Short Interest Worth Watching: What Will Happen to Webcom Group Incorporated (NASDAQ:WEB) Next? The Stock Has Decline in Shorts

November 21, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Worth Watching: What Will Happen to Webcom Group Incorporated (NASDAQ:WEB) Next? The Stock Has Decline in Shorts

The stock of Webcom Group Incorporated (NASDAQ:WEB) registered a decrease of 0.01% in short interest. WEB’s total short interest was 2.02M shares in November as published by FINRA. Its down 0.01% from 2.02M shares, reported previously. With 200,500 shares average volume, it will take short sellers 10 days to cover their WEB’s short positions. The short interest to Webcom Group Incorporated’s float is 5.43%. About 36,404 shares traded hands. Web.com Group Inc (NASDAQ:WEB) has declined 18.66% since April 19, 2016 and is downtrending. It has underperformed by 22.52% the S&P500.

Web.com Group, Inc. provides a range of Internet services to small businesses. The company has a market cap of $846.82 million. The Firm operates through Web services and products segment. It has a 10.46 P/E ratio. The Firm offers subscription solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions.

Web.com Group Inc (NASDAQ:WEB) Ratings Coverage

Out of 4 analysts covering Web.com Group (NASDAQ:WEB), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Web.com Group has been the topic of 7 analyst reports since December 30, 2015 according to StockzIntelligence Inc. The rating was downgraded by Suntrust Robinson to “Hold” on Friday, November 4. RBC Capital Markets maintained it with “Sector Perform” rating and $23 target price in Tuesday, February 16 report. The rating was maintained by Suntrust Robinson on Wednesday, December 30 with “Neutral”. Suntrust Robinson upgraded Web.com Group Inc (NASDAQ:WEB) on Friday, February 12 to “Buy” rating. On Tuesday, January 19 the stock rating was upgraded by Craig Hallum to “Buy”. The stock of Web.com Group Inc (NASDAQ:WEB) earned “Hold” rating by Cantor Fitzgerald on Wednesday, October 19. RBC Capital Markets maintained Web.com Group Inc (NASDAQ:WEB) rating on Friday, May 6. RBC Capital Markets has “Sector Perform” rating and $24 price target.

WEB Company Profile

Web.com Group, Inc., incorporated on March 2, 1999, provides a range of Internet services to small businesses. The Firm operates through Web services and products segment. The Firm offers subscription solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions. The Firm offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do-It-Yourself Web Solutions and Online Marketing Services. The Firm offers online advertising opportunities for companies focused on small businesses to be featured on its Websites. The Firm offers directory listings, which is an online search directory that gives businesses online exposure.

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By Ellis Scott


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