Internap Corp Cmn (NASDAQ:INAP) last traded at $4.10 with shares with a low of $3.87 and high of $4.14. The change makes the stock one of the most volatile of the day.
Short traders are feeling a little more bearish of late if you take a look at the motion in short interest. The firm realized a rise in short interest of 8.74% between September 29, 2017 and October 13, 2017. Short shares increased from 13,870,838 to 15,082,963 over that period. The days to cover decreased to 12.0 and the percentage of shorted shares is 0.18% as of October 13.
Recent Analyst Ratings
On September 25 Benchmark made no change to the stock rating of “Buy” projecting a price of $6.00. On August 4 the stock rating was upgraded to “Strong-Buy” from “Outperform” and a price target of $7.00 was set in an announcement from Raymond James Financial.
Earnings Per Share
Internap Corp Cmn’s P/E ratio is N/A and market capitalization is 341.87M. As of the last earnings report the EPS was $-0.76 with 83.38M shares currently outstanding.
Internap Corporation, launched on July 25, 2001, is a technology provider of Internet infrastructure. The Company provides Internet infrastructure through both Colocation Business and Enterprise Services (including network connectivity, Internet Protocol (IP), bandwidth and Managed Hosting) and Cloud Services (including enterprise-grade AgileCLOUD 2.0, Bare-Metal Servers and SMB iWeb platforms). The Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services. As of December 31, 2016, its global high-capacity network connected 15 Company-controlled Tier 3-type data centers in various markets in North America, 34 wholesale partnered facilities, and points of presence in 26 central business districts around the world..