Today’s Short Interest Alert: Arctic Cat Incorporated (NASDAQ:ACAT) Can’t Be Less Risky. Short Interest Decreased

November 23, 2016 - By Louis Casey   ·   0 Comments

Today's Short Interest Alert: Arctic Cat Incorporated (NASDAQ:ACAT) Can't Be Less Risky. Short Interest Decreased

The stock of Arctic Cat Incorporated (NASDAQ:ACAT) registered a decrease of 4.96% in short interest. ACAT’s total short interest was 2.15 million shares in November as published by FINRA. Its down 4.96% from 2.26 million shares, reported previously. With 96,200 shares average volume, it will take short sellers 22 days to cover their ACAT’s short positions. The short interest to Arctic Cat Incorporated’s float is 16.62%. The stock closed at $16.11 during the last session. It is down 0.88% since April 21, 2016 and is uptrending. It has underperformed by 4.45% the S&P500.

Arctic Cat Inc. designs, engineers, makes and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The company has a market cap of $220.60 million. The Firm offers its products under the Arctic Cat and MotorFist brand names. It currently has negative earnings. The Firm operates through two divisions: snowmobile and ATV/ROV, and PG&A.

Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.36, from 0.93 in 2016Q1. The ratio increased, as 16 funds sold all Arctic Cat Inc shares owned while 26 reduced positions. 5 funds bought stakes while 34 increased positions. They now own 12.49 million shares or 0.67% less from 12.57 million shares in 2016Q1.
Price T Rowe Assoc Md has 807,645 shares for 0% of their US portfolio. Dimensional Fund Advisors Lp accumulated 0.01% or 705,015 shares. Ls Inv Ltd Llc reported 444 shares or 0% of all its holdings. Jacobs Levy Equity Management, a New Jersey-based fund reported 39,140 shares. Prudential Financial Inc reported 30,745 shares or 0% of all its holdings. Northern Tru Corp reported 176,617 shares or 0% of all its holdings. Landscape Management Ltd Liability Corporation accumulated 0.09% or 40,090 shares. Schwab Charles Inv Mgmt reported 102,779 shares or 0% of all its holdings. Moreover, Invesco has 0.01% invested in Arctic Cat Inc (NASDAQ:ACAT) for 2.22M shares. Rhumbline Advisers holds 0% or 20,534 shares in its portfolio. Pinebridge Investments L P has invested 0% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT). California Public Employees Retirement System holds 0% or 59,900 shares in its portfolio. Panagora Asset Mngmt has 1,375 shares for 0% of their US portfolio. Moreover, Wall Street Associate has 0.78% invested in Arctic Cat Inc (NASDAQ:ACAT) for 114,980 shares. Fmr Limited Liability Company, a Massachusetts-based fund reported 1.24M shares.

Insider Transactions: Since August 3, 2016, the stock had 1 buy, and 0 insider sales for $74,450 net activity. DUFF ANDREW S also bought $74,450 worth of Arctic Cat Inc (NASDAQ:ACAT) on Wednesday, August 3.

Arctic Cat Inc (NASDAQ:ACAT) Ratings Coverage

Out of 6 analysts covering Arctic Cat (NASDAQ:ACAT), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Arctic Cat has been the topic of 13 analyst reports since October 22, 2015 according to StockzIntelligence Inc. As per Monday, January 11, the company rating was downgraded by Raymond James. The firm has “Hold” rating by Wunderlich given on Wednesday, September 14. Wunderlich maintained Arctic Cat Inc (NASDAQ:ACAT) on Thursday, October 22 with “Hold” rating. The firm earned “Market Perform” rating on Monday, October 26 by BMO Capital Markets. Wunderlich maintained it with “Hold” rating and $17.0 target price in Tuesday, December 15 report. The stock of Arctic Cat Inc (NASDAQ:ACAT) earned “Sell” rating by Wunderlich on Thursday, May 12. BMO Capital Markets downgraded Arctic Cat Inc (NASDAQ:ACAT) on Thursday, November 10 to “Underperform” rating. As per Friday, March 11, the company rating was downgraded by Wunderlich. The rating was downgraded by Northcoast to “Neutral” on Friday, June 17. Wedbush maintained it with “Neutral” rating and $12 target price in Friday, January 29 report.

ACAT Company Profile

Arctic Cat Inc. (Arctic Cat), incorporated on October 29, 1982, designs, engineers, makes and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The Firm offers its products under the Arctic Cat and MotorFist brand names. The Firm operates through two divisions: snowmobile and ATV/ROV, and PG&A. The Firm markets its products through a network of independent dealers located throughout the United States, Canada and Europe, and through distributors representing dealers in Europe, Russia, South America, the Middle East, China, Asia and other international markets.

More important recent Arctic Cat Inc (NASDAQ:ACAT) news were published by: Fool.com which released: “Better Buy: Polaris Industries Inc. vs. Arctic Cat” on September 22, 2016, also Startribune.com published article titled: “Arctic Cat’s turnaround hits another bump with third-quarter loss”, Businesswire.com published: “Arctic Cat Completes Headquarters Move to Minneapolis” on August 17, 2016. More interesting news about Arctic Cat Inc (NASDAQ:ACAT) was released by: Businesswire.com and their article: “Arctic Cat Introduces Second Wave of 2017 ATV and ROV Models” with publication date: September 16, 2016.

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By Louis Casey


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