GoDaddy (GDDY) : Traders are getting increasingly bearish on GoDaddy (GDDY), as can be seen in the addition of short positions from 7,724,545 on Jul 29, 2016, to 8,179,498 on August 15, 2016. The net change in shorts is 454,953 shares, an increase of 5.9%. 5 days remain before the expiry. The 22% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,749,832. The short interest information was released on Wednesday Aug 24th after the market close.
GoDaddy (NYSE:GDDY): The stock opened at $32.92 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.97 for the day. The stock traded down to $32.67 during the day, due to lack of any buying support eventually closed down at $32.78 with a loss of -0.36% for the day. The stock had closed at $32.90 on the previous day. The total traded volume was 735,405 shares.
In a related news, The Securities and Exchange Commission has divulged that Carroll James M., officer (EVP – International) of Godaddy Inc., had unloaded 60,000 shares at an average price of $32.04 in a transaction dated on August 18, 2016. The total value of the transaction was worth $1,922,400.
GoDaddy Inc. operates a Web domain marketplace, godaddy.com. 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.