What’s in J2 Global Inc (NASDAQ:JCOM) After Rise in Shorted Shares?

j2 Global, Inc. (NASDAQ:JCOM) Logo

Investors sentiment decreased to 1.14 in Q2 2019. Its down 0.21, from 1.35 in 2019Q1. It turned negative, as 21 investors sold j2 Global, Inc. shares while 91 reduced holdings. 44 funds opened positions while 84 raised stakes. 46.58 million shares or 0.79% less from 46.95 million shares in 2019Q1 were reported.
Amer Gp holds 119,739 shares or 0.04% of its portfolio. Rothschild & Asset Mngmt Us reported 456,702 shares or 0.43% of all its holdings. Arizona State Retirement System has 33,742 shares for 0.03% of their portfolio. Hm Payson Company holds 822 shares. Oppenheimer Inc accumulated 5,000 shares. Prudential Financial reported 582,664 shares stake. Segall Bryant And Hamill Ltd Liability Corporation reported 0.01% stake. Utd Svcs Automobile Association owns 18,343 shares. Rice Hall James And Assocs Limited Co reported 542,791 shares stake. Whittier Tru Communication reported 180 shares. Fort L P owns 30,793 shares. Germany-based Deutsche Bancorporation Ag has invested 0.01% in j2 Global, Inc. (NASDAQ:JCOM). Alberta Investment has 56,600 shares. Fmr Limited Liability stated it has 2.10M shares. California State Teachers Retirement Sys holds 71,814 shares.

The stock of J2 Global Inc (NASDAQ:JCOM) registered an increase of 0.92% in short interest. JCOM’s total short interest was 4.54M shares in October as published by FINRA. Its up 0.92% from 4.50M shares, reported previously. With 383,300 shares average volume, it will take short sellers 12 days to cover their JCOM’s short positions. The short interest to J2 Global Inc’s float is 9.77%.

The stock increased 1.88% or $1.76 during the last trading session, reaching $95.57. About 532,178 shares traded or 54.57% up from the average. j2 Global, Inc. (NASDAQ:JCOM) has risen 5.54% since October 12, 2018 and is uptrending. It has outperformed by 5.54% the S&P500.

j2 Global, Inc., together with its subsidiaries, engages in the provision of Internet services worldwide. The company has market cap of $4.68 billion. It operates through two divisions, Business Cloud Services and Digital Media. It has a 32.28 P/E ratio. The Business Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

j2 Global, Inc. (NASDAQ:JCOM) Ratings Coverage

Among 2 analysts covering j2 Global (NASDAQ:JCOM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. j2 Global has $11600 highest and $9500 lowest target. $105.33’s average target is 10.21% above currents $95.57 stock price. j2 Global had 3 analyst reports since May 9, 2019 according to SRatingsIntel. Sidoti maintained the stock with “Buy” rating in Friday, September 6 report. As per Thursday, October 3, the company rating was maintained by JMP Securities.

More notable recent j2 Global, Inc. (NASDAQ:JCOM) news were published by: Businesswire.com which released: “j2 Global to Participate at 5 Investor Conferences in May and June – Business Wire” on May 15, 2019, also Nasdaq.com with their article: “Technology Sector Update for 11/06/2018: JCOM, VMW, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” published on November 06, 2018, Finance.Yahoo.com published: “Does Market Volatility Impact j2 Global, Inc.’s (NASDAQ:JCOM) Share Price? – Yahoo Finance” on June 02, 2019. More interesting news about j2 Global, Inc. (NASDAQ:JCOM) were released by: Finance.Yahoo.com and their article: “Here is What Hedge Funds Think About Marriott Vacations Worldwide Corporation (VAC) – Yahoo Finance” published on June 19, 2019 as well as Seekingalpha.com‘s news article titled: “J2 Global seals four purchases in Q3 – Seeking Alpha” with publication date: October 07, 2019.

j2 Global, Inc. (NASDAQ:JCOM) Institutional Positions Chart

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