Mongodb Inc (MDB) Short Interest Update
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, 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.
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