Medidata Solutions Inc (NASDAQ:MDSO) Shorted Shares Increased 4.52% After Market Selling

March 21, 2018 - By Louis Casey

 Medidata Solutions Inc (NASDAQ:MDSO) Shorted Shares Increased 4.52% After Market Selling

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.06, from 1.17 in 2017Q2. It improved, as 38 investors sold Medidata Solutions, Inc. shares while 60 reduced holdings. 33 funds opened positions while 88 raised stakes. 59.30 million shares or 4.96% more from 56.50 million shares in 2017Q2 were reported.
Private Advisors holds 0.2% of its portfolio in Medidata Solutions, Inc. (NASDAQ:MDSO) for 7,400 shares. Bnp Paribas Arbitrage reported 26,361 shares. 4.69 million are held by Vanguard Group Incorporated. Minnesota-based Foundry Ltd Liability Corporation has invested 0.2% in Medidata Solutions, Inc. (NASDAQ:MDSO). Quantitative Investment Mgmt Ltd Com reported 91,500 shares. Fortaleza Asset Management invested in 1,985 shares. Goldman Sachs Gp has 508,606 shares for 0.01% of their portfolio. Aqr Capital Mngmt Ltd Liability Com holds 0% of its portfolio in Medidata Solutions, Inc. (NASDAQ:MDSO) for 20,735 shares. Yorktown Mgmt And reported 0.09% stake. Stifel Fincl Corp accumulated 253,772 shares. Polen Cap Limited Liability reported 0% in Medidata Solutions, Inc. (NASDAQ:MDSO). Dimensional Fund Advsrs Limited Partnership owns 93,853 shares for 0% of their portfolio. Zevenbergen Invs Lc stated it has 388,519 shares. Hightower Advsr has 10,854 shares for 0.01% of their portfolio. Acadian Asset Management Lc has 85 shares.

Since December 19, 2017, it had 0 insider buys, and 7 sales for $4.44 million activity. 26,836 shares were sold by de Vries Glen Michael, worth $1.88M on Friday, March 9. Sherif Tarek sold $1.89 million worth of Medidata Solutions, Inc. (NASDAQ:MDSO) on Monday, March 12.

The stock of Medidata Solutions Inc (NASDAQ:MDSO) registered an increase of 4.52% in short interest. MDSO’s total short interest was 7.16M shares in March as published by FINRA. Its up 4.52% from 6.85 million shares, reported previously. With 538,600 shares average volume, it will take short sellers 13 days to cover their MDSO’s short positions. The short interest to Medidata Solutions Inc’s float is 13.12%.

The stock decreased 0.23% or $0.15 during the last trading session, reaching $65.3. About 715,754 shares traded or 29.85% up from the average. Medidata Solutions, Inc. (NASDAQ:MDSO) has risen 68.37% since March 21, 2017 and is uptrending. It has outperformed by 51.67% the S&P500.

Medidata Solutions, Inc. provides cloud solutions for life sciences worldwide. The company has market cap of $3.83 billion. It offers Medidata Clinical Cloud that provides a software-as-a-service platform of technology and data analytics solutions to optimize activities across clinical development. It has a 88.24 P/E ratio. The companyÂ’s platform solutions includes Plan Study that addresses the areas to ensure optimal study design, grant development and negotiation, and investigator payments; and Support Sites, which provides robust risk management, reduced source document verification, real-time monitoring, on-time, accurate payments.

Medidata Solutions, Inc. (NASDAQ:MDSO) Ratings Coverage

Among 17 analysts covering Medidata Solutions Inc. (NASDAQ:MDSO), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Medidata Solutions Inc. had 43 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Dougherty given on Monday, November 13. The rating was maintained by Morgan Stanley on Friday, February 9 with “Overweight”. The firm earned “Hold” rating on Friday, September 25 by Topeka Capital Markets. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, October 28 report. The firm has “Hold” rating by Jefferies given on Friday, June 16. KeyBanc Capital Markets maintained the shares of MDSO in report on Sunday, October 22 with “Buy” rating. On Sunday, September 17 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Jefferies maintained it with “Hold” rating and $78.0 target in Thursday, September 28 report. The stock of Medidata Solutions, Inc. (NASDAQ:MDSO) earned “Buy” rating by Needham on Friday, February 10. On Thursday, July 21 the stock rating was downgraded by Wells Fargo to “Market Perform”.

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