Short Interest Worth Mentioning: What’s Ahead for Stericycle Incorporated (NASDAQ:SRCL) After More Shorted Shares?

November 16, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Worth Mentioning: What’s Ahead for Stericycle Incorporated (NASDAQ:SRCL) After More Shorted Shares?

The stock of Stericycle Incorporated (NASDAQ:SRCL) registered an increase of 7.53% in short interest. SRCL’s total short interest was 4.97 million shares in November as published by FINRA. Its up 7.53% from 4.62M shares, reported previously. With 1.11 million shares average volume, it will take short sellers 5 days to cover their SRCL’s short positions. The short interest to Stericycle Incorporated’s float is 5.92%. About 293,097 shares traded hands. Stericycle Inc (NASDAQ:SRCL) has declined 40.01% since April 14, 2016 and is downtrending. It has underperformed by 44.70% the S&P500.

Stericycle, Inc. is a business-to-business services well-known provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The company has a market cap of $6.39 billion. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services. It has a 27.21 P/E ratio. It operates regulated waste management networks in the United States and over 20 other countries.

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.14, from 1.05 in 2016Q1. The ratio worsened, as 61 funds sold all Stericycle Inc shares owned while 218 reduced positions. 67 funds bought stakes while 186 increased positions. They now own 75.40 million shares or 8.40% less from 82.31 million shares in 2016Q1.
Winslow Evans & Crocker has 0% invested in the company for 5,250 shares. Endurant Mngmt Lp accumulated 0.77% or 22,200 shares. Edge Asset Management Inc reported 85,570 shares or 0.08% of all its holdings. Public Employees Retirement Association Of Colorado accumulated 17,670 shares or 0.02% of the stock. Marble Harbor Investment Counsel Llc last reported 0.86% of its portfolio in the stock. Chevy Chase Inc accumulated 75,359 shares or 0.04% of the stock. Deere & accumulated 3,821 shares or 0.02% of the stock. State Street Corporation last reported 0.04% of its portfolio in the stock. De Burlo Gru holds 0.5% of its portfolio in Stericycle Inc (NASDAQ:SRCL) for 19,884 shares. Sumitomo Mitsui Asset Co last reported 6,316 shares in the company. Mitchell Sinkler Starr Pa has invested 0.43% of its portfolio in Stericycle Inc (NASDAQ:SRCL). Hikari Power Ltd holds 1.45% of its portfolio in Stericycle Inc (NASDAQ:SRCL) for 120,700 shares. City holds 0% of its portfolio in Stericycle Inc (NASDAQ:SRCL) for 36 shares. Kbc Group Nv owns 5,179 shares or 0.01% of their US portfolio. Kistler holds 0.02% or 299 shares in its portfolio.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 5 insider sales for $9.73 million net activity. Dammeyer Rodney F also sold $871,085 worth of Stericycle Inc (NASDAQ:SRCL) on Wednesday, August 17. MILLER MARK C sold 34,835 shares worth $3.64M. $114,431 worth of Stericycle Inc (NASDAQ:SRCL) was sold by Schetz John P.

Stericycle Inc (NASDAQ:SRCL) Ratings Coverage

Out of 12 analysts covering Stericycle (NASDAQ:SRCL), 3 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 25% are positive. Stericycle has been the topic of 31 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded Stericycle Inc (NASDAQ:SRCL) on Thursday, November 3 to “Sell” rating. The stock of Stericycle Inc (NASDAQ:SRCL) earned “Hold” rating by Stifel Nicolaus on Friday, April 29. As per Wednesday, October 5, the company rating was maintained by Barrington Research. The stock of Stericycle Inc (NASDAQ:SRCL) has “Market Perform” rating given on Friday, April 29 by Raymond James. The firm has “Underperform” rating given on Monday, September 19 by RBC Capital Markets. The company was downgraded on Friday, October 23 by Oppenheimer. Imperial Capital maintained Stericycle Inc (NASDAQ:SRCL) on Monday, October 26 with “In-Line” rating. The rating was maintained by Wedbush on Thursday, September 22 with “Neutral”. On Monday, May 2 the stock rating was maintained by Wedbush with “Neutral”. Imperial Capital maintained Stericycle Inc (NASDAQ:SRCL) on Thursday, May 26 with “In-Line” rating.

SRCL Company Profile

Stericycle, Inc., incorporated on March 21, 1989, is a business-to-business services well-known provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services. The Firm operates regulated waste management networks in the United States and over 20 other countries. It operates through two geographical divisions: United States and International. The Company’s networks include a total of approximately 250 processing facilities, over 360 transfer sites and over 140 other service facilities. The Company’s regulated waste processing treatments or technologies are autoclaving and incineration.

Another recent and important Stericycle Inc (NASDAQ:SRCL) news was published by Fool.com which published an article titled: “Share Repurchases Help Stericycle Inc Clean Up Q3” on October 28, 2016.

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By Dolores Ford


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