Verisign Inc (NASDAQ:VRSN) Shorted Shares Increased By 2.05%

June 14, 2018 - By Richard Conner

VeriSign, Inc. (NASDAQ:VRSN) Logo

Investors sentiment increased to 0.17 in 2018 Q1. Its up 0.04, from 0.13 in 2017Q4. It is positive, as 29 investors sold VeriSign, Inc. shares while 0 reduced holdings. 3 funds opened positions while 2 raised stakes. 42.88 million shares or 45.08% less from 78.09 million shares in 2017Q4 were reported.
Ontario Teachers Pension Plan Board stated it has 86,205 shares or 0.15% of all its holdings. Penn Mngmt owns 202,000 shares. Jane Street Grp Lc invested in 0.01% or 675,000 shares. Bancorporation Of Nova Scotia reported 7.57 million shares. State Street Corp holds 34.30 million shares. Capstone Inv Advsr Ltd Llc has 50,000 shares.

The stock of Verisign Inc (NASDAQ:VRSN) registered an increase of 2.05% in short interest. VRSN’s total short interest was 14.37 million shares in June as published by FINRA. Its up 2.05% from 14.08 million shares, reported previously. With 1.34M shares average volume, it will take short sellers 11 days to cover their VRSN’s short positions. The short interest to Verisign Inc’s float is 18.32%.

The stock increased 1.15% or $1.6 during the last trading session, reaching $140.94. About 353,958 shares traded. VeriSign, Inc. (NASDAQ:VRSN) has risen 41.73% since June 14, 2017 and is uptrending. It has outperformed by 29.16% the S&P500.

VeriSign, Inc. provides domain name registry services and Internet security worldwide. The company has market cap of $17.35 billion. The firm offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for .gov, .jobs, .edu, and other domain names. It has a 38.3 P/E ratio. The Company’s registry services allow individuals and organizations to establish their online identities.

VeriSign, Inc. (NASDAQ:VRSN) Ratings Coverage

Among 4 analysts covering Verisign (NASDAQ:VRSN), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Verisign has $125.0 highest and $110.0 lowest target. $122.67’s average target is -12.96% below currents $140.94 stock price. Verisign had 5 analyst reports since January 10, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, April 5 by Cowen & Co. The firm has “Neutral” rating given on Monday, April 30 by Citigroup. The firm has “Hold” rating by Robert W. Baird given on Friday, March 16. The company was maintained on Friday, February 9 by Cowen & Co.

VeriSign, Inc. (NASDAQ:VRSN) Ratings Chart

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