November 24, 2016 - By Winifred Garcia · 0 Comments
The stock of Apigee Corporation (NASDAQ:APIC) registered an increase of 8.9% in short interest. APIC’s total short interest was 507,600 shares in November as published by FINRA. Its up 8.9% from 466,100 shares, reported previously. With 154,200 shares average volume, it will take short sellers 3 days to cover their APIC’s short positions. The short interest to Apigee Corporation’s float is 3.1%. The stock closed at $17.38 during the last session. It is down 88.86% since April 11, 2016 and is uptrending. It has outperformed by 83.45% the S&P500.
Apigee Corporation is engaged in providing a software platform that allows businesses to design, deploy, and scale application program interfaces , as a connection layer between their core information technology (IT) systems and data and the applications, with which their customers, partners, employees and other users engage with the business. The company has a market cap of $535.07 million. The Company’s platform consists of the products, including Apigee Edge, Apigee Edge PRO, Apigee Link, Apigee Sense and Apigee Insights. It currently has negative earnings. Apigee Edge is an API-management solution.
Out of 6 analysts covering Apigee Corp (NASDAQ:APIC), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. Apigee Corp has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by Pacific Crest on Thursday, September 15 to “Sector Weight”. The stock has “Neutral” rating given by Credit Suisse on Thursday, September 15. The firm earned “Neutral” rating on Thursday, September 15 by Roth Capital. JP Morgan upgraded Apigee Corp (NASDAQ:APIC) on Wednesday, August 5 to “Overweight” rating. The rating was downgraded by JP MOrgan to “Market Perform” on Tuesday, October 11. As per Wednesday, September 14, the company rating was downgraded by JP Morgan. The firm has “Buy” rating given on Thursday, May 26 by Roth Capital. Nomura downgraded Apigee Corp (NASDAQ:APIC) on Friday, September 9 to “Neutral” rating.
American Pacific Investcorp LP is a limited partnership formed to acquire, own and operate real estate property and related assets. The Companyâ€™s principal business is the acquisition, ownership, development, improvement, leasing, management and disposition of a range of real estate properties, including commercial buildings, retail centers, office properties, residential properties, hotels and both residential and commercial condominiums.
More notable recent Apigee Corp (NASDAQ:APIC) news were published by: Streetinsider.com which released: “Apigee Corp. (APIC) to be Acquired by Google in $625M Deal” on September 08, 2016, also Zacks.com with their article: “3 Reasons Why Apigee Corp (APIC) is a Great Momentum Stock” published on September 24, 2015, Businessfinancenews.com published: “Why Apigee Corp (APIC) Shares Were Down On Friday” on April 25, 2015. More interesting news about Apigee Corp (NASDAQ:APIC) were released by: Reuters.com and their article: “Software developer Apigee Corp files for IPO” published on March 20, 2015 as well as Streetinsider.com‘s news article titled: “Form 4 Apigee Corp For: Nov 10 Filed by: Kapoor Chetan” with publication date: November 15, 2016.
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By Winifred Garcia