Apigee Corporation (NASDAQ:APIC) Shorted Shares Decreased By 19.63%

The stock of Apigee Corporation (NASDAQ:APIC) registered a decrease of 19.63% in short interest. APIC’s total short interest was 927,200 shares in April as published by FINRA. Its down 19.63% from 1.15 million shares, reported previously. With 290,800 shares average volume, it will take short sellers 3 days to cover their APIC’s short positions. The short interest to Apigee Corporation’s float is 6.14%. The stock is down 1.39% or $0.14 after the news, hitting $9.59 per share. About 8,934 shares traded hands. Apigee Corp (NASDAQ:APIC) has risen 46.83% since September 2, 2015 and is uptrending. It has outperformed by 41.76% the S&P500.

Apigee Corporation is a provider of an application program interface (API) software platform that enables digital connectivity and business insights. The company has a market cap of $299.51 million. The Company’s platform allows businesses to design, deploy and scale APIs as a connection layer between its information technology (IT) systems and data and the applications with which its customers, partners, employees and other users engage with its business. It currently has negative earnings. The Company’s platform consists of following products: Apigee Edge, Apigee Insights, Apigee Developer and Apigee Link.

Out of 8 analysts covering Apigee Corp (NASDAQ:APIC), 7 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Apigee Corp was the topic in 3 analyst reports since August 5, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the stock on August 5 to “Overweight” rating.

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