A Reversal for Apptio Inc – Class A (NASDAQ:APTI) Is Near. The Stock Has Decrease in Shorts

September 16, 2018 - By Jack Shaw

The stock of Apptio Inc – Class A (NASDAQ:APTI) registered a decrease of 14.6% in short interest. APTI’s total short interest was 2.38M shares in September as published by FINRA. Its down 14.6% from 2.78 million shares, reported previously. With 474,300 shares average volume, it will take short sellers 5 days to cover their APTI’s short positions. The short interest to Apptio Inc – Class A’s float is 7.14%.

The stock increased 2.79% or $1.12 during the last trading session, reaching $41.23. About 485,401 shares traded or 3.61% up from the average. Apptio, Inc. (NASDAQ:APTI) has risen 130.01% since September 16, 2017 and is uptrending. It has outperformed by 114.39% the S&P500.

Apptio, Inc. provides cloud-based technology business management solutions to enterprises. The company has market cap of $1.84 billion. The Company’s cloud platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, and to benchmark their financial and operational performance against peers. It currently has negative earnings. The companyÂ’s TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that provides a standard model for how IT costs are captured, categorized, and allocated to IT services and business services.

Apptio, Inc. (NASDAQ:APTI) Ratings Chart

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