Short Interest Report: Could Taser International Incorporated (NASDAQ:TASR) Change Direction After Less Shorts?

November 17, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Report: Could Taser International Incorporated (NASDAQ:TASR) Change Direction After Less Shorts?

The stock of Taser International Incorporated (NASDAQ:TASR) registered a decrease of 1.29% in short interest. TASR’s total short interest was 9.01 million shares in November as published by FINRA. Its down 1.29% from 9.12 million shares, reported previously. With 769,000 shares average volume, it will take short sellers 12 days to cover their TASR’s short positions. The short interest to Taser International Incorporated’s float is 17.62%. About 80 shares traded hands. TASER International, Inc. (NASDAQ:TASR) has risen 45.04% since April 15, 2016 and is uptrending. It has outperformed by 40.41% the S&P500.

TASER International, Inc. is engaged in development, manufacture and sale of conducted electrical weapons designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The company has a market cap of $1.46 billion. The Firm is also engaged in development of connected wearable on-officer cameras, which utilize its cloud digital evidence management solution (Axon solution). It has a 93.18 P/E ratio. The Firm operates through two divisions: the sale of CEWs, accessories, and other services and products (the TASER Weapons segment), and the Axon business, focused on wearables, cloud and mobile products, including Axon video products, TASER Cam and Evidence.com (the Axon segment).

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.01, from 0.98 in 2016Q1. The ratio dived, as 24 funds sold all TASER International, Inc. shares owned while 52 reduced positions. 24 funds bought stakes while 50 increased positions. They now own 37.15 million shares or 0.18% more from 37.09 million shares in 2016Q1.
Capstone Asset Mgmt holds 0.02% of its portfolio in TASER International, Inc. (NASDAQ:TASR) for 26,639 shares. Swiss Commercial Bank accumulated 91,800 shares or 0% of the stock. Invesco Limited last reported 101,980 shares in the company. First Interstate State Bank has invested 0% of its portfolio in TASER International, Inc. (NASDAQ:TASR). Capital Mgmt New York has 0.43% invested in the company for 10,100 shares. Moreover, Geode Limited Company has 0% invested in TASER International, Inc. (NASDAQ:TASR) for 369,253 shares. Arrowpoint Asset Management has 0.07% invested in the company for 137,493 shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in TASER International, Inc. (NASDAQ:TASR). Goldman Sachs Group accumulated 12,375 shares or 0% of the stock. Wells Fargo & Mn last reported 0.01% of its portfolio in the stock. Texas Permanent School Fund accumulated 40,213 shares or 0.01% of the stock. Blackrock Ltd holds 61,003 shares or 0% of its portfolio. Morgan Stanley has 0% invested in the company for 239,650 shares. Pinebridge Invs Ltd Partnership reported 6,561 shares or 0.01% of all its holdings. Tci Wealth accumulated 736 shares or 0.01% of the stock.

TASER International, Inc. (NASDAQ:TASR) Ratings Coverage

Out of 6 analysts covering TASER International (NASDAQ:TASR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. TASER International has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Imperial Capital on Friday, October 14. The firm has “Buy” rating given on Thursday, September 24 by Sidoti. The stock of TASER International, Inc. (NASDAQ:TASR) earned “Buy” rating by Ladenburg Thalmann on Wednesday, November 18. Ladenburg Thalmann downgraded the stock to “Neutral” rating in Monday, October 3 report. The rating was downgraded by Imperial Capital to “In-Line” on Friday, November 11. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, January 6. The firm has “Buy” rating by Craig Hallum given on Thursday, November 10. The stock of TASER International, Inc. (NASDAQ:TASR) earned “Buy” rating by CL King on Wednesday, July 6. The firm has “Hold” rating given on Wednesday, August 5 by Zacks.

TASR Company Profile

TASER International, Inc., incorporated on January, 5, 2001, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Firm is also engaged in development of connected wearable on-officer cameras, which utilize its cloud digital evidence management solution (Axon solution). The Firm operates through two divisions: the sale of CEWs, accessories, and other services and products (the TASER Weapons segment), and the Axon business, focused on wearables, cloud and mobile products, including Axon video products, TASER Cam and Evidence.com (the Axon segment).

More notable recent TASER International, Inc. (NASDAQ:TASR) news were published by: Fool.com which released: “TASER International, Inc. Has Another Record Quarter on Body Camera Growth” on November 10, 2016, also Fool.com with their article: “Why TASER International, Inc. Shares Plunged 21.8% Last Month” published on November 08, 2016, Fool.com published: “Why Fossil Group, TASER International, and SodaStream Jumped Today” on November 10, 2016. More interesting news about TASER International, Inc. (NASDAQ:TASR) were released by: Nasdaq.com and their article: “Earnings Reaction History: Taser International Inc, 33.3% Follow-Through …” published on November 09, 2016 as well as Schaeffersresearch.com‘s news article titled: “Analyst Upgrades: TASER International, Inc., Shake Shack Inc, and Humana Inc” with publication date: November 10, 2016.

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By Hazel Jackson


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