Mar 28, 2016

Posted by in Stock Reports | 0 Comments

Key Short Interest Changes in NASDAQ Stocks: Synaptics Inc. (SYNA), B/E Aerospace Inc. (BEAV), Chimerix, Inc. (CMRX)

Key Short Interest Changes in NASDAQ Stocks: Synaptics Inc. (SYNA), B/E Aerospace Inc. (BEAV), Chimerix, Inc. (CMRX)

Short interest is the number of shares shorted of a particular stock out of the total number of shares outstanding. It is also one of the indicators of investor sentiment toward a particular stock. If the short interest for a stock increases, it can be said a bearish sentiment prevails .i.e. investors expect the stock price to go down in the future. Meanwhile, if the short interest has lowered, it can be taken as a bullish signal and the stock price is expected to go up.

When you see a large short position on a stock, you would be wise to steer clear. There are some situations where large hordes of shorts are incorrect, but those are few and far between and you would need to have attained a great wealth of information to go long.

When shorts pile into a stock, it’s because they’re all seeing something that doesn’t look right: declining revenue growth, a swing to a loss with future losses likely, industry changes that will cripple a business, debts that can’t possibly be paid, and/or bad management. There can be other potential reasons as well, but these are the most common.

As of 15/03/2016 short interest for Synaptics Inc. (SYNA) stood at 4035658 shares, a decrease of -25810 shares or -0.64 percent compared to 4061468 shares on 29/02/2016. This short interest comprises 11 percent of the entire float. Short interest ratio now stands at 8.81 at the average volume of 458247 shares.

According to the latest short-interest data for the two-week period ended 15/03/2016 short interest for the stock of B/E Aerospace Inc. (BEAV) decreased from 7479953 shares at the end of the settlement date of 29/02/2016 to 6948788 shares, marking a decline of -531165 shares or -7.64 percent. The current short interest accounts for 7.46 percent of the company’s total outstanding common shares and the days-to-cover short interest ratio, on the other hand, is 4.54377 as of 15/03/2016 assuming average daily trading volume of 1529300 shares.

Short interest for the shares of Chimerix, Inc. (CMRX) rose 3.35 percent from 6046069 shares on 29/02/2016 to 6255592 shares on 15/03/2016. Investors have taken short positions on 13 percent of the total common shares of the stock that are floating on the exchange. The days-to-cover short interest ratio is now at 3.014227 days. It is based on average daily trading volume of 2075355 shares.

 

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