Wix.com Ltd. (NASDAQ:WIX) Short Interest Up 29.2% in December

Wix.com Ltd. (NASDAQ:WIX - Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,550,000 shares, a growth of 29.2% from the December 15th total of 1,200,000 shares. Based on an average daily volume of 541,200 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.9% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

WIX has been the topic of several research reports. Piper Sandler increased their price target on shares of Wix.com from $200.00 to $249.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Barclays increased their price objective on shares of Wix.com from $184.00 to $236.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Evercore ISI upgraded shares of Wix.com to a "strong-buy" rating in a research report on Thursday, November 21st. StockNews.com raised shares of Wix.com from a "hold" rating to a "buy" rating in a report on Saturday, November 23rd. Finally, Jefferies Financial Group lifted their price objective on Wix.com from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Wix.com presently has an average rating of "Moderate Buy" and a consensus target price of $225.82.

Wix.com Stock Performance

Shares of NASDAQ:WIX traded down $0.12 during midday trading on Thursday, reaching $241.72. 721,111 shares of the company's stock traded hands, compared to its average volume of 865,921. The company has a market cap of $13.25 billion, a P/E ratio of 151.08, a PEG ratio of 2.53 and a beta of 1.56. The company has a fifty day simple moving average of $215.20 and a two-hundred day simple moving average of $180.59. Wix.com has a 1 year low of $117.58 and a 1 year high of $246.83.

Hedge Funds Weigh In On Wix.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WIX. Dorsal Capital Management LP raised its position in shares of Wix.com by 23.8% during the 2nd quarter. Dorsal Capital Management LP now owns 1,300,000 shares of the information services provider's stock worth $206,791,000 after purchasing an additional 250,000 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Wix.com by 545.7% during the third quarter. Captrust Financial Advisors now owns 238,465 shares of the information services provider's stock valued at $39,864,000 after acquiring an additional 201,532 shares during the last quarter. Whale Rock Capital Management LLC lifted its position in shares of Wix.com by 31.6% in the third quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider's stock valued at $115,475,000 after acquiring an additional 165,810 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Wix.com in the second quarter worth approximately $13,646,000. Finally, Polar Asset Management Partners Inc. increased its position in shares of Wix.com by 192.9% during the third quarter. Polar Asset Management Partners Inc. now owns 98,500 shares of the information services provider's stock worth $16,466,000 after purchasing an additional 64,869 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.

About Wix.com

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.