Etsy Incorporated (NASDAQ:ETSY) Sellers Increased By 4.69% Their Shorts

The stock of Etsy Incorporated (NASDAQ:ETSY) registered an increase of 4.69% in short interest. ETSY’s total short interest was 4.40M shares in April as published by FINRA. Its up 4.69% from 4.21 million shares, reported previously. With 977,000 shares average volume, it will take short sellers 5 days to cover their ETSY’s short positions. The short interest to Etsy Incorporated’s float is 6.15%. The stock increased 3.66% or $0.31 on April 15, hitting $8.77. About 1.37 million shares traded hands or 10.48% up from the average. Etsy Inc (NASDAQ:ETSY) has declined 38.37% since September 10, 2015 and is downtrending. It has underperformed by 44.95% the S&P500.

Etsy, Inc. operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The company has a market cap of $1.02 billion. Handmade goods are the foundation of its marketplace. It currently has negative earnings. The Firm operates a platform for third-party sellers.

Out of 7 analysts covering Etsy (NASDAQ:ETSY), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Etsy was the topic in 14 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Roth Capital initiated the stock on December 22 with “Sell” rating.

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