Today’s Stock On Watch: Skullcandy Incorporated (NASDAQ:SKUL) on Focus After Report of More Shorts

November 16, 2016 - By Vivian Park   ·   0 Comments

Today's Stock On Watch: Skullcandy Incorporated (NASDAQ:SKUL) on Focus After Report of More Shorts

The stock of Skullcandy Incorporated (NASDAQ:SKUL) registered an increase of 81.18% in short interest. SKUL’s total short interest was 233,000 shares in November as published by FINRA. Its up 81.18% from 128,600 shares, reported previously. With 231,000 shares average volume, it will take short sellers 1 days to cover their SKUL’s short positions. The short interest to Skullcandy Incorporated’s float is 1.18%. The stock closed at $6.35 during the last session. It is down 75.90% since March 1, 2016 and is uptrending. It has outperformed by 71.21% the S&P500.

Skullcandy, Inc. creates audio experiences through its Skullcandy and Astro Gaming brands. The company has a market cap of $182.25 million. The Firm operates in two divisions: Domestic and International. It has a 114.95 P/E ratio. The Domestic segment consists of Skullcandy and Astro Gaming product sales to clients in the United States.

Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 0.35, from 1.07 in 2016Q1. The ratio turned negative, as 27 funds sold all Skullcandy Inc shares owned while 30 reduced positions. 24 funds bought stakes while 17 increased positions. They now own 12.91 million shares or 28.80% less from 18.13 million shares in 2016Q1.
Goldman Sachs Inc has 50,596 shares for 0% of their US portfolio. Citigroup last reported 0% of its portfolio in the stock. Dimensional Fund Advsr Lp last reported 1.60M shares in the company. Moreover, Eagle Global Advsr Ltd Co has 0% invested in Skullcandy Inc (NASDAQ:SKUL) for 14,250 shares. Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.04% of its portfolio in Skullcandy Inc (NASDAQ:SKUL). Kennedy Capital Mgmt Inc has invested 0.06% of its portfolio in Skullcandy Inc (NASDAQ:SKUL). Jacobs Levy Equity Mgmt holds 50,630 shares or 0.01% of its portfolio. Blackrock Fund Advsr accumulated 0% or 58,554 shares. Nationwide Fund accumulated 0% or 12,739 shares. The California-based Blackrock Institutional Trust Na has invested 0% in Skullcandy Inc (NASDAQ:SKUL). Gabelli Funds Ltd last reported 0% of its portfolio in the stock. Signia Cap Mngmt Ltd last reported 386,467 shares in the company. Cornerstone Capital Mngmt last reported 12,200 shares in the company. State Street, a Massachusetts-based fund reported 10,409 shares. S Muoio Ltd Liability Corporation has invested 0.58% of its portfolio in Skullcandy Inc (NASDAQ:SKUL).

Insider Transactions: Since May 19, 2016, the stock had 0 insider purchases, and 18 selling transactions for $3.58 million net activity. PTARMAGIN – LLC sold $229,125 worth of Skullcandy Inc (NASDAQ:SKUL) on Thursday, July 14. ALDEN RICK had sold 25,000 shares worth $113,750 on Tuesday, June 14.

Skullcandy Inc (NASDAQ:SKUL) Ratings Coverage

Out of 6 analysts covering Skullcandy (NASDAQ:SKUL), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Skullcandy has been the topic of 13 analyst reports since August 9, 2015 according to StockzIntelligence Inc. The rating was downgraded by Jefferies to “Hold” on Friday, November 6. Oppenheimer maintained the shares of SKUL in a report on Monday, January 18 with “Outperform” rating. The stock of Skullcandy Inc (NASDAQ:SKUL) has “Buy” rating given on Tuesday, January 12 by Wunderlich. Oppenheimer maintained Skullcandy Inc (NASDAQ:SKUL) on Friday, January 15 with “Outperform” rating. DA Davidson maintained Skullcandy Inc (NASDAQ:SKUL) rating on Tuesday, January 5. DA Davidson has “Buy” rating and $6.0 price target. TH Capital maintained Skullcandy Inc (NASDAQ:SKUL) on Tuesday, January 12 with “Buy” rating. The rating was maintained by Sterne Agee CRT with “Buy” on Sunday, August 9. Oppenheimer initiated Skullcandy Inc (NASDAQ:SKUL) on Wednesday, December 30 with “Outperform” rating.

More notable recent Skullcandy Inc (NASDAQ:SKUL) news were published by: Wsj.com which released: “Skullcandy Gets Buyout Offer From Private-Equity Firm” on June 27, 2016, also Fool.com with their article: “Revenue and Profits Slump at Skullcandy Inc.” published on March 03, 2016, Ocbj.com published: “Incipio Ends Skullcandy Pursuit” on August 25, 2016. More interesting news about Skullcandy Inc (NASDAQ:SKUL) were released by: Fool.com and their article: “Skullcandy Inc. Cuts Guidance as Currency Issues Weigh on Results” published on November 08, 2015 as well as Equitiesfocus.com‘s news article titled: “Skullcandy, Inc. (NASDAQ:SKUL) PEG Ratio At 0.00” with publication date: November 15, 2016.

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By Vivian Park


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