After Reaching Milestone, Is Appian Corporation Class A (NASDAQ:APPN)’s Short Interest Revealing Something?

October 13, 2017 - By Vivian Park

 After Reaching Milestone, Is Appian Corporation Class A (NASDAQ:APPN)’s Short Interest Revealing Something?

The stock of Appian Corporation Class A (NASDAQ:APPN) registered an increase of 4.97% in short interest. APPN’s total short interest was 1.15 million shares in October as published by FINRA. Its up 4.97% from 1.09 million shares, reported previously. With 122,100 shares average volume, it will take short sellers 9 days to cover their APPN’s short positions.

About 77,340 shares traded. Appian Corp (NASDAQ:APPN) has 0.00% since October 13, 2016 and is . It has underperformed by 16.70% the S&P500.

Appian Corporation provides a low-code software development platform as a service that enables organizations to develop applications. The company has market cap of $1.42 billion. Through Company’s platform, organizations can design, build and implement, enterprise-grade custom applications. It currently has negative earnings. Decision makers can reimagine their products, services, processes and customer interactions.

Appian Corp (NASDAQ:APPN) Ratings Coverage

Among 7 analysts covering Appian (NASDAQ:APPN), 0 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. Appian had 13 analyst reports since June 19, 2017 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, August 4 report. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, September 14. The stock of Appian Corp (NASDAQ:APPN) earned “Market Perform” rating by Cowen & Co on Monday, October 2. The stock of Appian Corp (NASDAQ:APPN) earned “Hold” rating by KeyBanc Capital Markets on Monday, June 19. As per Friday, August 4, the company rating was maintained by Canaccord Genuity. The rating was maintained by Cowen & Co with “Buy” on Friday, August 4. The rating was maintained by KeyBanc Capital Markets on Monday, September 18 with “Sector Weight”.

More notable recent Appian Corp (NASDAQ:APPN) news were published by: Bizjournals.com which released: “Appian has a new major shareholder — and it’s snapping up piles of stock” on June 09, 2017, also Seekingalpha.com with their article: “Appian Corp. IPO Appears To Be Shaping Up Well” published on May 24, 2017, Bizjournals.com published: “Here’s Appian’s target IPO price” on May 12, 2017. More interesting news about Appian Corp (NASDAQ:APPN) were released by: Marketwatch.com and their article: “24.26” published on April 28, 2017 as well as Seekingalpha.com‘s news article titled: “Appian Provides Terms On $75 Million IPO” with publication date: May 15, 2017.

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