After Reaching Milestone, Is Appfolio Class A (NASDAQ:APPF)’s Short Interest Revealing Something?

October 13, 2017 - By Adrian Erickson

 After Reaching Milestone, Is Appfolio Class A (NASDAQ:APPF)’s Short Interest Revealing Something?

The stock of Appfolio Class A (NASDAQ:APPF) registered an increase of 67.26% in short interest. APPF’s total short interest was 300,900 shares in October as published by FINRA. Its up 67.26% from 179,900 shares, reported previously. With 181,000 shares average volume, it will take short sellers 2 days to cover their APPF’s short positions. The short interest to Appfolio Class A’s float is 4.21%.

The stock decreased 0.20% or $0.1 during the last trading session, reaching $50.7. About 97,601 shares traded. AppFolio Inc (NASDAQ:APPF) has risen 112.92% since October 13, 2016 and is uptrending. It has outperformed by 96.22% the S&P500.

AppFolio, Inc. is a provider of industry-specific, cloud software solutions for small and medium-sized businesses in the property management and legal industries. The company has market cap of $1.72 billion. The Company’s mobile-optimized software solutions enable its clients to work at any time and from anywhere across multiple devices. It has a 1858.5 P/E ratio. The Company’s property management software provides small and medium-sized property managers with an end-to-end solution to their business needs.

AppFolio Inc (NASDAQ:APPF) Ratings Coverage

Among 5 analysts covering AppFolio Inc (NASDAQ:APPF), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. AppFolio Inc had 12 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, May 13. William Blair initiated the stock with “Outperform” rating in Tuesday, July 21 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Friday, August 11. The stock has “Neutral” rating by Credit Suisse on Tuesday, February 23. As per Thursday, July 20, the company rating was maintained by Morgan Stanley. The firm has “Equal-Weight” rating given on Tuesday, August 8 by Morgan Stanley. The stock of AppFolio Inc (NASDAQ:APPF) has “Sector Weight” rating given on Tuesday, July 21 by Pacific Crest. Morgan Stanley initiated the stock with “Overweight” rating in Tuesday, July 21 report. The firm has “Neutral” rating by Credit Suisse given on Tuesday, July 21. The firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, September 6.

More important recent AppFolio Inc (NASDAQ:APPF) news were published by: Zacks.com which released: “AppFolio Hits New 52-Week High on Upgraded Product Suite” on October 09, 2017, also Globenewswire.com published article titled: “AppFolio, Inc. Announces First Quarter 2017 Financial Results”, Zacks.com published: “Bull of the Day: AppFolio, Inc. (APPF)” on August 31, 2017. More interesting news about AppFolio Inc (NASDAQ:APPF) was released by: Globenewswire.com and their article: “AppFolio Announces New Offerings for Property Manager Customers” with publication date: September 18, 2017.

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