Noteworthy Short Interest Filing: Cdk Global Incorporated (NASDAQ:CDK) Has Increase in Shorts

November 29, 2016 - By Louis Casey   ·   0 Comments

Noteworthy Short Interest Filing: Cdk Global Incorporated (NASDAQ:CDK) Has Increase in Shorts

The stock of Cdk Global Incorporated (NASDAQ:CDK) registered an increase of 0.09% in short interest. CDK’s total short interest was 1.28 million shares in November as published by FINRA. Its up 0.09% from 1.28M shares, reported previously. With 491,100 shares average volume, it will take short sellers 3 days to cover their CDK’s short positions. The short interest to Cdk Global Incorporated’s float is 0.9%. The stock increased 0.02% or $0.01 during the last trading session, hitting $58.91. CDK Global Inc (NASDAQ:CDK) has risen 24.13% since April 26, 2016 and is uptrending. It has outperformed by 18.87% the S&P500.

CDK Global, Inc. provides integrated information technology and digital marketing solutions. The company has a market cap of $8.84 billion. The Company’s divisions include Retail Solutions North America, Advertising North America and CDK International. It has a 35.66 P/E ratio. Through its Retail Solutions North America segment, the Company provides technology solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles.

CDK Global Inc (NASDAQ:CDK) Ratings Coverage

Out of 4 analysts covering CDK Global (NASDAQ:CDK), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. CDK Global has been the topic of 6 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Thursday, February 4, the company rating was upgraded by Barrington Research. The stock has “Underweight” rating given by JP Morgan on Tuesday, December 15. The firm has “Underweight” rating given on Tuesday, January 19 by Morgan Stanley. On Wednesday, April 6 the stock rating was upgraded by JP Morgan to “Neutral”. The rating was maintained by JP Morgan on Friday, August 14 with “Underweight”.

CDK Company Profile

CDK Global, Inc., incorporated on May 6, 2014, is a well-known provider of integrated information technology and digital marketing solutions to the automotive retail and adjacent industries. The Company’s divisions include Retail Solutions North America, Advertising North America and CDK International. As of June 30, 2016, the Company provided solutions to dealers in approximately 100 countries around the world, covering over 27,000 retail locations and original equipment manufacturers (OEMs). The Company’s solutions automate and integrate all parts of the buying process from targeted digital advertising and marketing campaigns to the sale, financing, insuring, parts supply, repair and maintenance of vehicles. The Firm serves franchised independent automotive retailers in North America and internationally. It sells data management, business intelligence, benchmarking and dealer management systems (DMS) integration services to OEMs.

Another recent and important CDK Global Inc (NASDAQ:CDK) news was published by Forbes.com which published an article titled: “CDK Global Reaches Analyst Target Price” on August 04, 2016.

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By Louis Casey


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