The stock of Godaddy Inc Class A (NYSE:GDDY) registered an increase of 34.79% in short interest. GDDY’s total short interest was 6.75 million shares in December as published by FINRA. Its up 34.79% from 5.01M shares, reported previously. With 2.27M shares average volume, it will take short sellers 3 days to cover their GDDY’s short positions.
The stock increased 0.63% or $0.4 during the last trading session, reaching $63.93. About 889,023 shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since December 31, 2017 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 $11.09 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 86.28 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. The stock of GoDaddy Inc. (NYSE:GDDY) earned “Overweight” rating by Morgan Stanley on Monday, August 6. The firm earned “Overweight” rating on Monday, July 23 by Barclays Capital. As per Thursday, October 11, the company rating was upgraded by Citigroup.
More important recent GoDaddy Inc. (NYSE:GDDY) news were published by: Investorplace.com which released: “Even If It Stays Competitive, Shopify Stock Has Valuation Problems – Investorplace.com” on December 19, 2018, also Bizjournals.com published article titled: “ASU business school alum donates $3M for faculty position – Phoenix Business Journal”, Globenewswire.com published: “Report: Developing Opportunities within Avangrid, GoDaddy, NGL Energy Partners LP, Lazard, Briggs & Stratton, and Celgene — Future Expectations, Projections Moving into 2019 – GlobeNewswire” on December 10, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) was released by: Seekingalpha.com and their article: “Citi upgrades GoDaddy after correction – Seeking Alpha” with publication date: October 11, 2018.
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