Zendesk Inc (NYSE:ZEN) Shorts Reduced By 4.42% As Of Jun 29, 2018

June 29, 2018 - By Maria Fierro

Zendesk, Inc. (NYSE:ZEN) Corporate Logo

Change of 4.42% for Zendesk Inc (NYSE:ZEN)’s short interest was showed. FINRA announced short interest of ZEN’s total 3.69 million shares. The 3.86M previous shares are down with 4.42%. Former ZEN’s position will need 3 days to restore. It has 1.18M average volume. Zendesk Inc float short is 3.79%.

The stock decreased 0.93% or $0.5099 during the last trading session, reaching $54.2801.Currently Zendesk, Inc. is uptrending after 119.18% change in last June 29, 2017. ZEN has also 307,553 shares volume. The stock outperformed the S&P 500 by 106.61%.

Zendesk, Inc., a software development company, provides software-as-a-service products for organizations.The firm is valued at $5.68 billion. The Company’s flagship product includes Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.Last it reported negative earnings. The firm also offers Zendesk Chat, a live chat software to connect with clients on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud call center software; Zendesk Help Center, a self-service destination with articles, interactive forums, and community; Zendesk Message, a customer messaging software; Zendesk Explore that makes customer data accessible across an organization; and Zendesk Connect, a customer intelligence software.

Zendesk, Inc. (NYSE:ZEN) Ratings Coverage

In total 12 analysts cover Zendesk (NYSE:ZEN). “Buy” rating has 10, “Sell” are 0, while 2 are “Hold”. (NYSE:ZEN) has 83% bullish analysts. 23 are the (NYSE:ZEN)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Wednesday, February 7 Cowen & Co maintained Zendesk, Inc. (NYSE:ZEN) rating. Cowen & Co has “Buy” rating and $46.0 target. The stock rating was maintained by Piper Jaffray with “Buy” on Tuesday, January 23. On Wednesday, February 7 the stock of Zendesk, Inc. (NYSE:ZEN) has “Overweight” rating given by Morgan Stanley. On Wednesday, May 2 the firm has “Hold” rating by Stifel Nicolaus given. In Wednesday, May 2 report Craig Hallum maintained it with “Buy” rating and $5500 target. On Wednesday, February 7 the firm earned “Buy” rating by Guggenheim. In Wednesday, May 2 report Morgan Stanley maintained it with “Overweight” rating and $57 target. On Wednesday, May 2 the firm earned “Buy” rating by Piper Jaffray. The company rating was upgraded by Stephens on Wednesday, February 7. The company rating was maintained by RBC Capital Markets on Wednesday, January 17.

Zendesk, Inc. (NYSE:ZEN) Analyst Ratings Chart

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