Follow The Short Interest: Can Tivo Corporation (NASDAQ:TIVO)’s Tomorrow Be Different? The Stock Had Decline in Shorts

November 17, 2016 - By Adrian Mccoy   ·   0 Comments

Follow The Short Interest: Can Tivo Corporation (NASDAQ:TIVO)’s Tomorrow Be Different? The Stock Had Decline in Shorts

The stock of Tivo Corporation (NASDAQ:TIVO) registered a decrease of 31.06% in short interest. TIVO’s total short interest was 5.18 million shares in November as published by FINRA. Its down 31.06% from 7.51M shares, reported previously. With 2.29 million shares average volume, it will take short sellers 2 days to cover their TIVO’s short positions. The stock last traded at $20.95 per share. It is down 15.87% since April 15, 2016 and is uptrending. It has outperformed by 11.25% the S&P500.

TiVo Corporation, formerly Titan Technologies Corporation, is a holding company. The company has a market cap of $2.53 billion. The Company’s subsidiaries include Rovi Corporation and TiVo Inc. It has a 35.79 P/E ratio. The Company, through TiVo Inc., is engaged in providing video technology software services and cloud software-as-a-service solutions.

Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. Its down 0.53, from 1.24 in 2016Q1. The ratio worsened, as 46 funds sold all TiVo Corp shares owned while 52 reduced positions. 35 funds bought stakes while 35 increased positions. They now own 73.29 million shares or 7.97% less from 79.63 million shares in 2016Q1.
Ubs Asset Mngmt Americas Inc holds 0% or 52,996 shares in its portfolio. Moreover, Omers Administration has 0.21% invested in TiVo Corp (NASDAQ:TIVO) for 1.04 million shares. Credit Suisse Ag holds 0% of its portfolio in TiVo Corp (NASDAQ:TIVO) for 203,323 shares. Manufacturers Life Ins The holds 0% of its portfolio in TiVo Corp (NASDAQ:TIVO) for 62,747 shares. First Trust Advsrs Lp owns 26,545 shares or 0% of their US portfolio. Alpine Prtn Vi Ltd Liability holds 0.91% of its portfolio in TiVo Corp (NASDAQ:TIVO) for 200,000 shares. Twin Focus Capital Prtn Ltd Com reported 100,000 shares or 0.78% of all its holdings. Morgan Stanley has 0% invested in the company for 893,078 shares. Royal National Bank & Trust Of Canada, a Ontario – Canada-based fund reported 173,336 shares. Blackrock Fund Advisors owns 2.43M shares or 0.01% of their US portfolio. Moreover, Nomura has 0.02% invested in TiVo Corp (NASDAQ:TIVO) for 496,317 shares. Legal And General Grp Public Limited Company, a United Kingdom-based fund reported 23,798 shares. Sei has invested 0.01% of its portfolio in TiVo Corp (NASDAQ:TIVO). Peak6 Invests Ltd Partnership accumulated 12,175 shares or 0% of the stock. Metropolitan Life Ins has 0.01% invested in the company for 68,505 shares.

Insider Transactions: Since July 11, 2016, the stock had 0 buys, and 8 sales for $3.89 million net activity. Another trade for 33,140 shares valued at $353,405 was made by MOLONEY DANIEL M on Friday, September 2. Cella William also sold $70,469 worth of TiVo Corp (NASDAQ:TIVO) on Monday, July 11. $559,895 worth of TiVo Corp (NASDAQ:TIVO) was sold by Kovar Pavel on Tuesday, September 6. Zinn Matthew sold 55,096 shares worth $616,651. Another trade for 39,328 shares valued at $426,111 was made by HINSON JEFFREY T. on Friday, September 2. On Tuesday, September 6 the insider CHOPRA NAVEEN K. sold $1.13 million.

TiVo Corp (NASDAQ:TIVO) Ratings Coverage

Out of 6 analysts covering TiVo (NASDAQ:TIVO), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. TiVo has been the topic of 9 analyst reports since September 8, 2015 according to StockzIntelligence Inc. Barrington Research maintained the shares of TIVO in a report on Friday, September 11 with “Outperform” rating. M Partners downgraded TiVo Corp (NASDAQ:TIVO) on Wednesday, June 1 to “Neutral” rating. On Wednesday, November 25 the stock rating was downgraded by Barrington Research to “Mkt Perform”. The stock of TiVo Corp (NASDAQ:TIVO) earned “Market Perform” rating by Albert Fried on Monday, May 2. Topeka Capital Markets downgraded the shares of TIVO in a report on Monday, May 2 to “Hold” rating. On Wednesday, November 25 the stock rating was maintained by M Partners with “Buy”. Barclays Capital maintained TiVo Corp (NASDAQ:TIVO) rating on Friday, December 11. Barclays Capital has “Equal-Weight” rating and $8 price target. On Tuesday, September 8 the stock rating was maintained by Topeka Capital Markets with “Buy”. The company was maintained on Wednesday, September 9 by FBR Capital.

TIVO Company Profile

TiVo Corporation, formerly Titan Technologies Corporation, is a holding company. The Company’s subsidiaries include Rovi Corporation and TiVo Inc. The Company, through TiVo Inc., is engaged in providing video technology software services and cloud software-as-a-service solutions. TiVo Inc.’s software and cloud services provide an approach for navigating content chaos by combining live, recorded, Video on Demand (VOD) content into an intuitive user interface with universal search, discovery, viewing and recording, and creating a unified viewing experience.

More notable recent TiVo Corp (NASDAQ:TIVO) news were published by: Nasdaq.com which released: “TIVo Corp. (TIVO) Q3 Earnings Impressive, Revenues Up Y/Y” on November 04, 2016, also Finance.Yahoo.com with their article: “Will TiVo Corp (TIVO) Disappoint Estimates in Q3 Earnings?” published on November 01, 2016, Reuters.com published: “BRIEF-Tivo Corp reports third quarter 2016 financial results” on November 03, 2016. More interesting news about TiVo Corp (NASDAQ:TIVO) were released by: Bloomberg.com and their article: “Rovi Said Nearing a Deal to Acquire DVR Pioneer TiVo Inc.” published on April 28, 2016 as well as Streetinsider.com‘s news article titled: “Form 425 TIVO INC Filed by: Rovi Corp” with publication date: September 02, 2016.

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By Adrian Mccoy


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