Follow The Short Interest: Sykes Enterprises (NASDAQ:SYKE)’s Trend Up, Especially After Decreased Shorts

November 17, 2016 - By Adrian Mccoy   ·   0 Comments

Follow The Short Interest: Sykes Enterprises (NASDAQ:SYKE)’s Trend Up, Especially After Decreased Shorts

The stock of Sykes Enterprises (NASDAQ:SYKE) registered a decrease of 4.98% in short interest. SYKE’s total short interest was 612,800 shares in November as published by FINRA. Its down 4.98% from 644,900 shares, reported previously. With 185,400 shares average volume, it will take short sellers 3 days to cover their SYKE’s short positions. The short interest to Sykes Enterprises’s float is 1.59%. The stock increased 1.22% or $0.33 during the last trading session, hitting $27.31. Sykes Enterprises, Incorporated (NASDAQ:SYKE) has declined 6.28% since April 15, 2016 and is downtrending. It has underperformed by 10.90% the S&P500.

Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing arena. The company has a market cap of $1.22 billion. The Firm provides an array of customer contact management solutions to a range of clients in communications, financial services, technology or consumer, transportation and leisure, healthcare and other industry verticals. It has a 17.95 P/E ratio. It has activities in two divisions: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa.

Insitutional Activity: The institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.06, from 0.9 in 2016Q1. The ratio improved, as 18 funds sold all Sykes Enterprises, Incorporated shares owned while 60 reduced positions. 17 funds bought stakes while 58 increased positions. They now own 35.56 million shares or 10.19% less from 39.60 million shares in 2016Q1.
Us Bankshares De last reported 4,655 shares in the company. Moreover, Kbc Group Nv has 0% invested in Sykes Enterprises, Incorporated (NASDAQ:SYKE) for 8,054 shares. Louisiana State Employees Retirement Sys has 17,200 shares for 0.03% of their US portfolio. Allianz Asset Management Ag holds 240,930 shares or 0% of its portfolio. Parkside Fin State Bank Tru has 1,525 shares for 0.02% of their US portfolio. Vanguard Gp Incorporated has invested 0.01% of its portfolio in Sykes Enterprises, Incorporated (NASDAQ:SYKE). Rhumbline Advisers accumulated 58,075 shares or 0% of the stock. Kennedy Mgmt accumulated 122,234 shares or 0.07% of the stock. Moreover, Aperio Gp Ltd Llc has 0.01% invested in Sykes Enterprises, Incorporated (NASDAQ:SYKE) for 28,324 shares. Alliancebernstein Limited Partnership has 53,682 shares for 0% of their US portfolio. The New Jersey-based Kcg Holding Incorporated has invested 0.01% in Sykes Enterprises, Incorporated (NASDAQ:SYKE). The Connecticut-based Tudor Invest Et Al has invested 0.01% in Sykes Enterprises, Incorporated (NASDAQ:SYKE). Lsv Asset Mgmt last reported 532,573 shares in the company. The New Jersey-based Prudential Financial has invested 0.01% in Sykes Enterprises, Incorporated (NASDAQ:SYKE). Grantham Mayo Van Otterloo & Company Ltd Llc, a Massachusetts-based fund reported 109,722 shares.

Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 4 insider sales for $2.27 million net activity. HOLDER JAMES T sold $100,790 worth of Sykes Enterprises, Incorporated (NASDAQ:SYKE) on Tuesday, August 9. 13,700 shares with value of $405,679 were sold by WHITING PAUL L on Thursday, August 18. MEURER WILLIAM J sold $307,021 worth of stock or 10,116 shares. Sykes Charles E sold $1.46 million worth of stock or 50,000 shares.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) Ratings Coverage

Out of 2 analysts covering Sykes Enterprises (NASDAQ:SYKE), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Sykes Enterprises has been the topic of 4 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Strong-Buy” rating given on Wednesday, August 5 by Zacks. Barrington Research initiated Sykes Enterprises, Incorporated (NASDAQ:SYKE) on Wednesday, January 20 with “Mkt Perform” rating. The company was upgraded on Tuesday, March 8 by Craig Hallum.

SYKE Company Profile

Sykes Enterprises, Incorporated (Sykes), incorporated on March 1, 1996, is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena. The Firm provides an array of customer contact management solutions to a range of clients, including various companies, medium-sized businesses and public institutions around the world, primarily in the communications, financial services, technology or consumer, transportation and leisure, healthcare and other industry verticals. The Firm has activities in two divisions: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa. The Company’s Americas and EMEA regions primarily provide customer contact management services (with an emphasis on inbound technical support and customer service), which include customer assistance, healthcare and roadside assistance, technical support and product sales to its clients customers. The Firm delivers its services through multiple communication channels, including phone, e-mail, social media, text messaging and chat.

Another recent and important Sykes Enterprises, Incorporated (NASDAQ:SYKE) news was published by Equitiesfocus.com which published an article titled: “Sykes Enterprises, Incorporated (NASDAQ:SYKE) 200-Day MA At $29.05” on November 13, 2016.

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By Adrian Mccoy


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