It Seems Godaddy Inc Class A (NYSE:GDDY) Will Go Down. Just Reported More 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 0.46% or $0.29 during the last trading session, reaching $63.34. About 835,748 shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 0.04% since August 31, 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 $11.25 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 201.72 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.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Fool.com which released: “GoDaddy Inc (GDDY) Q1 2019 Earnings Call Transcript – Motley Fool” on May 03, 2019, also Nasdaq.com with their article: “GoDaddy Stock: 8 Things to Know About GDDY Earnings – Nasdaq” published on November 06, 2018, Fool.com published: “Why Yeti Holdings, GoDaddy, and Pluralsight Jumped Today – Motley Fool” on April 11, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Bizjournals.com and their article: “Swiftpage names Valley tech exec as first chief product officer – Phoenix Business Journal” published on August 11, 2019 as well as Finance.Yahoo.com‘s news article titled: “GoDaddy Inc (GDDY) Q2 2019 Earnings Call Transcript – Yahoo Finance” with publication date: August 02, 2019.