Short Interest Watching: What’s Zendesk Incorporated (NYSE:ZEN) Upside After This Short Interest Decrease?

November 22, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Watching: What's Zendesk Incorporated (NYSE:ZEN) Upside After This Short Interest Decrease?

The stock of Zendesk Incorporated (NYSE:ZEN) registered a decrease of 1.39% in short interest. ZEN’s total short interest was 3.89M shares in November as published by FINRA. Its down 1.39% from 3.95 million shares, reported previously. With 762,500 shares average volume, it will take short sellers 5 days to cover their ZEN’s short positions. The short interest to Zendesk Incorporated’s float is 5.49%. The stock closed at $22.82 during the last session. It is down 0.84% since April 20, 2016 and is uptrending. It has underperformed by 3.72% the S&P500.

Zendesk, Inc. is a software development company. The company has a market cap of $2.13 billion. The Firm provides software as a service customer service platform. It currently has negative earnings. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking.

Zendesk Inc (NYSE:ZEN) Ratings Coverage

Out of 12 analysts covering Zendesk (NYSE:ZEN), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. Zendesk has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Buy” on Tuesday, April 19. The stock of Zendesk Inc (NYSE:ZEN) earned “Overweight” rating by Morgan Stanley on Thursday, July 14. Rosenblatt initiated the stock with “Buy” rating in Thursday, August 27 report. The company was maintained on Thursday, August 6 by Canaccord Genuity. On Friday, September 11 the stock rating was initiated by RBC Capital Markets with “Outperform”. The stock of Zendesk Inc (NYSE:ZEN) earned “Outperform” rating by Credit Suisse on Friday, September 11. The firm earned “Buy” rating on Wednesday, November 4 by Rosenblatt. On Thursday, September 10 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock has “Outperform” rating given by William Blair on Thursday, September 10. Summit Research initiated Zendesk Inc (NYSE:ZEN) rating on Monday, March 28. Summit Research has “Buy” rating and $25 price target.

ZEN Company Profile

Zendesk, Inc., incorporated on March 3, 2009, is a software development company. The Firm provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Firm also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.

Another recent and important Zendesk Inc (NYSE:ZEN) news was published by Fool.com which published an article titled: “3 Big Takeaways From Zendesk Inc. Earnings” on November 07, 2016.

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By Winifred Garcia


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