Could Godaddy Inc Class A (NYSE:GDDY) Go Up After Its Newest Short Interest Report?

The stock of Godaddy Inc Class A (NYSE:GDDY) registered an increase of 34.79% in short interest. GDDY’s total short interest was 6.75M shares in January as published by FINRA. Its up 34.79% from 5.01 million shares, reported previously. With 2.27 million shares average volume, it will take short sellers 3 days to cover their GDDY’s short positions.

The stock decreased 0.21% or $0.13 during the last trading session, reaching $62.74. About 278,556 shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since January 16, 2018 and is uptrending. It has outperformed by 34.41% 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 $10.89 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 84.67 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 4 analysts covering GoDaddy (NYSE:GDDY), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. GoDaddy had 5 analyst reports since July 23, 2018 according to SRatingsIntel. Barclays Capital maintained it with “Overweight” rating and $84 target in Monday, July 23 report. The stock of GoDaddy Inc. (NYSE:GDDY) earned “Overweight” rating by Morgan Stanley on Monday, August 6. Citigroup upgraded GoDaddy Inc. (NYSE:GDDY) on Thursday, October 11 to “Buy” rating.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Seekingalpha.com which released: “GoDaddy +3.5% on Q1 rev beat, upside Q2 and FY guidance – Seeking Alpha” on May 09, 2018, also Zacks.com with their article: “Should You Get Rid of GoDaddy (GDDY) Now? – Zacks.com” published on November 30, 2018, Investorplace.com published: “Even If It Stays Competitive, Shopify Stock Has Valuation Problems – Investorplace.com” on December 19, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Prnewswire.com and their article: “GoDaddy Furthers Commitment to Open Internet with Sponsorship of AdoptOpenJDK – PRNewswire” published on January 15, 2019 as well as Bizjournals.com‘s news article titled: “Bob Parsons to step down from GoDaddy board – Phoenix Business Journal” with publication date: October 03, 2018.