Mongodb Inc (NASDAQ:MDB) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 747,704 shares, a growth of 29.8% from the November 15th total of 576,257 shares. Currently, 9.3% of the company’s stock are sold short. Based on an average daily volume of 227,684 shares, the days-to-cover ratio is presently 3.3 days.

A number of research analysts have commented on MDB shares. Needham & Company LLC started coverage on Mongodb in a research note on Monday, October 23rd. They issued a “hold” rating on the stock. Canaccord Genuity Group started coverage on Mongodb in a research note on Wednesday, November 15th. They issued a “buy” rating and a $35.00 target price on the stock. JMP Securities started coverage on Mongodb in a research report on Monday, November 13th. They issued a “market perform” rating for the company. Barclays started coverage on Mongodb in a research report on Monday, November 13th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, Morgan Stanley started coverage on Mongodb in a research report on Monday, November 13th. They issued an “equal weight” rating and a $31.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.83.

Shares of Mongodb (MDB) opened at $28.30 on Tuesday. Mongodb has a 12-month low of $24.62 and a 12-month high of $34.00.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, December 12th. The company reported ($1.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.90). The business had revenue of $41.50 million during the quarter, compared to the consensus estimate of $37.21 million. The firm’s revenue was up 57.8% on a year-over-year basis. research analysts anticipate that Mongodb will post -1.77 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Mongodb Inc (MDB) Short Interest Update” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/mongodb-inc-mdb-short-interest-update/1772112.html.

About Mongodb

MongoDB, Inc is a United States-based modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.