Workday Incorporated (NYSE:WDAY) Shorted Shares Increased 3.02% After Market Selling

The stock of Workday Incorporated (NYSE:WDAY) registered an increase of 3.02% in short interest. WDAY’s total short interest was 14.94M shares in September as published by FINRA. Its up 3.02% from 14.51M shares, reported previously. With 2.45 million shares average volume, it will take short sellers 6 days to cover their WDAY’s short positions. The short interest to Workday Incorporated’s float is 13.12%. The stock increased 1.21% or $1.09 during the last trading session, hitting $90.88. Workday Inc (NYSE:WDAY) has risen 53.05% since February 25, 2016 and is uptrending. It has outperformed by 41.79% the S&P500.

Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The company has a market cap of $18.39 billion. The Firm delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It currently has negative earnings. It operates in the cloud applications segment.

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.02, from 1.17 in 2016Q1. The ratio turned negative, as 35 funds sold all Workday Inc shares owned while 80 reduced positions. 42 funds bought stakes while 90 increased positions. They now own 123.31 million shares or 1.62% less from 125.34 million shares in 2016Q1.

Tybourne Capital Management Hk Ltd holds 10.65% of its portfolio in Workday Inc for 2.75 million shares. Allen Operations Llc owns 111,992 shares or 10.44% of their US portfolio. Moreover, Scge Management L.P. has 9.24% invested in the company for 400,000 shares. The California-based Glynn Capital Management Llc has invested 7.45% in the stock. Criterion Capital Management Llc, a California-based fund reported 1.81 million shares.

Out of 32 analysts covering Workday Inc (NYSE:WDAY), 12 rate it a “Buy”, 2 “Sell”, while 18 “Hold”. This means 38% are positive. $110 is the highest target while $49 is the lowest. The $86.96 average target is -4.31% below today’s ($90.88) stock price. Workday Inc has been the topic of 67 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Nomura maintained the stock on September 28 with “Neutral” rating.

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