Short Interest Reporting: Summer Infant Incorporated (NASDAQ:SUMR) Has Decline in Shorts

November 16, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Reporting: Summer Infant Incorporated (NASDAQ:SUMR) Has Decline in Shorts

The stock of Summer Infant Incorporated (NASDAQ:SUMR) registered a decrease of 22.76% in short interest. SUMR’s total short interest was 22,400 shares in November as published by FINRA. Its down 22.76% from 29,000 shares, reported previously. With 40,700 shares average volume, it will take short sellers 1 days to cover their SUMR’s short positions. The short interest to Summer Infant Incorporated’s float is 0.27%. The stock increased 4.03% or $0.07 on November 16, hitting $1.88. About 433,944 shares traded hands or 2683.48% up from the average. Summer Infant, Inc. (NASDAQ:SUMR) has risen 13.66% since April 14, 2016 and is uptrending. It has outperformed by 8.98% the S&P500.

Summer Infant, Inc. is an infant and juvenile products company. The company has a market cap of $32.94 million. The Firm creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. It currently has negative earnings. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products.

Insitutional Activity: The institutional sentiment decreased to 0.5 in Q2 2016. Its down 0.63, from 1.13 in 2016Q1. The ratio turned negative, as 6 funds sold all Summer Infant, Inc. shares owned while 4 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 8.93 million shares or 1.51% less from 9.07 million shares in 2016Q1.
Wynnefield holds 4.10M shares or 2.46% of its portfolio. Bank & Trust Of America De last reported 0% of its portfolio in the stock. Geode Cap Limited Liability Corp last reported 73,827 shares in the company. The Pennsylvania-based First Trust has invested 0% in Summer Infant, Inc. (NASDAQ:SUMR). Perkins Management, a Minnesota-based fund reported 37,500 shares. Vanguard Grp holds 0% or 322,210 shares in its portfolio. Walleye Trading Limited Liability Corp has 681 shares for 0% of their US portfolio. Tocqueville Asset Mngmt L P owns 1.49 million shares or 0.03% of their US portfolio. Commonwealth Equity Services holds 0% or 33,782 shares in its portfolio. Price T Rowe Assocs Md has invested 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR). State Of New Jersey Common Pension Fund D holds 0% or 548,000 shares in its portfolio. Morgan Stanley has 4,450 shares for 0% of their US portfolio. Blackrock Fund accumulated 6,279 shares or 0% of the stock. Moreover, Tower Research Capital Limited Liability Corporation (Trc) has 0% invested in Summer Infant, Inc. (NASDAQ:SUMR) for 1,048 shares. California Public Employees Retirement Sys holds 0% or 134,830 shares in its portfolio.

Insider Transactions: Since August 5, 2016, the stock had 13 insider buys, and 1 sale for $1.34 million net activity. WYNNEFIELD PARTNERS SMALL CAP VALUE LP bought 60,000 shares worth $131,500. Marino Robin L had bought 30,243 shares worth $56,702 on Wednesday, November 9. The insider MOTE WILLIAM E JR sold $7,355.

SUMR Company Profile

Summer Infant, Inc. (Summer), incorporated on December 9, 2004, is an infant and juvenile products company. The Firm creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. The Firm operates across various marketplaces, selling its products to national retailers, as well as independent retailers, and on the Internet through third-party Websites and its own summerinfant.com Website. It also sells through international distributors, representatives and to international retail clients in geographic locations. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products. The Company’s portfolio of brands, under which it markets all of its products, includes Summer Infant, Born Free, SwaddleMe and Kiddopotamus.

Another recent and important Summer Infant, Inc. (NASDAQ:SUMR) news was published by Prnewswire.com which published an article titled: “Summer Infant and GOOD+ Foundation Launch the Sharing Is Caring Social Charity …” on November 14, 2016.

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By Hazel Jackson

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