Short Interest Worth Mentioning: Firsthand Tech Value Fund Incorporated (NASDAQ:SVVC) Shorted Shares Increased 3.31% After Market Selling

November 17, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Worth Mentioning: Firsthand Tech Value Fund Incorporated (NASDAQ:SVVC) Shorted Shares Increased 3.31% After Market Selling

The stock of Firsthand Tech Value Fund Incorporated (NASDAQ:SVVC) registered an increase of 3.31% in short interest. SVVC’s total short interest was 18,700 shares in November as published by FINRA. Its up 3.31% from 18,100 shares, reported previously. With 18,100 shares average volume, it will take short sellers 1 days to cover their SVVC’s short positions. The stock increased 2.31% or $0.18 on November 16, hitting $7.97. Firsthand Technology Value Fund Inc (NASDAQ:SVVC) has risen 8.29% since April 15, 2016 and is uptrending. It has outperformed by 3.66% the S&P500.

Firsthand Technology Value Fund, Inc. is an externally managed, closed-end, non-diversified management investment company. The company has a market cap of $58.41 million. The Fund’s investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. It currently has negative earnings. It invests approximately 80% of its total assets for investment purposes in technology companies.

Insitutional Activity: The institutional sentiment decreased to 0.31 in Q2 2016. Its down 0.09, from 0.4 in 2016Q1. The ratio worsened, as 4 funds sold all Firsthand Technology Value Fund Inc shares owned while 9 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 1.45 million shares or 16.08% more from 1.25 million shares in 2016Q1.
Ladenburg Thalmann Inc last reported 0% of its portfolio in the stock. Icon Advisers Inc has 0.02% invested in the company for 36,800 shares. Bulldog Investors Ltd Liability has invested 0.61% of its portfolio in Firsthand Technology Value Fund Inc (NASDAQ:SVVC). Moreover, Radcliffe Cap Mngmt Limited Partnership has 0.08% invested in Firsthand Technology Value Fund Inc (NASDAQ:SVVC) for 45,844 shares. Equitec Proprietary Markets Lc has invested 0.04% of its portfolio in Firsthand Technology Value Fund Inc (NASDAQ:SVVC). Creative Planning holds 0% or 510 shares in its portfolio. Yakira Management Inc reported 21,139 shares or 0.06% of all its holdings. Bank Of America Corp De has 0% invested in the company for 356 shares. Pathstone Family Office Ltd Liability Corporation has 0% invested in the company for 81 shares. Reilly Financial Advsr Limited Liability Company has 86 shares for 0% of their US portfolio. Next Finance has 0% invested in the company for 18 shares. Jefferies Grp Lc last reported 0% of its portfolio in the stock. Citigroup holds 137 shares or 0% of its portfolio. City Of London Investment Mngmt Ltd has 85,341 shares for 0.05% of their US portfolio. Wells Fargo & Mn last reported 0% of its portfolio in the stock.

More notable recent Firsthand Technology Value Fund Inc (NASDAQ:SVVC) news were published by: Globenewswire.com which released: “Firsthand Technology Value Fund Provides Start-Up Funding to Revasum for …” on November 15, 2016, also Globenewswire.com with their article: “Firsthand Technology Value Fund Announces Second Quarter 2016 Financial …” published on August 09, 2016, 247Wallst.com published: “Firsthand Technology Value Fund Confirmed as Nutanix IPO Winner” on October 01, 2016. More interesting news about Firsthand Technology Value Fund Inc (NASDAQ:SVVC) were released by: Globenewswire.com and their article: “Firsthand Technology Value Fund Holding Pivotal Systems Announces Record …” published on November 01, 2016 as well as Globenewswire.com‘s news article titled: “Firsthand Technology Value Fund Discloses Preliminary NAV of $20.94 Per Share …” with publication date: October 14, 2016.

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By Peter Erickson

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