What’s in Godaddy Inc Class A (NYSE:GDDY) After Rise in Shorted Shares?

The stock of Godaddy Inc Class A (NYSE:GDDY) registered an increase of 17.25% in short interest. GDDY’s total short interest was 6.21 million shares in August as published by FINRA. Its up 17.25% from 5.29M shares, reported previously. With 1.45 million shares average volume, it will take short sellers 4 days to cover their GDDY’s short positions.

The stock decreased 7.46% or $5.25 during the last trading session, reaching $65.17. About 4.03 million shares traded or 158.95% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 0.04% since August 6, 2018 and is uptrending. It has outperformed by 0.04% the S&P500.

GoDaddy Inc. designs and develops cloud technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company has market cap of $11.55 billion. It provides domain name registration product that enables to engage clients at the initial stage of establishing a digital identity; hosting and presence products, such as shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, and security. It has a 207.55 P/E ratio. The firm also offers Website builder, an online tool that enables clients to build Websites; online store product that allows clients to create their own standalone Website with an integrated online store optimized for mobile shopping; and search engine visibility product that helps clients get their Websites found on search sites through search engine optimization.

GoDaddy Inc. (NYSE:GDDY) Ratings Coverage

Among 10 analysts covering GoDaddy (NYSE:GDDY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. GoDaddy had 13 analyst reports since February 20, 2019 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 21 by Citigroup. RBC Capital Markets maintained GoDaddy Inc. (NYSE:GDDY) on Thursday, February 21 with “Buy” rating. On Thursday, February 21 the stock rating was maintained by Oppenheimer with “Buy”. Barclays Capital maintained the shares of GDDY in report on Thursday, February 21 with “Overweight” rating. The stock of GoDaddy Inc. (NYSE:GDDY) earned “Outperform” rating by Raymond James on Friday, August 2. Piper Jaffray maintained the shares of GDDY in report on Thursday, February 21 with “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Thursday, February 21. J.P. Morgan maintained GoDaddy Inc. (NYSE:GDDY) rating on Thursday, February 21. J.P. Morgan has “Hold” rating and $83 target. JMP Securities maintained GoDaddy Inc. (NYSE:GDDY) on Thursday, February 21 with “Buy” rating. The company was maintained on Wednesday, February 20 by SunTrust.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Benzinga.com which released: “Earnings Scheduled For August 1, 2019 – Benzinga” on August 01, 2019, also Gurufocus.com with their article: “Jul 05, 2019 – Godaddy Inc (GDDY) CEO Scott Wagner Sold $533,181 of Shares – GuruFocus.com” published on July 05, 2019, Seekingalpha.com published: “GoDaddy Inc. 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 02, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Finance.Yahoo.com and their article: “Hedge Funds Have Never Been More Bullish On Godaddy Inc (GDDY) – Yahoo Finance” published on June 18, 2019 as well as Seekingalpha.com‘s news article titled: “GoDaddy Inc. (GDDY) CEO Scott Wagner on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: November 06, 2018.