What’s in Internap Corporation (NASDAQ:INAP) After Rise in Shorted Shares?

Internap Corporation (NASDAQ:INAP) Logo

Investors sentiment is 0 in 2019 Q2. Its the same as in 2019Q1. It is flat, as 0 investors sold Internap Corporation shares while 0 reduced holdings. only 1 funds opened positions while 0 raised stakes. 750,000 shares or 149900.00% more from 500 shares in 2019Q1 were reported.
374,500 are owned by Eidelman Virant. West Oak Capital Ltd Com invested in 0% or 500 shares.

The stock of Internap Corporation (NASDAQ:INAP) registered an increase of 1.62% in short interest. INAP’s total short interest was 6.40M shares in September as published by FINRA. Its up 1.62% from 6.29M shares, reported previously. With 431,300 shares average volume, it will take short sellers 15 days to cover their INAP’s short positions. The short interest to Internap Corporation’s float is 26.44%.

The stock increased 1.61% or $0.035 during the last trading session, reaching $2.205. About 232,855 shares traded. Internap Corporation (NASDAQ:INAP) has declined 69.15% since September 13, 2018 and is downtrending. It has underperformed by 69.15% the S&P500.

Internap Corporation operates as a technology well-known provider of Internet infrastructure services. The company has market cap of $58.98 million. It operates through two business divisions, Data Center and Network Services, and Cloud and Hosting Services. It currently has negative earnings. The Data Center and Network Services segment offers colocation services, including physical space within data centers and related services, such as power, interconnection, environmental controls, monitoring, and security; and Internet protocol connectivity services comprising its patented Performance IP and content delivery network services, IP routing hardware and software platforms, and Managed Internet Route Optimizer controllers.

More notable recent Internap Corporation (NASDAQ:INAP) news were published by: Seekingalpha.com which released: “Internap Corporation 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 06, 2019, also Globenewswire.com with their article: “Global Payments Industry Leader Expands Partnership with INAP for Cloud Security – GlobeNewswire” published on July 17, 2019, Nasdaq.com published: “INAP Reports Second Quarter 2019 Financial Results – Nasdaq” on August 06, 2019. More interesting news about Internap Corporation (NASDAQ:INAP) were released by: Globenewswire.com and their article: “INAP Announces Expanded Bare Metal Solutions for Sovrn – GlobeNewswire” published on May 20, 2019 as well as Globenewswire.com‘s news article titled: “INAP to Acquire SingleHop Nasdaq:INAP – GlobeNewswire” with publication date: January 29, 2018.

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