Today’s Short Interest Alert: What Next for Snap ON (NYSE:SNA) Stock After Increase in Shorted Shares?

November 16, 2016 - By Dolores Ford   ·   0 Comments

Today's Short Interest Alert: What Next for Snap ON (NYSE:SNA) Stock After Increase in Shorted Shares?

The stock of Snap ON (NYSE:SNA) registered an increase of 15.45% in short interest. SNA’s total short interest was 3.84 million shares in November as published by FINRA. Its up 15.45% from 3.33 million shares, reported previously. With 454,200 shares average volume, it will take short sellers 9 days to cover their SNA’s short positions. The short interest to Snap ON’s float is 6.67%. Snap-on Incorporated (NYSE:SNA) has risen 4.85% since April 14, 2016 and is uptrending. It has outperformed by 0.17% the S&P500.

Snap-On Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The company has a market cap of $9.81 billion. The Company’s divisions include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. It has a 18.76 P/E ratio. The Company’s Commercial & Industrial Group segment consists of business serving a range of industrial and commercial clients across the world.

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.04, from 1 in 2016Q1. The ratio increased, as 37 funds sold all Snap-on Incorporated shares owned while 175 reduced positions. 47 funds bought stakes while 174 increased positions. They now own 48.14 million shares or 3.06% less from 49.66 million shares in 2016Q1.
Moreover, Washington Tru Bancshares has 0% invested in Snap-on Incorporated (NYSE:SNA) for 11 shares. Bridgewater Assoc Ltd Partnership accumulated 0.01% or 5,300 shares. Deere And has 2,617 shares for 0.02% of their US portfolio. Blackrock Inc holds 0.06% or 258,600 shares in its portfolio. Raymond James Advisors Incorporated owns 2,717 shares or 0% of their US portfolio. Stevens First Principles Invest Advisors accumulated 0% or 22 shares. The Kansas-based Vsr Finance Service has invested 0.06% in Snap-on Incorporated (NYSE:SNA). Nomura Asset Limited has 20,215 shares for 0.06% of their US portfolio. The California-based Los Angeles Capital Mgmt Equity Inc has invested 0.05% in Snap-on Incorporated (NYSE:SNA). Redmond Asset Mngmt Limited Liability Company accumulated 3,647 shares or 0.29% of the stock. Twin Management last reported 0.35% of its portfolio in the stock. Dekabank Deutsche Girozentrale has 0.01% invested in the company for 4,352 shares. Blair William And Il owns 40,010 shares or 0.06% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt has 0.03% invested in the company for 4,200 shares. Texas Yale Cap last reported 0.09% of its portfolio in the stock.

Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 6 insider sales for $8.17 million net activity. 500 shares with value of $77,500 were sold by MORENO JEANNE M on Wednesday, August 24. Ward Thomas J also sold $6.37M worth of Snap-on Incorporated (NYSE:SNA) shares. $790,386 worth of Snap-on Incorporated (NYSE:SNA) was sold by Johnsen Constance. KASSOUF THOMAS L. had sold 2,000 shares worth $306,590 on Thursday, August 18. Boyd Iain sold $552,882 worth of stock.

Snap-on Incorporated (NYSE:SNA) Ratings Coverage

Out of 4 analysts covering Snap-on (NYSE:SNA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Snap-on has been the topic of 7 analyst reports since August 20, 2015 according to StockzIntelligence Inc. As per Monday, October 5, the company rating was upgraded by Longbow. The rating was downgraded by Zacks to “Buy” on Thursday, August 20. The firm has “Buy” rating given on Tuesday, June 28 by CL King. On Tuesday, October 20 the stock rating was initiated by Jefferies with “Hold”.

SNA Company Profile

Snap-On Incorporated (SNAP-ON), incorporated on April 7, 1930, is a maker and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Company’s services and products include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers. The Company’s divisions include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. The Firm serves its clients in various industries, including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education.

Another recent and important Snap-on Incorporated (NYSE:SNA) news was published by Investorplace.com which published an article titled: “Best Stocks of 2016: Snap-On Incorporated (SNA) Stock Is a Steal” on October 12, 2016.

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By Dolores Ford


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