Short Interest Don’t Lie: It Seems Virco Manufacturing Corporation (NASDAQ:VIRC) Will Go Down. Just Reported More Shorted Shares

November 18, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Don't Lie: It Seems Virco Manufacturing Corporation (NASDAQ:VIRC) Will Go Down. Just Reported More Shorted Shares

The stock of Virco Manufacturing Corporation (NASDAQ:VIRC) registered an increase of 54.55% in short interest. VIRC’s total short interest was 20,400 shares in November as published by FINRA. Its up 54.55% from 13,200 shares, reported previously. With 11,000 shares average volume, it will take short sellers 2 days to cover their VIRC’s short positions. The short interest to Virco Manufacturing Corporation’s float is 0.27%. The stock decreased 9.09% or $0.4 on November 18, hitting $4. About 115,190 shares traded hands or 978.15% up from the average. Virco Mfg. Corporation (NASDAQ:VIRC) has risen 40.58% since April 18, 2016 and is uptrending. It has outperformed by 36.15% the S&P500.

Virco Mfg. Corporation is engaged in the designing, producing and distributing of furniture for a range family of customers. The company has a market cap of $58.72 million. The Firm is a maker and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It has a 15.73 P/E ratio. It makes an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.

Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.38, from 1 in 2016Q1. The ratio improved, as 2 funds sold all Virco Mfg. Corporation shares owned while 7 reduced positions. 2 funds bought stakes while 7 increased positions. They now own 4.22 million shares or 0.76% more from 4.19 million shares in 2016Q1.
Renaissance Ltd Liability Company owns 184,900 shares or 0% of their US portfolio. Vanguard Group Inc has 213,291 shares for 0% of their US portfolio. Da Davidson And Co last reported 0.01% of its portfolio in the stock. Dimensional Fund Advisors Ltd Partnership holds 0% or 495,677 shares in its portfolio. Bridgeway Capital Mgmt reported 32,200 shares or 0% of all its holdings. Acadian Asset Mngmt Ltd Llc last reported 0% of its portfolio in the stock. The New York-based Morgan Stanley has invested 0% in Virco Mfg. Corporation (NASDAQ:VIRC). Minerva Advisors has invested 3.08% of its portfolio in Virco Mfg. Corporation (NASDAQ:VIRC). James Investment holds 0% of its portfolio in Virco Mfg. Corporation (NASDAQ:VIRC) for 6,925 shares. The Germany-based Deutsche Commercial Bank Ag has invested 0% in Virco Mfg. Corporation (NASDAQ:VIRC). Moreover, Nationwide Fund Advsr has 0% invested in Virco Mfg. Corporation (NASDAQ:VIRC) for 1,500 shares. The Illinois-based Lsv Asset Management has invested 0% in Virco Mfg. Corporation (NASDAQ:VIRC). Northern Trust Corp reported 26,820 shares or 0% of all its holdings. Blackrock Advsrs Limited Liability has 0% invested in the company for 5,315 shares. Goldman Sachs Group Inc holds 0% or 10,785 shares in its portfolio.

Virco Mfg. Corporation (NASDAQ:VIRC) Ratings Coverage

Out of 2 analysts covering Virco Mfg. (NASDAQ:VIRC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Virco Mfg. has been the topic of 2 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The stock has “Strong-Buy” rating given by Zacks on Tuesday, September 22.

VIRC Company Profile

Virco Mfg. Corporation (Virco), incorporated on April 23, 1984, is engaged in the designing, producing and distributing of furniture for a range family of customers. The Firm is a maker and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. The Firm makes an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. The Company’s primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Virco also has flat metal forming capabilities to enable the production of desks, returns, bookcases, filing cabinets, mobile pedestals and related items.

More recent Virco Mfg. Corporation (NASDAQ:VIRC) news were published by: Globenewswire.com which released: “Virco Reports Stronger Results for FYE 2016” on April 22, 2016. Also Seekingalpha.com published the news titled: “Virco Manufacturing: EPS And Shares Poised For Material Upside Driven By Lean …” on July 07, 2016. Zacks.com‘s news article titled: “Virco Mfg. Stock: 3 Reasons Why VIRC Is a Top Choice for Value Investors” with publication date: May 08, 2015 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Peter Erickson

Tags: , ,


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>