Short Interest in Vimeo, Inc. (NASDAQ:VMEO) Drops By 25.1% – ETF Daily News

Vimeo, Inc. (NASDAQ:VMEO) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 5,010,000 shares, a decrease of 25.1% from the November 30th total of 6,690,000 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 2,050,000 shares, the short-interest ratio is presently 2.4 days. VMEO has been the topic of several recent research reports. Wells Fargo & Company initiated coverage on shares of Vimeo in a report on Wednesday, September 22nd. They issued an “overweight” rating and a $47.00 price target on the stock. BMO Capital Markets reduced their price target on shares of Vimeo from $28.00 to $21.00 and set a “market perform” rating on the stock in a report on Wednesday, December 8th. Zacks Investment Research raised shares of Vimeo from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Friday. Piper Sandler reissued an “overweight” rating and set a $33.00 price objective (down previously from $37.00) on shares of Vimeo in a research note on Wednesday, November 17th. Finally, JPMorgan Chase & Co. reduced their price objective…
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