Can Etsy Inc (NASDAQ:ETSY)’s Tomorrow be Different? The Stock Had Increase in Shorts

May 26, 2018 - By Migdalia James

Etsy, Inc. (NASDAQ:ETSY) Logo

The stock of Etsy Inc (NASDAQ:ETSY) registered an increase of 8.74% in short interest. ETSY’s total short interest was 6.01 million shares in May as published by FINRA. Its up 8.74% from 5.53M shares, reported previously. With 1.85M shares average volume, it will take short sellers 3 days to cover their ETSY’s short positions. The short interest to Etsy Inc’s float is 6.62%.

The stock increased 3.19% or $0.94 during the last trading session, reaching $30.44. About 2.12 million shares traded. Etsy, Inc. (NASDAQ:ETSY) has risen 172.51% since May 26, 2017 and is uptrending. It has outperformed by 160.96% the S&P500.

Etsy, Inc. operates as a commerce platform to make, sell, and buy goods online and offline worldwide. The company has market cap of $3.64 billion. The Company’s platform includes its markets, services, and technology, which enables to engage a community of sellers and buyers. It has a 45.1 P/E ratio. The firm offers approximately 45 million items across approximately 50 retail categories to buyers.

Etsy, Inc. (NASDAQ:ETSY) Ratings Coverage

Among 7 analysts covering Etsy (NASDAQ:ETSY), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Etsy had 13 analyst reports since December 20, 2017 according to SRatingsIntel. On Monday, March 5 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, February 28. Stifel Nicolaus maintained Etsy, Inc. (NASDAQ:ETSY) rating on Wednesday, May 9. Stifel Nicolaus has “Hold” rating and $30 target. DA Davidson maintained Etsy, Inc. (NASDAQ:ETSY) on Tuesday, May 1 with “Buy” rating. Morgan Stanley downgraded the shares of ETSY in report on Friday, January 12 to “Underweight” rating. Morgan Stanley maintained it with “Underweight” rating and $23 target in Wednesday, April 18 report. The rating was initiated by Loop Capital Markets with “Buy” on Monday, April 9. KeyBanc Capital Markets maintained Etsy, Inc. (NASDAQ:ETSY) rating on Wednesday, March 14. KeyBanc Capital Markets has “Overweight” rating and $33 target. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, May 7. The stock of Etsy, Inc. (NASDAQ:ETSY) earned “Buy” rating by Roth Capital on Wednesday, February 28.

More notable recent Etsy, Inc. (NASDAQ:ETSY) news were published by: Investorplace.com which released: “Investors Should Wait to Buy Etsy Stock Despite Earnings Beat” on May 10, 2018, also Investorplace.com with their article: “The 10 Fastest-Growing Stocks to Invest In Right Now” published on May 22, 2018, Seekingalpha.com published: “Etsy: GMS Growth Continues To Accelerate” on May 09, 2018. More interesting news about Etsy, Inc. (NASDAQ:ETSY) were released by: Seekingalpha.com and their article: “Etsy’s (ETSY) CEO Josh Silverman on Q1 2018 Results – Earnings Call Transcript” published on May 09, 2018 as well as Nasdaq.com‘s news article titled: “Etsy, Inc. Earnings: Growth Accelerates Again” with publication date: May 09, 2018.

Etsy, Inc. (NASDAQ:ETSY) Ratings Chart

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