Short Interest Summary: Workiva Incorporated (NYSE:WK) Reports Decline in Sellers; Strong Momentum for Longs

November 21, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Summary: Workiva Incorporated (NYSE:WK) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Workiva Incorporated (NYSE:WK) registered a decrease of 2.71% in short interest. WK’s total short interest was 929,200 shares in November as published by FINRA. Its down 2.71% from 955,100 shares, reported previously. With 222,300 shares average volume, it will take short sellers 4 days to cover their WK’s short positions. The short interest to Workiva Incorporated’s float is 4.86%. The stock last traded at $15.3 per share. It is down 19.72% since April 19, 2016 and is uptrending. It has outperformed by 15.86% the S&P500.

Workiva Inc. develops Wdesk, a cloud productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. The company has a market cap of $637.24 million. The Wdesk word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. It currently has negative earnings. The Company’s platform enables multiple users to draft, edit and comment within the same Wdesk document, spreadsheet, presentation or report at the same time from any location with Internet access.

Workiva Inc (NYSE:WK) Ratings Coverage

Out of 3 analysts covering Workiva (NYSE:WK), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Workiva has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, August 6 by Northland Capital. Northland Capital maintained the shares of WK in a report on Friday, November 6 with “Outperform” rating. The rating was downgraded by Credit Suisse on Thursday, November 10 to “Neutral”.

WK Company Profile

Workiva Inc., incorporated on September 17, 2014, develops Wdesk, a cloud productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. The Wdesk word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. The Firm offers Wdesk solutions in various markets, such as finance and accounting, risk, Sarbanes-Oxley act (SOX) and audit.

More important recent Workiva Inc (NYSE:WK) news were published by: Fool.com which released: “Why Workiva Inc. Stock Fell Sharply” on November 10, 2016, also Marketwatch.com published article titled: “Workiva downgraded to neutral from outperform at Credit Suisse”, Businesswire.com published: “Workiva Executive to Present at Upcoming Conferences” on November 15, 2016. More interesting news about Workiva Inc (NYSE:WK) was released by: Prnewswire.com and their article: “Workiva Helps Global Reinsurance Company Streamline Enterprise Risk Management” with publication date: August 16, 2016.

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By Ellis Scott


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