Short Interest Coverage: Violin Memory Incorporated (OTCMKTS:VMEM) Has Increase in Shorts

November 21, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Coverage: Violin Memory Incorporated (OTCMKTS:VMEM) Has Increase in Shorts

The stock of Violin Memory Incorporated (OTCMKTS:VMEM) registered an increase of 27.31% in short interest. VMEM’s total short interest was 1.44M shares in November as published by FINRA. Its up 27.31% from 1.13M shares, reported previously. With 678,900 shares average volume, it will take short sellers 2 days to cover their VMEM’s short positions. The short interest to Violin Memory Incorporated’s float is 11.13%. The stock closed at $0.14 during the last session. It is down 90.54% since April 19, 2016 and is downtrending. It has underperformed by 94.40% the S&P500.

Violin Memory, Inc. offers a class of flash storage solutions to bring storage performance in line with high-speed applications, servers and networks. The company has a market cap of $3.52 million. The Company’s Flash Storage Platform is designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the requirements of business-critical applications, virtualized environments and Big Data in enterprise data centers. It currently has negative earnings. The Flash Storage Platform is a vertically integrated design of software, firmware and hardware, which runs the Company’s Concerto OS 7, a single operating system with integrated continuous data protection, in-line block de-duplication and compression, stretch metro cluster and logical unit number mirroring, as well as its suite of other Enterprise Data Services.

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 0.37, from 0.37 in 2016Q1. The ratio turned negative, as 34 funds sold all Violin Memory Inc shares owned while 12 reduced positions. 12 funds bought stakes while 5 increased positions. They now own 13.06 million shares or 51.44% less from 26.89 million shares in 2016Q1.
Gsa Prtnrs Ltd Liability Partnership owns 425,723 shares or 0.02% of their US portfolio. Pub Sector Pension Board accumulated 1.50M shares or 0.02% of the stock. Alpine Partners Vi Limited Com reported 135,871 shares or 0.06% of all its holdings. Blackrock Fund Advsrs accumulated 17,281 shares or 0% of the stock. Harvest Strategies Llc last reported 500,000 shares in the company. Teton Advsr last reported 0% of its portfolio in the stock. The Michigan-based Columbia Asset Mngmt has invested 0% in Violin Memory Inc (OTCMKTS:VMEM). Bancorp Of Mellon last reported 95,091 shares in the company. Geode Capital Mgmt Ltd Liability holds 420,687 shares or 0% of its portfolio. First Manhattan Commerce holds 0% of its portfolio in Violin Memory Inc (OTCMKTS:VMEM) for 5,000 shares. The Delaware-based Blackrock Advisors Llc has invested 0% in Violin Memory Inc (OTCMKTS:VMEM). Morgan Stanley accumulated 0% or 36,895 shares. Citigroup has invested 0% of its portfolio in Violin Memory Inc (OTCMKTS:VMEM). The Pennsylvania-based Susquehanna International Group Limited Liability Partnership has invested 0% in Violin Memory Inc (OTCMKTS:VMEM). Goldman Sachs Inc last reported 0% of its portfolio in the stock.

VMEM Company Profile

Violin Memory, Inc., incorporated on March 9, 2005, offers a class of flash storage solutions to bring storage performance in line with high-speed applications, servers and networks. The Company’s Flash Storage Platform is designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the requirements of business-critical applications, virtualized environments and Big Data in enterprise data centers. The Flash Storage Platform is a vertically integrated design of software, firmware and hardware, which runs the Company’s Concerto OS 7, a single operating system with integrated continuous data protection, in-line block de-duplication and compression, stretch metro cluster and logical unit number (LUN) mirroring, as well as its suite of other Enterprise Data Services. With its Flash Storage Platform, all active data (Tiers 0, 1, and 2) can be consolidated onto a single tier, managing storage administration. Additionally, with its Symphony Management Suite Version 3.0, the software functionality can all be controlled in over one, two or three clicks, with management of the entire storage estate, through a single pane of glass.

More notable recent Violin Memory Inc (OTCMKTS:VMEM) news were published by: Seekingalpha.com which released: “Violin Memory: The End Is Near” on September 09, 2016, also Seekingalpha.com with their article: “Violin Memory: Stranger Things Have Happened… Right?” published on May 26, 2016, Seekingalpha.com published: “It Doesn’t Look Good For Violin Memory” on March 13, 2016. More interesting news about Violin Memory Inc (OTCMKTS:VMEM) were released by: Fool.com and their article: “Why Violin Memory Inc Stock Dropped Today” published on June 03, 2015 as well as Quotes.Wsj.com‘s news article titled: “News Violin Memory Inc.VMEM” with publication date: September 27, 2013.

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By Ellis Scott


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