Short Interest to Follow: What’s Propelling Apptio Class A (NASDAQ:APTI) After Higher Shorts Reported?

November 24, 2016 - By kentuckypostne   ·   0 Comments

Short Interest to Follow: What’s Propelling Apptio Class A (NASDAQ:APTI) After Higher Shorts Reported?

The stock of Apptio Class A (NASDAQ:APTI) registered an increase of 280.96% in short interest. APTI’s total short interest was 198,100 shares in November as published by FINRA. Its up 280.96% from 52,000 shares, reported previously. With 207,600 shares average volume, it will take short sellers 1 days to cover their APTI’s short positions. The short interest to Apptio Class A’s float is 1.52%. The stock decreased 1.85% or $0.36 on November 23, hitting $19.07. About 88,032 shares traded hands. Apptio Inc (NASDAQ:APTI) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

Apptio, Inc. is a United States well-known provider of cloud technology business management (TBM) software for managing business of information technology (IT). The company has a market cap of $709.79 million. The Firm offers a software as service (SaaS) products. It currently has negative earnings. It offers cloud applications, including Apptio Cost Transparency, which offers features, such as manage cost and investment across user’s application portfolio; Apptio IT Planning, which helps IT finance, budget owners and chief information officers (CIOs) with annual budget, forecast and variance tracking; Apptio IT Benchmarking, which extends Apptio Cost Transparency with side-by-side benchmarks with features, such as peer costs calculated through consistent cost structure and comparing peer benchmarks; Apptio Business Insights, which correlates IT infrastructure and application data, and Apptio Bill of IT, which automates the creation and delivery of pro-forma invoices for IT services.

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