Follow The Short Interest: What Next for Verisign Incorporated (NASDAQ:VRSN) Stock After Decrease in Shorted Shares?

November 21, 2016 - By Pete Kolinski   ·   0 Comments

Follow The Short Interest: What Next for Verisign Incorporated (NASDAQ:VRSN) Stock After Decrease in Shorted Shares?

The stock of Verisign Incorporated (NASDAQ:VRSN) registered a decrease of 1.24% in short interest. VRSN’s total short interest was 18.46M shares in November as published by FINRA. Its down 1.24% from 18.69 million shares, reported previously. With 1.86M shares average volume, it will take short sellers 10 days to cover their VRSN’s short positions. The short interest to Verisign Incorporated’s float is 19.89%. The stock decreased 1.15% or $0.93 on November 18, hitting $80.04. Verisign, Inc. (NASDAQ:VRSN) has declined 9.85% since April 19, 2016 and is downtrending. It has underperformed by 13.72% the S&P500.

VeriSign, Inc. is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world . The company has a market cap of $8.41 billion. The Firm operates in Registry Services and Security Services segment. It has a 23.96 P/E ratio. The Company’s product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services.

Insitutional Activity: The institutional sentiment decreased to 0.02 in Q2 2016. Its down 0.05, from 0.07 in 2016Q1. The ratio turned negative, as 41 funds sold all Verisign, Inc. shares owned while 0 reduced positions. 2 funds bought stakes while 1 increased positions. They now own 15.79 million shares or 13.09% more from 13.96 million shares in 2016Q1.
Pacad Invest Limited has invested 0.66% of its portfolio in Verisign, Inc. (NASDAQ:VRSN). Canada Pension Plan Inv Board has 3.00 million shares for 0.03% of their US portfolio. Scotia Capital last reported 11.98M shares in the company. Moreover, Bank Of New York Mellon Corp has 0% invested in Verisign, Inc. (NASDAQ:VRSN) for 750,000 shares.

Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 1 sale for $125,988 net activity. $125,988 worth of shares were sold by TOMLINSON TIMOTHY on Tuesday, August 2.

Verisign, Inc. (NASDAQ:VRSN) Ratings Coverage

Out of 4 analysts covering VeriSign (NASDAQ:VRSN), 1 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 25% are positive. VeriSign has been the topic of 8 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, July 27 by Topeka Capital Markets. The firm has “Sell” rating given on Tuesday, January 5 by Citigroup. The rating was maintained by Cowen & Co with “Hold” on Friday, October 2.

VRSN Company Profile

VeriSign, Inc., incorporated on April 12, 1995, is a well-known provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Firm operates in Registry Services and Security Services segment. The Company’s product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Company’s Registry Services provides the security and resiliency of Internet infrastructure and services, including the .com and .net domains, approximately two of the Internet’s root servers, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS). The Firm has activities inside, as well as outside the United States. The Company’s activities infrastructure consists of approximately three secure data centers in Dulles, Virginia; New Castle, Delaware; and Fribourg, Switzerland, as well as over 100 resolution sites around the world.

More news for Verisign, Inc. (NASDAQ:VRSN) were recently published by: Streetinsider.com, which released: “Verisign Inc. (VRSN) Reports Amendments to Agreements with DOC, ICANN” on October 20, 2016. Streetinsider.com‘s article titled: “Verisign Inc. (VRSN) Tops Q3 EPS by 3c” and published on October 27, 2016 is yet another important article.

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By Pete Kolinski


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