After Reaching Milestone, Is Switch Inc Class A (NYSE:SWCH)’s Short Interest Revealing Something?

April 16, 2018 - By Hazel Jackson

The stock of Switch Inc Class A (NYSE:SWCH) registered a decrease of 4.75% in short interest. SWCH’s total short interest was 7.75 million shares in April as published by FINRA. Its down 4.75% from 8.14 million shares, reported previously. With 653,200 shares average volume, it will take short sellers 12 days to cover their SWCH’s short positions.

The stock increased 0.28% or $0.04 during the last trading session, reaching $14.28. About 441,872 shares traded. Switch, Inc. (NYSE:SWCH) has 0.00% since April 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services to technology and digital media companies, cloud and managed service providers, financial institutions, government agencies, and telecommunications providers that conduct critical business on the Internet. The company has market cap of $3.54 billion. It develops and operates data centers in Nevada and Michigan. It currently has negative earnings.

Switch, Inc. (NYSE:SWCH) Ratings Coverage

Among 10 analysts covering Switch (NYSE:SWCH), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Switch had 10 analyst reports since October 31, 2017 according to SRatingsIntel.

Switch, Inc. (NYSE:SWCH) Ratings Chart

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