Shorts On Watch: Could Systemax Incorporated (NYSE:SYX) Go Up After Its Newest Short Interest Report?

November 17, 2016 - By Pete Kolinski   ·   0 Comments

Shorts On Watch: Could Systemax Incorporated (NYSE:SYX) Go Up After Its Newest Short Interest Report?

The stock of Systemax Incorporated (NYSE:SYX) registered an increase of 2.48% in short interest. SYX’s total short interest was 215,000 shares in November as published by FINRA. Its up 2.48% from 209,800 shares, reported previously. With 17,800 shares average volume, it will take short sellers 12 days to cover their SYX’s short positions. The short interest to Systemax Incorporated’s float is 1.87%. The stock increased 1.27% or $0.11 during the last trading session, hitting $8.77. Systemax Inc. (NYSE:SYX) has declined 5.50% since April 15, 2016 and is downtrending. It has underperformed by 10.12% the S&P500.

Systemax Inc. is a direct marketer of brand name and private label products. The company has a market cap of $318.26 million. The Company’s divisions include Industrial Products Group , EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). It currently has negative earnings. IPG sells a range of maintenance, repair and activities (MRO) products, which are marketed in North America.

Insitutional Activity: The institutional sentiment increased to 2.29 in 2016 Q2. Its up 1.24, from 1.05 in 2016Q1. The ratio increased, as 0 funds sold all Systemax Inc. shares owned while 14 reduced positions. 9 funds bought stakes while 23 increased positions. They now own 9.40 million shares or 0.37% more from 9.37 million shares in 2016Q1.
California State Teachers Retirement Systems holds 0% of its portfolio in Systemax Inc. (NYSE:SYX) for 23,442 shares. The New York-based Ingalls And Snyder Ltd has invested 0.06% in Systemax Inc. (NYSE:SYX). Advisory Svcs Network Ltd Liability Com has 0% invested in the company for 5 shares. Moreover, Walleye Trading Ltd has 0% invested in Systemax Inc. (NYSE:SYX) for 4,800 shares. The New York-based Alliancebernstein Ltd Partnership has invested 0% in Systemax Inc. (NYSE:SYX). The New York-based Tiaa Cref Invest Ltd Liability Corporation has invested 0% in Systemax Inc. (NYSE:SYX). Tfs Capital Limited Liability has 15,772 shares for 0.02% of their US portfolio. Rhumbline Advisers reported 16,630 shares or 0% of all its holdings. Renaissance Technology Ltd Liability Corp last reported 0% of its portfolio in the stock. King Luther Cap Mgmt Corporation holds 914,388 shares or 0.08% of its portfolio. Seizert Cap Limited Liability last reported 0.08% of its portfolio in the stock. Blackrock Advisors Limited Liability last reported 0% of its portfolio in the stock. Weber Alan W accumulated 267,494 shares or 1.61% of the stock. New York State Common Retirement Fund, a New York-based fund reported 10,200 shares. State Street reported 160,253 shares or 0% of all its holdings.

SYX Company Profile

Systemax Inc., incorporated on April 21, 1995, is a direct marketer of brand name and private label products. The Company’s divisions include Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). IPG sells a range of maintenance, repair and activities (MRO) products, which are marketed in North America. The Firm offers a range of products that are manufactured for its own design and marketed under the brands: Global, GlobalIndustrial.com, Nexel Relius, Relius Elite and Hercules. The Company’s EMEA segment primarily sells information and communications technology (ICT) and consumer electronics (CE) products. These products are marketed in Europe and are manufactured by other companies.

More notable recent Systemax Inc. (NYSE:SYX) news were published by: Nasdaq.com which released: “Systemax Inc. (SYX) Ex-Dividend Date Scheduled for November 16, 2016” on November 15, 2016, also Prnewswire.com with their article: “Systemax Inc. To Report Third Quarter 2016 Results On October 31, 2016” published on October 25, 2016, Prnewswire.com published: “Systemax to Present at Sidoti & Company’s Fall 2016 Emerging Growth Convention” on October 25, 2016. More interesting news about Systemax Inc. (NYSE:SYX) were released by: Quotes.Wsj.com and their article: “Systemax Inc. SYX (US: NYSE)” published on February 11, 2011 as well as Foxbusiness.com‘s news article titled: “Brothers guilty of fraud at Systemax computer company sent to federal prison …” with publication date: March 04, 2015.

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By Pete Kolinski


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