Short Interest Worth Mentioning: Telenav Incorporated (NASDAQ:TNAV) Has Increase in Shorts

November 17, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Worth Mentioning: Telenav Incorporated (NASDAQ:TNAV) Has Increase in Shorts

The stock of Telenav Incorporated (NASDAQ:TNAV) registered an increase of 1.91% in short interest. TNAV’s total short interest was 624,400 shares in November as published by FINRA. Its up 1.91% from 612,700 shares, reported previously. With 54,500 shares average volume, it will take short sellers 12 days to cover their TNAV’s short positions. The short interest to Telenav Incorporated’s float is 2.24%. About 30,044 shares traded hands. Telenav Inc (NASDAQ:TNAV) has risen 8.66% since April 15, 2016 and is uptrending. It has outperformed by 4.03% the S&P500.

TeleNav, Inc. is a provider of location platform services. The company has a market cap of $250.18 million. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. It currently has negative earnings. The Firm operates through three divisions: automotive, advertising and mobile navigation.

Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.61, from 1.77 in 2016Q1. The ratio dived, as 10 funds sold all Telenav Inc shares owned while 21 reduced positions. 6 funds bought stakes while 30 increased positions. They now own 17.47 million shares or 0.21% more from 17.44 million shares in 2016Q1.
The Us-based Ancora Advsrs Limited Liability has invested 0.07% in Telenav Inc (NASDAQ:TNAV). Jpmorgan Chase &, a New York-based fund reported 374 shares. Blackrock Inv Management Ltd holds 0% of its portfolio in Telenav Inc (NASDAQ:TNAV) for 132,895 shares. Connor Clark Lunn Invest Mgmt Ltd has 11,000 shares for 0% of their US portfolio. Strs Ohio accumulated 0% or 6,700 shares. Deere & Company last reported 10,577 shares in the company. State Street has 376,522 shares for 0% of their US portfolio. Schwab Charles Inv Inc holds 0% or 40,000 shares in its portfolio. Millennium Mgmt Ltd Limited Liability Company has 18,507 shares for 0% of their US portfolio. Moreover, California Pub Employees Retirement Systems has 0% invested in Telenav Inc (NASDAQ:TNAV) for 69,500 shares. Dimensional Fund Advsrs L P reported 1.26 million shares or 0% of all its holdings. Blackrock Fund owns 842,790 shares or 0% of their US portfolio. Vanguard Group, a Pennsylvania-based fund reported 974,842 shares. Rhumbline Advisers last reported 31,899 shares in the company. White Pine Capital Limited Liability Corporation has invested 0.19% of its portfolio in Telenav Inc (NASDAQ:TNAV).

Insider Transactions: Since June 7, 2016, the stock had 7 insider buys, and 3 insider sales for $909,663 net activity. Another trade for 66,718 shares valued at $337,166 was made by Nokomis Capital – L.L.C. on Tuesday, November 8. 6,242 Telenav Inc (NASDAQ:TNAV) shares with value of $37,000 were sold by HILLBERG LOREN E. 8,500 shares with value of $46,325 were sold by Strambi Michael on Monday, September 12. On Monday, August 8 Jin H.P. bought $40,161 worth of the stock or 7,500 shares. $500 worth of Telenav Inc (NASDAQ:TNAV) shares were bought by Xie Ken.

Telenav Inc (NASDAQ:TNAV) Ratings Coverage

Out of 2 analysts covering Telenav (NASDAQ:TNAV), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Telenav has been the topic of 2 analyst reports since August 24, 2015 according to StockzIntelligence Inc. On Monday, August 24 the stock rating was initiated by B. Riley & Co with “Buy”. FBR Capital initiated it with “Outperform” rating and $15 target price in Monday, October 17 report.

TNAV Company Profile

TeleNav, Inc. (Telenav), incorporated on October 8, 2009, is a well-known provider of location platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Firm operates through three divisions: automotive, advertising and mobile navigation. The Company’s auto and mobile navigation platform allows it to deliver location services to auto manufacturers, developers and end users through various distribution channels, including wireless carriers. The Company’s on-board product solution consists of software, map and point of interest (POI) data loaded in the vehicle that provides voice-guided turn-by-turn navigation displayed on the vehicle screen. The Company’s brought-in connected solution enables a mobile device that is paired with the vehicle to activate in-vehicle text and voice-guided turn-by-turn navigation.

More news for Telenav Inc (NASDAQ:TNAV) were recently published by: Marketwatch.com, which released: “TeleNav Inc. NASDAQ: TNAV” on May 13, 2010. Quotes.Wsj.com‘s article titled: “TeleNav Inc. TNAV (US: Nasdaq)” and published on February 11, 2011 is yet another important article.

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By Marguerite Chambers


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