Follow The Short Interest: What’s in Analogic Corporation (NASDAQ:ALOG) After Rise in Shorted Shares?

November 24, 2016 - By kentuckypostne   ·   0 Comments

Follow The Short Interest: What’s in Analogic Corporation (NASDAQ:ALOG) After Rise in Shorted Shares?

The stock of Analogic Corporation (NASDAQ:ALOG) registered an increase of 10.51% in short interest. ALOG’s total short interest was 887,300 shares in November as published by FINRA. Its up 10.51% from 802,900 shares, reported previously. With 67,200 shares average volume, it will take short sellers 13 days to cover their ALOG’s short positions. The short interest to Analogic Corporation’s float is 7.22%. The stock increased 0.96% or $0.9 on November 23, hitting $94.25. About 50,986 shares traded hands. Analogic Corporation (NASDAQ:ALOG) has risen 18.21% since April 22, 2016 and is uptrending. It has outperformed by 12.80% the S&P500.

Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The company has a market cap of $1.18 billion. The Firm operates through three divisions: Medical Imaging, Ultrasound, and Security and Detection. It has a 98.09 P/E ratio. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography , magnetic resonance imaging (MRI) and high-resolution digital mammography.

Insitutional Activity: The institutional sentiment decreased to 1.22 in 2016 Q2. Its down 0.31, from 1.53 in 2016Q1. The ratio turned negative, as 13 funds sold all Analogic Corporation shares owned while 36 reduced positions. 14 funds bought stakes while 61 increased positions. They now own 11.61 million shares or 5.96% less from 12.35 million shares in 2016Q1.
Swiss Comml Bank holds 0% or 19,500 shares in its portfolio. Blackrock owns 3,216 shares or 0% of their US portfolio. Signaturefd Ltd Liability Company has 10 shares for 0% of their US portfolio. Victory Cap Management holds 0.05% of its portfolio in Analogic Corporation (NASDAQ:ALOG) for 156,219 shares. Ameriprise Financial Inc accumulated 0.02% or 481,256 shares. Calvert Mngmt owns 41,378 shares or 0.17% of their US portfolio. Dalton Greiner Hartman Maher And holds 0.88% or 178,910 shares in its portfolio. California Public Employees Retirement Systems accumulated 58,700 shares or 0.01% of the stock. Thrivent For Lutherans has 0.08% invested in the company for 208,980 shares. Rhumbline Advisers holds 0.01% or 21,977 shares in its portfolio. Moreover, First Republic has 0% invested in Analogic Corporation (NASDAQ:ALOG) for 4,759 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Analogic Corporation (NASDAQ:ALOG). Greenwich Wealth Llc accumulated 0.17% or 3,874 shares. State Street Corp holds 0% of its portfolio in Analogic Corporation (NASDAQ:ALOG) for 274,493 shares. Princeton Capital Management has invested 0.67% of its portfolio in Analogic Corporation (NASDAQ:ALOG).

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 20 selling transactions for $1.87 million net activity. $41,770 worth of Analogic Corporation (NASDAQ:ALOG) was sold by Green James W. Ryan James Patrick sold $150,840 worth of stock or 1,676 shares. $102,275 worth of Analogic Corporation (NASDAQ:ALOG) was sold by Chandra Shalabh on Monday, July 18. Faltas Mervat sold $157,451 worth of stock or 1,897 shares.

Analogic Corporation (NASDAQ:ALOG) Ratings Coverage

Out of 2 analysts covering Analogic Company (NASDAQ:ALOG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Analogic Company has been the topic of 3 analyst reports since November 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Brean Capital on Thursday, September 22 with “Buy”. The stock of Analogic Corporation (NASDAQ:ALOG) has “Neutral” rating given on Thursday, March 24 by Sidoti.

ALOG Company Profile

Analogic Corporation, incorporated on November 27, 1967, designs, makes and commercializes guidance, diagnostic imaging and threat detection technologies. The Firm operates through three divisions: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography. The Company’s Ultrasound business segment provides ultrasound procedure guidance systems for the urology and surgery markets. The Company’s Security and Detection segment creates and makes automated threat detection systems for aviation baggage inspection applications utilizing medical CT technology and systems used for deoxyribonucleic acid (DNA) analysis for law enforcement and government agencies. It sells its Medical Imaging products primarily through multinational medical original equipment manufacturers or OEMs. It sells ultrasound products, under the BK Ultrasound brand. It sells aviation threat detection and DNA systems through multinational partners.

More recent Analogic Corporation (NASDAQ:ALOG) news were published by: Globenewswire.com which released: “Analogic Announces Leadership Transition” on October 24, 2016. Also Wsj.com published the news titled: “Analogic Corp. Profit Falls Sharply on Medical-Imaging and Security Segments” on March 10, 2015. Bizjournals.com‘s news article titled: “Analogic announces job cuts as manufacturing moves from Peabody to China” with publication date: September 16, 2015 was also an interesting one.

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