Short Interest Coverage: Could Arrow Electrs Incorporated (NYSE:ARW) Skyrocket? The Stock Had Too Little Sellers

November 24, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Coverage: Could Arrow Electrs Incorporated (NYSE:ARW) Skyrocket? The Stock Had Too Little Sellers

The stock of Arrow Electrs Incorporated (NYSE:ARW) registered a decrease of 2.18% in short interest. ARW’s total short interest was 1.82M shares in November as published by FINRA. Its down 2.18% from 1.86 million shares, reported previously. With 372,600 shares average volume, it will take short sellers 5 days to cover their ARW’s short positions. The short interest to Arrow Electrs Incorporated’s float is 2.14%. The stock increased 0.46% or $0.31 on November 23, hitting $67.79. About 328,740 shares traded hands. Arrow Electronics, Inc. (NYSE:ARW) has risen 6.55% since April 22, 2016 and is uptrending. It has outperformed by 1.15% the S&P500.

Arrow Electronics, Inc. is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company has a market cap of $6.18 billion. The Firm has a portfolio of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. It has a 12.19 P/E ratio. The Firm operates in two divisions: Global Components and Global Enterprise Computing Solutions.

Insitutional Activity: The institutional sentiment decreased to 0.73 in 2016 Q2. Its down 0.58, from 1.31 in 2016Q1. The ratio dived, as 26 funds sold all Arrow Electronics, Inc. shares owned while 106 reduced positions. 31 funds bought stakes while 142 increased positions. They now own 84.57 million shares or 7.10% less from 91.03 million shares in 2016Q1.
Fdx Advsrs Inc has 0.03% invested in the company for 9,853 shares. Schafer Cullen Cap Mgmt last reported 114,413 shares in the company. Winfield Assocs holds 0% or 45 shares in its portfolio. The Tennessee-based State Of Tennessee Treasury Department has invested 0.04% in Arrow Electronics, Inc. (NYSE:ARW). American Group last reported 0% of its portfolio in the stock. Daiwa Sb Investments accumulated 2,700 shares or 0.05% of the stock. Twin Mgmt Incorporated has invested 0.04% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). Cipher Limited Partnership owns 56,484 shares or 0.25% of their US portfolio. Jacobs Levy Equity Management has 160,488 shares for 0.21% of their US portfolio. Finemark Bancorporation And Tru holds 0% or 15 shares in its portfolio. Nomura Hldgs has 4,900 shares for 0% of their US portfolio. Seven Eight Capital Ltd Limited Liability Company reported 2,800 shares or 0.06% of all its holdings. Commonwealth Fincl Bank Of Aus reported 24,395 shares or 0.02% of all its holdings. Comerica Financial Bank holds 0.04% or 67,183 shares in its portfolio. Advisory Ltd Llc reported 178 shares or 0% of all its holdings.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 5 selling transactions for $7.60 million net activity. Another trade for 44,777 shares valued at $2.97M was made by LONG MICHAEL J on Monday, August 22. REILLY PAUL J sold 50,705 shares worth $3.42 million. On Tuesday, August 9 Tarpinian Gregory sold $66,400 worth of the stock or 1,000 shares. 14,785 Arrow Electronics, Inc. (NYSE:ARW) shares with value of $976,446 were sold by BRYANT ANDREW S. $168,033 worth of Arrow Electronics, Inc. (NYSE:ARW) was sold by Melvin Vincent P.

Arrow Electronics, Inc. (NYSE:ARW) Ratings Coverage

Out of 7 analysts covering Arrow Electronics Inc. (NYSE:ARW), 5 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. Arrow Electronics Inc. has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Longbow upgraded Arrow Electronics, Inc. (NYSE:ARW) on Friday, January 22 to “Buy” rating. On Monday, May 9 the stock rating was maintained by Goldman Sachs with “Buy”. The rating was upgraded by Zacks to “Hold” on Monday, August 31. The stock has “Buy” rating given by CLSA on Wednesday, July 29. The company was downgraded on Thursday, October 29 by CLSA. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, September 20. The rating was upgraded by Credit Agricole on Wednesday, July 29 to “Buy”. The company was initiated on Wednesday, April 27 by Bank of America. Citigroup downgraded Arrow Electronics, Inc. (NYSE:ARW) on Monday, May 2 to “Sell” rating. The company was downgraded on Thursday, October 29 by Credit Agricole.

ARW Company Profile

Arrow Electronics, Inc., incorporated on November 20, 1946, is a well-known provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Firm has a portfolio of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. The Firm operates in two divisions: Global Components and Global Enterprise Computing Solutions. The Firm distributes electronic components to original equipment manufacturers and contract manufacturers through its Global Components segment and provides enterprise computing solutions to value-added resellers (VARs) through its Global Enterprise Computing Solutions segment.

Another recent and important Arrow Electronics, Inc. (NYSE:ARW) news was published by Businesswire.com which published an article titled: “Arrow Electronics’ Semi-Autonomous Car Hits Record 152 MPH With Quadriplegic …” on May 22, 2016.

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By Marguerite Chambers


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