Short Interest Worth Watching: Could Westell Technologies Incorporated Class A (NASDAQ:WSTL) Go Down After Its Newest Short Interest Report?

November 21, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Worth Watching: Could Westell Technologies Incorporated Class A (NASDAQ:WSTL) Go Down After Its Newest Short Interest Report?

The stock of Westell Technologies Incorporated Class A (NASDAQ:WSTL) registered a decrease of 37% in short interest. WSTL’s total short interest was 57,200 shares in November as published by FINRA. Its down 37% from 90,800 shares, reported previously. With 69,000 shares average volume, it will take short sellers 1 days to cover their WSTL’s short positions. The short interest to Westell Technologies Incorporated Class A’s float is 0.15%. About 179,661 shares traded hands or 106.81% up from the average. Westell Technologies Inc. (NASDAQ:WSTL) has declined 55.56% since April 19, 2016 and is downtrending. It has underperformed by 59.42% the S&P500.

Westell Technologies, Inc. is a provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The company has a market cap of $35.03 million. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. It currently has negative earnings. The Firm operates in two divisions: In-Building Wireless and Communication Solutions Group (CSG).

Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.79, from 0.46 in 2016Q1. The ratio increased, as 4 funds sold all Westell Technologies Inc. shares owned while 9 reduced positions. 2 funds bought stakes while 4 increased positions. They now own 11.82 million shares or 41.68% less from 20.26 million shares in 2016Q1.
State Street owns 36,154 shares or 0% of their US portfolio. Bridgeway Capital Management Inc accumulated 0% or 407,300 shares. Earnest Prns Ltd Llc last reported 7,400 shares in the company. The Germany-based Deutsche Commercial Bank Ag has invested 0% in Westell Technologies Inc. (NASDAQ:WSTL). Jacobs Levy Equity Inc has invested 0% of its portfolio in Westell Technologies Inc. (NASDAQ:WSTL). Renaissance Tech reported 3.50 million shares or 0% of all its holdings. Geode Capital Limited Liability Company has invested 0% of its portfolio in Westell Technologies Inc. (NASDAQ:WSTL). Morgan Stanley last reported 0% of its portfolio in the stock. Blackrock Institutional Na, a California-based fund reported 1.35M shares. California Public Employees Retirement Systems holds 0% of its portfolio in Westell Technologies Inc. (NASDAQ:WSTL) for 140,820 shares. Financial Bank Of America De has 0% invested in the company for 361 shares. The New York-based State Bank Of Mellon Corporation has invested 0% in Westell Technologies Inc. (NASDAQ:WSTL). Moreover, Blackrock Fund Advsrs has 0% invested in Westell Technologies Inc. (NASDAQ:WSTL) for 123,147 shares. Vanguard Gru Inc has 0% invested in the company for 1.26 million shares. Moreover, Northern Tru Corporation has 0% invested in Westell Technologies Inc. (NASDAQ:WSTL) for 93,087 shares.

Westell Technologies Inc. (NASDAQ:WSTL) Ratings Coverage

Out of 2 analysts covering Westell Technologies (NASDAQ:WSTL), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Westell Technologies has been the topic of 2 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The stock of Westell Technologies Inc. (NASDAQ:WSTL) has “Outperform” rating given on Monday, September 28 by Northland Capital. The firm has “Sell” rating by Zacks given on Wednesday, September 2.

WSTL Company Profile

Westell Technologies, Inc., incorporated on October 29, 1980, is a well-known provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. The Firm operates in two divisions: In-Building Wireless (IBW) and Communication Solutions Group (CSG). The Company’s divisions are engaged in the design, development, assembly and marketing of a range of products and solutions.

More notable recent Westell Technologies Inc. (NASDAQ:WSTL) news were published by: Marketwatch.com which released: “Westell Technologies Inc. Cl A” on March 02, 2011, also Prnewswire.com with their article: “Cove Street Capital, LLC Calls On Westell Technologies, Inc Board of Directors …” published on August 11, 2016, Prnewswire.com published: “Cove Street Capital, LLC and Other Shareholders Resoundingly Rebuke Westell …” on September 22, 2016. More interesting news about Westell Technologies Inc. (NASDAQ:WSTL) were released by: Streetinsider.com and their article: “Westell Technologies, Inc. (WSTL) Appoints New CEO” published on September 27, 2016 as well as Businesswire.com‘s news article titled: “Westell Technologies Acquires Cellular Specialties, Inc.” with publication date: March 03, 2014.

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By Clifton Ray


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