Webcom Group Incorporated (NASDAQ:WEB) Sellers Covered 10.12% of Their Shorts

The stock of Webcom Group Incorporated (NASDAQ:WEB) registered a decrease of 10.12% in short interest. WEB’s total short interest was 2.02 million shares in September as published by FINRA. Its down 10.12% from 2.25M shares, reported previously. With 256,200 shares average volume, it will take short sellers 8 days to cover their WEB’s short positions. The short interest to Webcom Group Incorporated’s float is 5.41%. The stock decreased 0.17% or $0.03 during the last trading session, hitting $17.6. Web.com Group Inc (NASDAQ:WEB) has risen 0.06% since February 25, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Web.com Group, Inc. provides a range of Internet services to small businesses. The company has a market cap of $883.91 million. The Firm operates through Web services and products segment. It has a 11.27 P/E ratio. The Firm offers subscription solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions.

Out of 3 analysts covering Web.com Group (NASDAQ:WEB), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $24 is the highest target while $23 is the lowest. The $23.50 average target is 33.52% above today’s ($17.6) stock price. Web.com Group has been the topic of 5 analyst reports since December 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on May 6 with “Sector Perform” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment