Short Interest in Equinix, Inc. (NASDAQ:EQIX) Increases By 5.2%

Equinix, Inc. (NASDAQ:EQIX - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,820,000 shares, a growth of 5.2% from the December 15th total of 1,730,000 shares. Based on an average daily trading volume, of 494,100 shares, the days-to-cover ratio is presently 3.7 days.

Equinix Price Performance

Equinix stock traded down $4.30 during mid-day trading on Monday, reaching $915.59. The company had a trading volume of 623,359 shares, compared to its average volume of 411,459. The company has a market capitalization of $88.35 billion, a P/E ratio of 82.56, a P/E/G ratio of 2.12 and a beta of 0.73. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock's 50-day simple moving average is $941.64 and its 200-day simple moving average is $877.60. Equinix has a 1 year low of $684.14 and a 1 year high of $994.03.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were given a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.86%. Equinix's payout ratio is 153.65%.

Insider Activity at Equinix

In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the sale, the chief financial officer now owns 18,966 shares of the company's stock, valued at approximately $18,419,399.88. This trade represents a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 100 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the transaction, the director now owns 17,794 shares of the company's stock, valued at approximately $15,854,454. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,412 shares of company stock valued at $18,826,100 over the last quarter. 0.27% of the stock is owned by insiders.

Institutional Trading of Equinix

Several large investors have recently bought and sold shares of the company. Verde Capital Management lifted its holdings in shares of Equinix by 11.1% in the fourth quarter. Verde Capital Management now owns 2,191 shares of the financial services provider's stock valued at $2,065,000 after purchasing an additional 219 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its position in shares of Equinix by 3.6% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 5,947 shares of the financial services provider's stock worth $5,608,000 after purchasing an additional 205 shares during the last quarter. Mutual Advisors LLC raised its position in shares of Equinix by 14.5% during the 4th quarter. Mutual Advisors LLC now owns 788 shares of the financial services provider's stock worth $725,000 after purchasing an additional 100 shares during the last quarter. Wendell David Associates Inc. lifted its stake in Equinix by 38.9% in the 4th quarter. Wendell David Associates Inc. now owns 4,101 shares of the financial services provider's stock valued at $3,867,000 after buying an additional 1,149 shares in the last quarter. Finally, Phillips Wealth Planners LLC grew its holdings in Equinix by 18.3% during the 4th quarter. Phillips Wealth Planners LLC now owns 725 shares of the financial services provider's stock valued at $652,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Equinix from $950.00 to $975.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Hsbc Global Res upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 4th. Truist Financial lifted their price objective on shares of Equinix from $935.00 to $1,090.00 and gave the company a "buy" rating in a research note on Friday, November 29th. HSBC upgraded shares of Equinix from a "hold" rating to a "buy" rating and increased their target price for the stock from $865.00 to $1,000.00 in a research note on Friday, October 4th. Finally, Evercore ISI boosted their price target on Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $976.81.

About Equinix

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.