Short Interest To Observe: Will Square Incorporated (NYSE:SQ) Run Out of Steam Soon? Short Interest is Up

November 16, 2016 - By Nellie Frank   ·   0 Comments

Short Interest To Observe: Will Square Incorporated (NYSE:SQ) Run Out of Steam Soon? Short Interest is Up

The stock of Square Incorporated (NYSE:SQ) registered an increase of 0.52% in short interest. SQ’s total short interest was 20.12M shares in November as published by FINRA. Its up 0.52% from 20.01M shares, reported previously. With 3.63 million shares average volume, it will take short sellers 6 days to cover their SQ’s short positions. The short interest to Square Incorporated’s float is 12.66%. About 2.10M shares traded hands. Square Inc (NYSE:SQ) has declined 18.83% since April 14, 2016 and is downtrending. It has underperformed by 23.51% the S&P500.

Square, Inc. enables payment processing, and also offers financial and marketing services. The company has a market cap of $4.04 billion. The Firm provides sellers various tools to start, run, manage and grow their businesses. It currently has negative earnings. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses.

Square Inc (NYSE:SQ) Ratings Coverage

Out of 24 analysts covering Square Inc (NYSE:SQ), 9 rate it a “Buy”, 0 “Sell”, while 15 “Hold”. This means 38% are positive. Square Inc has been the topic of 39 analyst reports since November 20, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, December 14 by JP Morgan. The firm has “Outperform” rating given on Wednesday, November 2 by Credit Suisse. Monness Crespi & Hardt initiated it with “Buy” rating and $15 target price in Thursday, December 3 report. The stock of Square Inc (NYSE:SQ) has “Buy” rating given on Monday, December 14 by Goldman Sachs. As per Thursday, February 11, the company rating was initiated by Suntrust Robinson. The rating was initiated by William Blair on Thursday, January 21 with “Market Perform”. The company was maintained on Monday, January 4 by Wedbush. The rating was upgraded by Pacific Crest to “Overweight” on Monday, November 14. As per Monday, May 23, the company rating was upgraded by Credit Agricole. RBC Capital Markets initiated the shares of SQ in a report on Monday, December 14 with “Outperform” rating.

SQ Company Profile

Square, Inc., incorporated on June 17, 2009, enables payment processing, and also offers financial and marketing services. The Firm provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain.

More important recent Square Inc (NYSE:SQ) news were published by: Fool.com which released: “Better Buy: Square, Inc. vs. Visa” on November 16, 2016, also Profitconfidential.com published article titled: “Square Inc: This Is Why SQ Stock Has Only Begun to Run”, Fool.com published: “Better Buy: Square, Inc. vs. American Express” on November 01, 2016. More interesting news about Square Inc (NYSE:SQ) was released by: Reuters.com and their article: “BRIEF-Square Inc CEO Jack Dorsey enters into stock trading plan to sell sh…” with publication date: November 15, 2016.

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By Nellie Frank


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