Nasdaq Inc (NASDAQ:NDAQ) Short Interest Up 16.8% in November

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Nasdaq Inc (NASDAQ:NDAQ) was the target of a significant increase in short interest during the month of November. As of November 29th, there was short interest totalling 4,110,000 shares, an increase of 16.8% from the November 14th total of 3,520,000 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average daily volume of 745,500 shares, the days-to-cover ratio is presently 5.5 days.

Several equities research analysts have commented on NDAQ shares. Oppenheimer started coverage on shares of Nasdaq in a report on Monday, September 16th. They set an “outperform” rating and a $111.00 price objective on the stock. BidaskClub downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. UBS Group downgraded shares of Nasdaq from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $113.00 to $107.00 in a report on Friday, October 25th. Finally, Deutsche Bank upped their price objective on shares of Nasdaq from $110.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $102.44.

Several institutional investors have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Nasdaq by 71.2% in the third quarter. CWM LLC now owns 250 shares of the financial services provider’s stock worth $25,000 after buying an additional 104 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Nasdaq by 13.5% in the third quarter. Benjamin Edwards Inc. now owns 1,002 shares of the financial services provider’s stock worth $100,000 after buying an additional 119 shares in the last quarter. Advisor Partners LLC lifted its holdings in shares of Nasdaq by 4.2% in the third quarter. Advisor Partners LLC now owns 3,023 shares of the financial services provider’s stock worth $300,000 after buying an additional 123 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of Nasdaq by 20.0% in the second quarter. Pittenger & Anderson Inc. now owns 900 shares of the financial services provider’s stock worth $87,000 after buying an additional 150 shares in the last quarter. Finally, Pitcairn Co. lifted its holdings in shares of Nasdaq by 1.8% in the second quarter. Pitcairn Co. now owns 9,048 shares of the financial services provider’s stock worth $870,000 after buying an additional 159 shares in the last quarter. 75.61% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ NDAQ traded up $0.35 during trading on Friday, hitting $104.48. 454,006 shares of the company’s stock traded hands, compared to its average volume of 772,463. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.72 and a beta of 0.64. Nasdaq has a 12-month low of $75.49 and a 12-month high of $106.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.89 and a current ratio of 0.95. The business has a 50 day moving average of $102.59 and a 200-day moving average of $99.47.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.06. The business had revenue of $632.00 million for the quarter, compared to the consensus estimate of $627.44 million. Nasdaq had a net margin of 12.16% and a return on equity of 15.22%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. On average, analysts expect that Nasdaq will post 4.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 12th. Nasdaq’s payout ratio is 38.84%.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Further Reading: What is the quiet period?

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