Short Interest in New Relic Inc (NYSE:NEWR) Increases By 22.9%

Source: sundanceherald.com New Relic Inc (NYSE:NEWR) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 3,112,700 shares, an increase of 22.9% from the July 15th total of 2,532,900 shares. Approximately 6.5% of the shares of the company are short sold. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is currently 2.5 days. New Relic stock opened at $56.31 on Thursday. The stock has a market capitalization of

New Relic (NYSE:NEWR) Rating Reiterated by KeyCorp

Source: rivertonroll.com New Relic (NYSE:NEWR)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a report issued on Wednesday, August 7th, TipRanks reports. NEWR has been the subject of a number of other research reports. Zacks Investment Research raised shares of New Relic from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Needham & Company LLC set a $120.00 price objective on shares of New Relic and gave the company a