Short Interest Don’t Lie: Zagg Delaware (NASDAQ:ZAGG) Just Reported Increased Shorts

November 22, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Don't Lie: Zagg Delaware (NASDAQ:ZAGG) Just Reported Increased Shorts

The stock of Zagg Delaware (NASDAQ:ZAGG) registered an increase of 3.06% in short interest. ZAGG’s total short interest was 3.95M shares in November as published by FINRA. Its up 3.06% from 3.83M shares, reported previously. With 433,700 shares average volume, it will take short sellers 9 days to cover their ZAGG’s short positions. The short interest to Zagg Delaware’s float is 14.5%. The stock closed at $7.3 during the last session. It is down 9.32% since April 20, 2016 and is downtrending. It has underperformed by 13.87% the S&P500.

ZAGG Inc designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands. The company has a market cap of $214.16 million. In addition, the Company designs, produces and distributes earbuds, headphones, mobile power solutions, Bluetooth speakers, cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. It currently has negative earnings. The Firm creates product solutions for users of mobile devices, and sells these products to clients through global distribution partners and online.

Insitutional Activity: The institutional sentiment increased to 0.88 in Q2 2016. Its up 0.31, from 0.57 in 2016Q1. The ratio improved, as 40 funds sold all Zagg Inc shares owned while 47 reduced positions. 20 funds bought stakes while 30 increased positions. They now own 21.38 million shares or 19.75% less from 26.64 million shares in 2016Q1.
Pnc Serv Group Inc Inc accumulated 0% or 152,919 shares. Invesco Ltd last reported 0% of its portfolio in the stock. Citigroup Incorporated reported 4,405 shares or 0% of all its holdings. Northern Corp holds 0% of its portfolio in Zagg Inc (NASDAQ:ZAGG) for 380,717 shares. Millennium Mgmt Limited Liability Corp owns 108,367 shares or 0% of their US portfolio. Globeflex Capital L P reported 52 shares or 0% of all its holdings. Kcg Holdg accumulated 26,546 shares or 0% of the stock. Manufacturers Life Insurance The last reported 21,216 shares in the company. Hawk Ridge Capital Mgmt Limited Partnership holds 386,000 shares or 1.22% of its portfolio. Fort Point Capital Prtnrs Limited Liability Company holds 0.03% or 10,787 shares in its portfolio. Art Advisors Limited Liability Com reported 118,303 shares or 0.03% of all its holdings. The Us-based Ancora Advsr Limited Com has invested 0.03% in Zagg Inc (NASDAQ:ZAGG). Ladenburg Thalmann Svcs owns 100 shares or 0% of their US portfolio. Nationwide Fund has invested 0% of its portfolio in Zagg Inc (NASDAQ:ZAGG). Barclays Plc owns 15,245 shares or 0% of their US portfolio.

Zagg Inc (NASDAQ:ZAGG) Ratings Coverage

Out of 3 analysts covering ZAGG (NASDAQ:ZAGG), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. ZAGG has been the topic of 5 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Wunderlich maintained the stock with “Buy” rating in Wednesday, November 2 report. The stock of Zagg Inc (NASDAQ:ZAGG) has “Buy” rating given on Wednesday, May 11 by Wunderlich. TH Capital maintained the shares of ZAGG in a report on Wednesday, August 5 with “Neutral” rating. The stock of Zagg Inc (NASDAQ:ZAGG) earned “Hold” rating by Craig Hallum on Thursday, August 27.

ZAGG Company Profile

ZAGG Inc (ZAGG), incorporated on April 2, 2004, designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands. In addition, the Company designs, produces and distributes earbuds, headphones, mobile power solutions, Bluetooth speakers, cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. The Firm creates product solutions for users of mobile devices, and sells these products to clients through global distribution partners and online. The Firm offers products for various market divisions of handheld electronic devices, including smartphones, tablets, notebook computers, laptops, gaming devices, global positioning system (GPS) devices, watch faces, and similar devices and surfaces.

Another recent and important Zagg Inc (NASDAQ:ZAGG) news was published by Streetinsider.com which published an article titled: “ZAGG, Inc. (ZAGG) Tops Q3 EPS by 15c” on November 01, 2016.

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By Hazel Jackson


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