What’s Godaddy Inc Class A (NYSE:GDDY) Upside After This Short Interest Increase?

GoDaddy Inc. (NYSE:GDDY) Logo

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 5.29 million shares, reported previously. With 1.45M shares average volume, it will take short sellers 4 days to cover their GDDY’s short positions.

The stock increased 0.48% or $0.3 during the last trading session, reaching $62.78. About 1.39M shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 0.04% since August 16, 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 $11.21 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 199.94 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 has $97 highest and $82 lowest target. $87.40’s average target is 39.22% above currents $62.78 stock price. GoDaddy had 13 analyst reports since February 20, 2019 according to SRatingsIntel. Piper Jaffray maintained the shares of GDDY in report on Thursday, February 21 with “Buy” rating. The firm has “Overweight” rating given on Thursday, February 21 by Barclays Capital. The stock of GoDaddy Inc. (NYSE:GDDY) earned “Overweight” rating by Morgan Stanley on Thursday, February 21. The firm has “Outperform” rating given on Friday, August 2 by Raymond James. The stock of GoDaddy Inc. (NYSE:GDDY) earned “Buy” rating by RBC Capital Markets on Thursday, February 21. As per Thursday, February 21, the company rating was maintained by JMP Securities. J.P. Morgan maintained it with “Hold” rating and $83 target in Thursday, February 21 report. The stock of GoDaddy Inc. (NYSE:GDDY) earned “Buy” rating by Oppenheimer on Thursday, February 21. The rating was maintained by Citigroup on Thursday, February 21 with “Buy”. The firm has “Buy” rating given on Wednesday, February 20 by SunTrust.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Benzinga.com which released: “Q4 Earnings Preview For GoDaddy – Benzinga” on February 20, 2019, also Fool.com with their article: “GoDaddy Earnings: 16% Sales Growth and Tricky Tax Effects – Motley Fool” published on February 21, 2019, Finance.Yahoo.com published: “See what the IHS Markit Score report has to say about GoDaddy Inc. – Yahoo Finance” on June 18, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Prnewswire.com and their article: “GoDaddy Announces Proposed $600 Million Offering of Senior Notes – PRNewswire” published on May 28, 2019 as well as Seekingalpha.com‘s news article titled: “Will GoDaddy Follow The PaaS Route? – GoDaddy Inc. (NYSE:GDDY) – Seeking Alpha” with publication date: March 22, 2019.

GoDaddy Inc. (NYSE:GDDY) Ratings Chart

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