Short Interest Coverage: After Reaching Milestone, Is Xcerra Corporation (NASDAQ:XCRA)’s Short Interest Revealing Something?

November 21, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Coverage: After Reaching Milestone, Is Xcerra Corporation (NASDAQ:XCRA)’s Short Interest Revealing Something?

The stock of Xcerra Corporation (NASDAQ:XCRA) registered an increase of 10.7% in short interest. XCRA’s total short interest was 987,400 shares in November as published by FINRA. Its up 10.7% from 892,000 shares, reported previously. With 303,500 shares average volume, it will take short sellers 3 days to cover their XCRA’s short positions. The short interest to Xcerra Corporation’s float is 2.02%. About 197,041 shares traded hands or 38.37% up from the average. Xcerra Corp (NASDAQ:XCRA) has risen 8.76% since April 19, 2016 and is uptrending. It has outperformed by 4.90% the S&P500.

Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The company has a market cap of $358.44 million. The Firm operates through six divisions: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures. It has a 150.72 P/E ratio. The Semiconductor Test segment includes activities related to the design, manufacture and sale of automated test equipment for the semiconductor industry that is used to test system-on-a-chip, digital, analog and mixed signal integrated circuits.

Xcerra Corp (NASDAQ:XCRA) Ratings Coverage

Out of 2 analysts covering Xcerra (NASDAQ:XCRA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Xcerra has been the topic of 2 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, November 18. The rating was maintained by DA Davidson with “Buy” on Friday, September 4.

XCRA Company Profile

Xcerra Corporation, incorporated on August 3, 1976, is a well-known provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Firm operates through six divisions: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures. The Semiconductor Test segment includes activities related to the design, manufacture and sale of automated test equipment for the semiconductor industry that is used to test system-on-a-chip, digital, analog and mixed signal integrated circuits. The Semiconductor Handlers segment includes activities related to the design, manufacture and sale of test handlers used in the testing of integrated circuits. The Contactors segment includes activities related to the design, manufacture and sale of test contactors, which serve as the interface between the test handler and the semiconductor device under test. The PCB test segment includes activities related to design, manufacture and sale of equipment used in the testing of bare and loaded printed circuit boards. The Probes/Pins segment includes activities related to the design, manufacture and sale of the physical devices used to connect electronic test equipment to the device under test. The Fixtures segment includes activities related to the design, manufacture and sale of printed circuit board (PCB) test fixtures that enable the transmission of test signals from the loaded PCB to the tester.

Another recent and important Xcerra Corp (NASDAQ:XCRA) news was published by Fool.com which published an article titled: “Why Xcerra Corporation (Formerly LTX-Credence) Shares Popped Today” on May 22, 2014.

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By Nellie Frank


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