Mongodb Inc – Class A (NASDAQ:MDB) Reports Decline in Sellers; Strong Momentum for Longs

March 21, 2018 - By Adrian Erickson

 Mongodb Inc   Class A (NASDAQ:MDB) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Mongodb Inc – Class A (NASDAQ:MDB) registered a decrease of 11.92% in short interest. MDB’s total short interest was 987,600 shares in March as published by FINRA. Its down 11.92% from 1.12 million shares, reported previously. With 162,500 shares average volume, it will take short sellers 6 days to cover their MDB’s short positions. The short interest to Mongodb Inc – Class A’s float is 10.59%.

The stock increased 0.91% or $0.36 during the last trading session, reaching $39.98. About 658,208 shares traded or 107.66% up from the average. MongoDB, Inc. (NASDAQ:MDB) has 0.00% since March 21, 2017 and is . It has underperformed by 16.70% the S&P500.

MongoDB, Inc. operates as a general purpose database platform worldwide. The company has market cap of $2.02 billion. It offers MongoDB Enterprise Advanced, a subscription package for enterprise clients to run in the cloud or in a hybrid environment; MongoDB Atlas, a cloud hosted database-as-a-service solution; Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB; and MongoDB Stitch, a backend-as-a-service designed to simplify application development. It currently has negative earnings. The firm also provides professional services, such as consulting and training.

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