Could Roku Inc - Class A (NASDAQ:ROKU) See a Reversal After More Sellers Came In? | Invest Tribune
The stock of Roku Inc - Class A (NASDAQ:ROKU) registered an increase of 16.79% in short interest. ROKU's total short interest was 8.17 million shares in September as published by FINRA. Its up 16.79% from 6.99M shares, reported previously. With 11.93 million shares average volume, it will take short sellers 1 days to cover their ROKU's short positions.
The stock increased 0.12% or $0.13 during the last trading session, reaching $108.18. About 18.11M shares traded or 37.92% up from the average. Roku, Inc. (NASDAQ:ROKU) has risen 133.20% since September 23, 2018 and is uptrending. It has outperformed by 133.20% the S&P500.
Roku, Inc. primarily operates a TV streaming platform. The company has market cap of $12.57 billion. The Company's platform allows users to discover and access a range of movies and TV episodes, as well as live sports, music, news, and others. It currently has negative earnings. As of June 30, 2017, the firm had approximately 13.3 million subscribers.
Roku, Inc. (NASDAQ:ROKU) Ratings Coverage
Among 8 analysts covering Roku ( NASDAQ:ROKU), 6 have Buy rating, 1 Sell and 1 Hold. Therefore 75% are positive. Roku has $18500 highest and $6000 lowest target. $126.11's average target is 16.57% above currents $108.18 stock price. Roku had 20 analyst reports since April 1, 2019 according to SRatingsIntel. The firm has "Buy" rating by DA Davidson given on Wednesday, September 4. The firm has "Overweight" rating by Stephens given on Thursday, August 8. As per Friday, September 20, the company rating was maintained by Oppenheimer. The rating was maintained by SunTrust on Monday, September 9 with "Hold". As per Wednesday, September 18, the company rating was maintained by Guggenheim. The company was maintained on Monday, April 1 by KeyBanc Capital Markets. As per Thursday, August 8, the company rating was upgraded by Rosenblatt. On Thursday, April 4 the stock rating was downgraded by Guggenheim to "Neutral".
More notable recent Roku, Inc. (NASDAQ:ROKU) news were published by: Finance.Yahoo.com which released: "At These Levels, Buying ROKU Stock Is Speculating Not Investing - Yahoo Finance" on September 10, 2019, also Nasdaq.com with their article: "Notable ETF Outflow Detected - FXD, ROKU, TTD, LEN - Nasdaq" published on August 26, 2019, Profitconfidential.com published: "Roku Inc: Tech Stock Up 424% in 2019, Still Has Massive Upside - Profit Confidential" on September 06, 2019. More interesting news about Roku, Inc. (NASDAQ:ROKU) were released by: Fool.com and their article: "Why Roku Tanked Again Today - Motley Fool" published on September 20, 2019 as well as Fool.com 's news article titled: "Why Roku Stock Took a Hit Tuesday - The Motley Fool" with publication date: September 10, 2019.
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