SVMK Inc (SVMK) Short Interest Up 87.8% in October

SVMK Inc (NASDAQ:SVMK) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 1,499,817 shares, an increase of 87.8% from the September 28th total of 798,750 shares. Based on an average daily volume of 1,420,413 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.6% of the shares of the stock are short sold.

In related news, Director Ryan Finley purchased 80,000 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The stock was acquired at an average price of $12.00 per share, with a total value of $960,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ SVMK opened at $11.39 on Monday. SVMK has a 12 month low of $10.72 and a 12 month high of $20.00.



Several brokerages have commented on SVMK. Credit Suisse Group began coverage on SVMK in a research note on Monday, October 22nd. They set a “neutral” rating and a $13.00 target price for the company. SunTrust Banks began coverage on SVMK in a research note on Monday, October 22nd. They set a “buy” rating and a $16.00 target price for the company. JMP Securities began coverage on SVMK in a research note on Monday, October 22nd. They set an “outperform” rating and a $16.00 target price for the company. Bank of America began coverage on SVMK in a research note on Monday, October 22nd. They set a “buy” rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on SVMK in a research note on Monday, October 22nd. They set an “overweight” rating and a $15.00 target price for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $15.17.

SVMK Company Profile

SurveyMonkey Inc develops online survey software to Fortune 100 companies, other businesses, academic institutions, organizations, and individuals worldwide. It offers SurveyMonkey that enables users to design and send professional surveys, and perform data analysis, as well as support various projects, teams, and organizations; SurveyMonkey CX, a Net Promoter Score (NPS) solution to collect, understand, and act on customer feedback; and Wufoo, which helps users to create contact forms, online surveys, and invitations.

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