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 February 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 1.55% or $1.08 during the last trading session, reaching $70.8. About 1.65 million shares traded or 15.25% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since February 13, 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 $12.29 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 95.55 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 3 analysts covering GoDaddy (NYSE:GDDY), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. GoDaddy had 3 analyst reports since September 14, 2018 according to SRatingsIntel. As per Thursday, October 11, the company rating was upgraded by Citigroup.
More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Seekingalpha.com which released: “GoDaddy Is Unprepared For The Future Of Domain Names – Seeking Alpha” on June 25, 2018, also Investorplace.com with their article: “High Multiples and Lack of Moat Make Godaddy Inc a Stock to Avoid – Investorplace.com” published on April 14, 2018, Seekingalpha.com published: “Overstated Profits Can’t Even Justify This Stock’s Valuation – Seeking Alpha” on April 24, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Seekingalpha.com and their article: “GoDaddy offering 10.4M shares from selling stockholders – Seeking Alpha” published on August 14, 2018 as well as Benzinga.com‘s news article titled: “Citi Says Buy The Dip In GoDaddy (NYSE:GDDY) – Benzinga” with publication date: October 11, 2018.
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