GoDaddy June 15th Short Interest Update

GoDaddy (NYSE:GDDY) encountered a rise of 5.7% or 253,934 shares in the short positions. The number escalated from 4,450,858 on May 31,2016 to 4,704,792 on June 15,2016. The final interest is 9.9% of the floated stock. The days to cover figure of 7 can be arrived using the average daily exchange of 683,172 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

GoDaddy (NYSE:GDDY): The stock opened at $31.37 on Friday but the bulls could not build on the opening and the stock topped out at $32.05 for the day. The stock traded down to $30.77 during the day, due to lack of any buying support eventually closed down at $31.16 with a loss of -4.06% for the day. The stock had closed at $32.48 on the previous day. The total traded volume was 2,541,309 shares.

The company shares have rallied 10.57% from its 1 Year high price. On Dec 8, 2015, the shares registered one year high at $35.35 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $31.74 and the 200 Day Moving Average price is recorded at $31.04.

GoDaddy (NYSE:GDDY) has tumbled 2.26% during the past week and has dropped 4.24% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.64%. GoDaddy (NYSE:GDDY) has underperformed the index by 1.34% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

GoDaddy Inc. operates a Web domain marketplace, The Company is a technology provider to small businesses, Web design professionals and individuals, delivering cloud-based products and outcome-driven, personalized Customer Care. The Company operates domain marketplace, where its customers can find that piece of digital real estate that matches their idea. The Company provides Website building, hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers, manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence, connect with their customers and manage their business operations. The Companys products include domain, hosting and presence, and business applications.

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