Follow The Short Interest: Will Swift Transportation Company (NYSE:SWFT) Run Out of Steam Soon? Short Interest is Up

November 17, 2016 - By Darrin Black   ·   0 Comments

Follow The Short Interest: Will Swift Transportation Company (NYSE:SWFT) Run Out of Steam Soon? Short Interest is Up

The stock of Swift Transportation Company (NYSE:SWFT) registered an increase of 2.33% in short interest. SWFT’s total short interest was 24.82M shares in November as published by FINRA. Its up 2.33% from 24.25 million shares, reported previously. With 3.01M shares average volume, it will take short sellers 8 days to cover their SWFT’s short positions. The short interest to Swift Transportation Company’s float is 36.28%. The stock decreased 0.36% or $0.09 during the last trading session, hitting $24.69. Swift Transportation Co (NYSE:SWFT) has risen 37.40% since April 15, 2016 and is uptrending. It has outperformed by 32.77% the S&P500.

Swift Transportation Company is a multi-faceted transportation services company, which operates the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The company has a market cap of $3.26 billion. The Firm operates in four divisions: Truckload, Dedicated, Swift Refrigerated and Intermodal. It has a 19.95 P/E ratio. The Truckload segment consists of one way movements over irregular routes throughout the United States, Mexico and Canada.

Insitutional Activity: The institutional sentiment increased to 0.89 in 2016 Q2. Its up 0.04, from 0.85 in 2016Q1. The ratio improved, as 37 funds sold all Swift Transportation Co shares owned while 71 reduced positions. 33 funds bought stakes while 63 increased positions. They now own 98.58 million shares or 1.06% more from 97.55 million shares in 2016Q1.
Mackenzie Financial has invested 0.01% of its portfolio in Swift Transportation Co (NYSE:SWFT). Advsr Asset Mgmt has 0% invested in the company for 3,366 shares. Shell Asset last reported 20,330 shares in the company. Victory Capital Management last reported 3,091 shares in the company. Stephens Ar last reported 0.04% of its portfolio in the stock. Moreover, Hsbc Pcl has 0% invested in Swift Transportation Co (NYSE:SWFT) for 29,496 shares. Paloma Prns Mgmt last reported 0% of its portfolio in the stock. Lombard Odier Asset Mngmt (Usa) last reported 23,777 shares in the company. Financial Bank Of New York Mellon Corporation owns 470,279 shares or 0% of their US portfolio. Cushing Asset Mgmt Limited Partnership last reported 20,637 shares in the company. Jpmorgan Chase & holds 0% or 274,837 shares in its portfolio. Prudential Financial Inc last reported 22,134 shares in the company. State Common Retirement Fund has 395,066 shares for 0.01% of their US portfolio. Raymond James Financial Advisors Inc accumulated 0.02% or 151,894 shares. Renaissance Technology Ltd has invested 0.02% of its portfolio in Swift Transportation Co (NYSE:SWFT).

Swift Transportation Co (NYSE:SWFT) Ratings Coverage

Out of 11 analysts covering Swift Transportation (NYSE:SWFT), 8 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 73% are positive. $28 is the highest target while $12.50 is the lowest. The $20.35 average target is -17.58% below today’s ($24.69) stock price. Swift Transportation has been the topic of 25 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Longbow on Friday, December 4. Avondale downgraded Swift Transportation Co (NYSE:SWFT) on Friday, October 30 to “Market Perform” rating. The firm has “Market Underperform” rating by Avondale given on Thursday, June 23. The stock of Swift Transportation Co (NYSE:SWFT) has “Buy” rating given on Monday, October 5 by Evercore. The rating was upgraded by Bank of America to “Buy” on Monday, February 22. On Tuesday, February 23 the stock rating was upgraded by Morgan Stanley to “Overweight”. On Thursday, January 7 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Deutsche Bank initiated Swift Transportation Co (NYSE:SWFT) on Wednesday, November 2 with “Buy” rating. The stock has “Buy” rating given by Stifel Nicolaus on Friday, July 22. The rating was upgraded by UBS to “Buy” on Tuesday, October 25.

SWFT Company Profile

Swift Transportation Company (Swift Transportation Co.), incorporated on May 20, 2010, is a multi-faceted transportation services company, operating the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Firm operates in four divisions: Truckload, Dedicated, Swift Refrigerated and Intermodal. The other segment includes the Company’s logistics and freight brokerage services, as well as support services provided by its subsidiaries to clients and owner-operators, including repair and maintenance shop services, equipment leasing and insurance. The Firm principally operates in short- to medium-haul traffic lanes around its terminals and customer locations.

More important recent Swift Transportation Co (NYSE:SWFT) news were published by: Wsj.com which released: “Swift Transportation Posts Higher Profit, Lower Revenue” on October 24, 2016, also Azcentral.com published article titled: “Swift Transportation celebrates 50th anniversary”, Wsj.com published: “Swift Transportation Reports Stronger Profits on Cost Savings” on January 25, 2016. More interesting news about Swift Transportation Co (NYSE:SWFT) was released by: Wsj.com and their article: “Swift Transportation CEO Restructures Family Debts” with publication date: May 24, 2016.

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By Darrin Black


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