Does Okta Inc – Class A (NASDAQ:OKTA) Have Gas After Even Less Sellers Involved?

October 11, 2018 - By Hazel Jackson

The stock of Okta Inc – Class A (NASDAQ:OKTA) registered a decrease of 21.66% in short interest. OKTA’s total short interest was 4.75 million shares in October as published by FINRA. Its down 21.66% from 6.07M shares, reported previously. With 879,500 shares average volume, it will take short sellers 5 days to cover their OKTA’s short positions. The short interest to Okta Inc – Class A’s float is 5.68%.

The stock increased 0.42% or $0.23 during the last trading session, reaching $55.65. About 1.07M shares traded. Okta, Inc. (NASDAQ:OKTA) has risen 152.28% since October 11, 2017 and is uptrending. It has outperformed by 136.66% the S&P500.

Okta, Inc. operates an integrated system that connects persons via devices. The company has market cap of $6.08 billion. The companyÂ’s identity cloud connects various companies to pre-integrated apps and devices every day. It currently has negative earnings. It offers single sign-on, mobility management, adaptive multi-factor authentication, lifecycle management, and universal directory products for IT customers; and complete authentication, user management, flexible administration, API access management, and developer tools for developers.

More important recent Okta, Inc. (NASDAQ:OKTA) news were published by: Nasdaq.com which released: “Why Okta Inc. Stock Climbed 14% Last Month” on October 03, 2018, also Nasdaq.com published article titled: “2 Reasons Okta Can Keep Up Its Strong Growth”, Seekingalpha.com published: “Billion-Dollar Unicorns: Okta Faces Tougher Competition From Cisco” on October 06, 2018. More interesting news about Okta, Inc. (NASDAQ:OKTA) was released by: Fool.com and their article: “What’s Behind Okta’s Blowout Earnings?” with publication date: September 16, 2018.

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