Could J2 Global Inc (NASDAQ:JCOM) Go Up After Its Newest Short Interest Report?

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.
State Common Retirement Fund invested 0.01% in j2 Global, Inc. (NASDAQ:JCOM). Dorsey And Whitney Tru Ltd has 0.03% invested in j2 Global, Inc. (NASDAQ:JCOM) for 2,318 shares. International Gp holds 0.04% or 119,739 shares in its portfolio. Legal General Grp Public Ltd Co accumulated 71,683 shares. Charles Schwab Invest Mgmt Incorporated reported 433,902 shares stake. New York State Teachers Retirement holds 0.02% or 89,050 shares. Apg Asset Mgmt Nv holds 8,900 shares. State Treasurer State Of Michigan holds 13,800 shares. Clarivest Asset Mngmt Limited Liability Corp accumulated 23,420 shares or 0.04% of the stock. Campbell And Co Inv Adviser Limited Liability Co holds 8,067 shares. Segall Bryant Hamill Ltd Company reported 4,550 shares or 0.01% of all its holdings. Principal Group owns 209,285 shares or 0.02% of their US portfolio. Putnam Invests Limited Com invested in 0.02% or 79,364 shares. Martingale Asset Mgmt Lp has invested 0.1% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM). Cardinal Capital Management Ltd Liability Corporation Ct holds 2.16% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM) for 743,339 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 4.50 million 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. JMP Securities maintained j2 Global, Inc. (NASDAQ:JCOM) rating on Thursday, October 3. JMP Securities has “Market Outperform” rating and $10500 target. The stock of j2 Global, Inc. (NASDAQ:JCOM) earned “Buy” rating by Sidoti on Friday, September 6.

More notable recent j2 Global, Inc. (NASDAQ:JCOM) news were published by: Businesswire.com which released: “eFax CorporateĀ® Launches Enterprise API for Cloud Fax – Business Wire” on June 11, 2019, also Businesswire.com with their article: “j2 Global Reports Fourth Quarter and Year End 2018 Results and Provides 2019 Outlook – Business Wire” published on February 12, 2019, Businesswire.com published: “J2 Global to Participate in Two Investor Conferences in September – Business Wire” on September 04, 2019. More interesting news about j2 Global, Inc. (NASDAQ:JCOM) were released by: Finance.Yahoo.com and their article: “Is J2 Global Inc (JCOM) A Good Stock To Buy ? – Yahoo Finance” published on June 14, 2019 as well as Finance.Yahoo.com‘s news article titled: “Does j2 Global, Inc.’s (NASDAQ:JCOM) -7.9% Earnings Drop Reflect A Longer Term Trend? – Yahoo Finance” with publication date: April 30, 2019.

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

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