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Zoom Video Communications Inc (ZM) Sees Large Increase in Short Interest

Zoom Video Communications Inc (ZM) Sees Large Increase in Short Interest Posted by Adam Dyson on May 25th, 2019

Zoom Video Communications Inc (NASDAQ:ZM) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 3,597,525 shares, a growth of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 5,880,014 shares, the days-to-cover ratio is currently 0.6 days. Currently, 22.5% of the shares of the stock are short sold.

In other news, Director Carl M. Eschenbach sold 828,437 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $34.20, for a total transaction of $28,332,545.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link . Also, insider Janine Pelosi sold 81,668 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $36.00, for a total transaction of $2,940,048.00. The disclosure for this sale can be found here . Insiders sold a total of 2,405,918 shares of company stock worth $83,480,215 over the last quarter. Get Zoom Video Communications alerts:

Zoom Video Communications stock opened at $76.25 on Friday. Zoom Video Communications has a twelve month low of $59.94 and a twelve month high of $91.46. ZM has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on shares of Zoom Video Communications in a report on Monday, May 13th. They set a “sector weight” rating on the stock. Summit Insights initiated coverage on shares of Zoom Video Communications in a report on Monday, April 22nd. They set a “sell” rating on the stock. Morgan Stanley started coverage on shares of Zoom Video Communications in a report on Monday, May 13th. They set an “equal weight” rating and a $75.00 price target on the stock. Wells Fargo & Co started coverage on shares of Zoom Video Communications in a research note on Monday, May 13th. They issued a “market perform” rating and a $75.00 price objective on the stock. Finally, Royal Bank of Canada started coverage on shares of Zoom Video Communications in a research note on Monday, May 13th. They issued a “sector perform” rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $76.82. ILLEGAL ACTIVITY NOTICE: “Zoom Video Communications Inc (ZM) Sees Large Increase in Short Interest” was published by WKRB News and is the property of of WKRB News. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.wkrb13.com/2019/05/25/zoom-video-communications-inc-zm-sees-large-increase-in-short-interest.html.

About Zoom Video Communications

Zoom Video Communications, Inc provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.