Elastic N.V. Ordinary Shares (NYSE:ESTC) Shorts Decreased by 2.33% After Short Covering

The stock of Elastic N.V. Ordinary Shares (NYSE:ESTC) registered a decrease of 2.33% in short interest. ESTC’s total short interest was 3.12 million shares in May as published by FINRA. Its down 2.33% from 3.20M shares, reported previously. With 257,100 shares average volume, it will take short sellers 12 days to cover their ESTC’s short positions. The short interest to Elastic N.V. Ordinary Shares’s float is 19.79%.

The stock decreased 1.50% or $1.27 during the last trading session, reaching $83.15. About 409,250 shares traded. Elastic N.V. (NYSE:ESTC) has 0.00% since May 17, 2018 and is . It has underperformed by 4.37% the S&P500.

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. The company has market cap of $6.11 billion. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization. It currently has negative earnings. The Company’s Elastic Stack comprises products, such as Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the Elastic Stack; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems.

Elastic N.V. (NYSE:ESTC) Ratings Coverage

Among 4 analysts covering Elastic (NYSE:ESTC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Elastic had 4 analyst reports since March 1, 2019 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, March 1 by Citigroup.

More notable recent Elastic N.V. (NYSE:ESTC) news were published by: Seekingalpha.com which released: “Elastic: The Future Of Search – Seeking Alpha” on March 04, 2019, also Streetinsider.com with their article: “Elastic NV (ESTC) Tops Q3 EPS by 15c, Offers Q4 Guidance – StreetInsider.com” published on February 27, 2019, Seekingalpha.com published: “Stocks To Watch: Strap In For Q4 – Seeking Alpha” on September 29, 2018. More interesting news about Elastic N.V. (NYSE:ESTC) were released by: Seekingalpha.com and their article: “Elastic: A Case Of Pattern Recognition – Seeking Alpha” published on October 17, 2018 as well as Seekingalpha.com‘s news article titled: “Elastic Aims For $193 Million U.S. IPO – Seeking Alpha” with publication date: September 24, 2018.

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