Short Interest Coverage: Could TE Connectivity Limited (NYSE:TEL) See a Reversal After Less Sellers Came In?

November 17, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Coverage: Could TE Connectivity Limited (NYSE:TEL) See a Reversal After Less Sellers Came In?

The stock of TE Connectivity Limited (NYSE:TEL) registered a decrease of 4.16% in short interest. TEL’s total short interest was 4.23M shares in November as published by FINRA. Its down 4.16% from 4.41M shares, reported previously. With 1.31M shares average volume, it will take short sellers 3 days to cover their TEL’s short positions. The short interest to TE Connectivity Limited’s float is 1.19%. About 289,823 shares traded hands. TE Connectivity Ltd (NYSE:TEL) has risen 5.26% since April 15, 2016 and is uptrending. It has outperformed by 0.64% the S&P500.

TE Connectivity Ltd. is a technology company, which creates and makes connectivity and sensors solutions. The company has a market cap of $23.93 billion. The Firm operates through three divisions: Transportation Solutions, Industrial Solutions and Communications Solutions. It has a 12.61 P/E ratio. The Company’s divisions manufacture and distribute its products and solutions to a range of end markets.

Insitutional Activity: The institutional sentiment increased to 0.95 in 2016 Q2. Its up 0.20, from 0.75 in 2016Q1. The ratio is positive, as 45 funds sold all TE Connectivity Ltd shares owned while 174 reduced positions. 56 funds bought stakes while 153 increased positions. They now own 296.27 million shares or 0.53% more from 294.72 million shares in 2016Q1.
Edgepoint Investment Group Inc accumulated 5.19% or 5.20M shares. Carroll Finance holds 0% of its portfolio in TE Connectivity Ltd (NYSE:TEL) for 238 shares. Moreover, Meyer Handelman Communication has 0.36% invested in TE Connectivity Ltd (NYSE:TEL) for 141,436 shares. Boston Private Wealth Ltd Limited Liability Company accumulated 0.3% or 129,515 shares. Bancshares Of Nova Scotia has invested 0.1% of its portfolio in TE Connectivity Ltd (NYSE:TEL). Voya Investment Limited Liability Com holds 90,511 shares or 0.01% of its portfolio. Strs Ohio accumulated 0% or 17,706 shares. Fmr Ltd Llc holds 4.85M shares or 0.04% of its portfolio. Bartlett Limited Liability Company reported 1,200 shares or 0% of all its holdings. Panagora Asset Mgmt has 14,641 shares for 0% of their US portfolio. M&R Mgmt owns 60 shares or 0% of their US portfolio. Linscomb & Williams Incorporated has invested 0.02% of its portfolio in TE Connectivity Ltd (NYSE:TEL). Bank Of America De has 4.46 million shares for 0.06% of their US portfolio. Shamrock Asset Mgmt Ltd Liability Corporation accumulated 0% or 15 shares. Howland Cap Mngmt Ltd Llc, a Massachusetts-based fund reported 152,298 shares.

Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 16 insider sales for $37.95 million net activity. Another trade for 11,156 shares valued at $706,414 was made by Ott Robert J on Thursday, August 25. LYNCH THOMAS J sold $7.80 million worth of stock. Jenkins John S sold $735,625 worth of stock or 12,000 shares. $2.15M worth of TE Connectivity Ltd (NYSE:TEL) was sold by Donahue Joseph B on Saturday, November 12. $1.68 million worth of shares were sold by SHADDOCK ROBERT N on Monday, November 14. $135,577 worth of TE Connectivity Ltd (NYSE:TEL) shares were sold by CURTIN TERRENCE R. Another trade for 13,925 shares valued at $854,995 was sold by O’Toole James.

TE Connectivity Ltd (NYSE:TEL) Ratings Coverage

Out of 7 analysts covering TE Connectivity (NYSE:TEL), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. TE Connectivity has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, October 29 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, July 1 by RBC Capital Markets. The firm has “Neutral” rating by Goldman Sachs given on Monday, May 9. The stock of TE Connectivity Ltd (NYSE:TEL) has “Neutral” rating given on Tuesday, March 29 by SunTrust. The company was reinitiated on Friday, September 18 by Goldman Sachs. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 23. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 15. RBC Capital Markets maintained the shares of TEL in a report on Thursday, November 3 with “Outperform” rating. On Thursday, January 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was downgraded by Berenberg on Wednesday, March 2 to “Hold”.

More important recent TE Connectivity Ltd (NYSE:TEL) news were published by: Prnewswire.com which released: “TE Connectivity Recognized as an Innovation Leader in CNBC IQ100 Index” on November 01, 2016, also Streetinsider.com published article titled: “Form 4 TE Connectivity Ltd. For: Nov 14 Filed by: Ott Robert J”, Prnewswire.com published: “TE Connectivity to Report Full Year and Fourth Quarter Financial Results on …” on October 31, 2016. More interesting news about TE Connectivity Ltd (NYSE:TEL) was released by: Wsj.com and their article: “TE Connectivity’s Revenue Jumps 12% in Latest Quarter” with publication date: November 02, 2016.

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By Ellis Scott


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