and apply FB's multiple, we get $300 per share, or 20% upside from Amazon's current price. Now we are talking!But there are no good reasons to believe that Amazon advertising growth will be decelerating at 5% a year, which implies that it is less scalable than Facebook or Google. Since it is similar to and directly competitive with Google and Facebook's advertising business, it is clear that the opportunity to create shareholder value is much larger than the conservative valuation exercises above.For example and now we are dreaming BIG since 90% of Alphabet and Facebook's revenue comes from advertising, and since the combined market value of each company is $1.23 trillion, Amazon advertising's "market value TAM" is $1.1 trillion iphone x cases..
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