What’s Ahead for Mongodb Class A (NASDAQ:MDB) After More Shorted Shares?

February 15, 2018 - By Hazel Jackson

 What’s Ahead for Mongodb Class A (NASDAQ:MDB) After More Shorted Shares?

The stock of Mongodb Class A (NASDAQ:MDB) registered an increase of 29.74% in short interest. MDB’s total short interest was 747,700 shares in February as published by FINRA. Its up 29.74% from 576,300 shares, reported previously. With 227,700 shares average volume, it will take short sellers 3 days to cover their MDB’s short positions.

The stock decreased 1.08% or $0.325 during the last trading session, reaching $29.805. About 102,827 shares traded. MongoDB, Inc. (NASDAQ:MDB) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

MongoDB, Inc. operates as a general purpose database platform worldwide. The company has market cap of $1.51 billion. It offers MongoDB Enterprise Advanced, a subscription package for enterprise clients to run in the cloud or in a hybrid environment; MongoDB Atlas, a cloud hosted database-as-a-service solution; Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB; and MongoDB Stitch, a backend-as-a-service designed to simplify application development. It currently has negative earnings. The firm also provides professional services, such as consulting and training.

More notable recent MongoDB, Inc. (NASDAQ:MDB) news were published by: Seekingalpha.com which released: “MongoDB: Growing Much Faster Than Expected” on December 13, 2017, also Prnewswire.com with their article: “MongoDB, Inc. Announces Third Quarter Fiscal 2018 Financial Results” published on December 12, 2017, Prnewswire.com published: “MongoDB, Inc. Announces Pricing of Initial Public Offering” on September 21, 2017. More interesting news about MongoDB, Inc. (NASDAQ:MDB) were released by: Seekingalpha.com and their article: “Billion-Dollar Unicorns: Can MongoDB Sustain Unicorn Status?” published on January 17, 2018 as well as Prnewswire.com‘s news article titled: “MongoDB, Inc. Announces Date of Third Quarter Fiscal 2018 Earnings Call” with publication date: November 21, 2017.

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