Short Interest Change: Ixia (NASDAQ:XXIA) Could Burn Your Long Portfolio After More Shorts

November 22, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Change: Ixia (NASDAQ:XXIA) Could Burn Your Long Portfolio After More Shorts

The stock of Ixia (NASDAQ:XXIA) registered an increase of 1.75% in short interest. XXIA’s total short interest was 1.08M shares in November as published by FINRA. Its up 1.75% from 1.07M shares, reported previously. With 238,400 shares average volume, it will take short sellers 5 days to cover their XXIA’s short positions. The short interest to Ixia’s float is 1.52%. The stock increased 2.19% or $0.3 during the last trading session, hitting $14. Ixia (NASDAQ:XXIA) has risen 33.21% since April 20, 2016 and is uptrending. It has outperformed by 28.65% the S&P500.

Ixia is a provider of physical and virtual network application performance and security resilience solutions. The company has a market cap of $1.14 billion. The Company’s product solutions consist of its hardware platforms, software applications and services, including warranty and maintenance offerings and professional services. It has a 124.39 P/E ratio. The Firm helps its clients to validate the performance and security resilience of their applications and networks.

Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.63, from 0.82 in 2016Q1. The ratio increased, as 33 funds sold all Ixia shares owned while 46 reduced positions. 19 funds bought stakes while 46 increased positions. They now own 49.89 million shares or 5.34% less from 52.71 million shares in 2016Q1.
Qs Ltd Liability owns 2,429 shares or 0% of their US portfolio. Tower Research Ltd Co (Trc) has invested 0.01% of its portfolio in Ixia (NASDAQ:XXIA). Barrow Hanley Mewhinney Strauss Limited Liability has 0% invested in the company for 110,460 shares. Los Angeles Cap Equity Research reported 32,600 shares or 0% of all its holdings. Alyeska Inv Grp L P accumulated 323,237 shares or 0.03% of the stock. Capstone Asset Mgmt owns 15,760 shares or 0% of their US portfolio. Highbridge Mngmt has invested 0% of its portfolio in Ixia (NASDAQ:XXIA). Moreover, Gemmer Asset Ltd Liability Corp has 0% invested in Ixia (NASDAQ:XXIA) for 131 shares. Petrus Tru Lta last reported 0.03% of its portfolio in the stock. Menta Limited Liability holds 0.12% of its portfolio in Ixia (NASDAQ:XXIA) for 89,246 shares. Blackrock Institutional Tru Na accumulated 0% or 1.58 million shares. Natl Bank Of Montreal Can has invested 0% of its portfolio in Ixia (NASDAQ:XXIA). California Public Employees Retirement Systems accumulated 0% or 67,800 shares. State Teachers Retirement Systems accumulated 44,128 shares or 0% of the stock. Snow Management Limited Partnership holds 0.05% or 101,780 shares in its portfolio.

Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 10 selling transactions for $603,664 net activity. Hattar Marie sold $130,675 worth of stock. Colston Walker H II sold $905 worth of Ixia (NASDAQ:XXIA) on Tuesday, August 16. Key Patricia sold $17,497 worth of stock. Shares for $9,597 were sold by Novak Brent T on Tuesday, August 16. $1,679 worth of shares were sold by Pepe Alexander on Tuesday, August 16. On Monday, August 15 the insider Alexander Matthew S sold $127,668. On Tuesday, August 16 Williams Christopher Lee sold $1,965 worth of the stock or 165 shares.

Ixia (NASDAQ:XXIA) Ratings Coverage

Out of 4 analysts covering Ixia (NASDAQ:XXIA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ixia has been the topic of 7 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Zacks upgraded Ixia (NASDAQ:XXIA) rating on Tuesday, August 11. Zacks has “Hold” rating and $18 price target. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, November 2. The firm has “Hold” rating given on Monday, October 19 by Wunderlich. The company was maintained on Wednesday, February 24 by Jefferies. The rating was upgraded by Stifel Nicolaus to “Buy” on Tuesday, July 26. The company was upgraded on Wednesday, February 24 by Wunderlich.

XXIA Company Profile

Ixia, incorporated on May 28, 1997, is a well-known provider of physical and virtual network application performance and security resilience solutions. The Company’s product solutions consist of its hardware platforms, software applications and services, including warranty and maintenance offerings and professional services. The Firm helps its clients to validate the performance and security resilience of their applications and networks. The Company’s network visibility solutions connects data center and network infrastructure with monitoring solutions that ensure application performance and security resilience. The Firm offers network test hardware platforms with interchangeable interfaces, using a common set of applications and Application Programing Interfaces (APIs). The Firm provides its solutions to network equipment manufacturers (NEMs), service providers, and enterprise and government organizations. The Company’s product solutions consist of its hardware platforms, such as chassis, interface cards and appliances, software application tools, and services, including its warranty and maintenance offerings and professional services.

More news for Ixia (NASDAQ:XXIA) were recently published by: Businesswire.com, which released: “Anritsu and Ixia Successfully Complete O2 Czech Republic Network Function …” on November 22, 2016. Businesswire.com‘s article titled: “Ixia Launches the First Software Solution Specifically Designed for Pre …” and published on October 31, 2016 is yet another important article.

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By Clifton Ray


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