Short Interest Reporting: Does Arris International Plc Ord (NASDAQ:ARRS) Have Gas After Even More Sellers Involved?

November 24, 2016 - By Richard Conner   ·   0 Comments

Short Interest Reporting: Does Arris International Plc Ord (NASDAQ:ARRS) Have Gas After Even More Sellers Involved?

The stock of Arris International Plc Ord (NASDAQ:ARRS) registered an increase of 13.06% in short interest. ARRS’s total short interest was 5.24M shares in November as published by FINRA. Its up 13.06% from 4.64 million shares, reported previously. With 1.71 million shares average volume, it will take short sellers 3 days to cover their ARRS’s short positions. The short interest to Arris International Plc Ord’s float is 2.78%. The stock increased 1.14% or $0.33 on November 23, hitting $29.37. About 890,179 shares traded hands. ARRIS International plc (NASDAQ:ARRS) has risen 31.53% since April 22, 2016 and is uptrending. It has outperformed by 26.12% the S&P500.

ARRIS International plc focuses on entertainment and communications technology. The company has a market cap of $5.58 billion. The Firm operates in two divisions: Customer Premises Equipment , and Network & Cloud (N&C). It currently has negative earnings. The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem.

Insitutional Activity: The institutional sentiment decreased to 0.33 in 2016 Q2. Its down 2.00, from 2.33 in 2016Q1. The ratio worsened, as 3 funds sold all ARRIS International plc shares owned while 0 reduced positions. 6 funds bought stakes while 1 increased positions. They now own 810,526 shares or 32.66% less from 1.20 million shares in 2016Q1.
Water Island Cap Ltd Co has 0% invested in the company for 325 shares. Vantage Investment Advsrs Ltd Limited Liability Company has 0.02% invested in the company for 2,251 shares. Moreover, Schwartz Investment Counsel has 0.52% invested in ARRIS International plc (NASDAQ:ARRS) for 340,000 shares. Winch Advisory Services Llc accumulated 427 shares or 0.36% of the stock. Janney Montgomery Scott Ltd Company owns 7,811 shares or 0% of their US portfolio. Golden Gate Private Equity Inc holds 3.2% or 280,763 shares in its portfolio. Paradigm Asset Mgmt Ltd has invested 0% of its portfolio in ARRIS International plc (NASDAQ:ARRS). Gemmer Asset Mgmt Ltd Limited Liability Company holds 94 shares or 0% of its portfolio. Baxter Bros last reported 1.28% of its portfolio in the stock.

ARRIS International plc (NASDAQ:ARRS) Ratings Coverage

Out of 10 analysts covering Arris Group Inc. (NASDAQ:ARRS), 8 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 80% are positive. Arris Group Inc. has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of ARRIS International plc (NASDAQ:ARRS) has “Overweight” rating given on Tuesday, September 20 by Morgan Stanley. The rating was downgraded by Zacks to “Sell” on Monday, September 21. The firm earned “Buy” rating on Thursday, July 30 by Needham. The company was initiated on Friday, July 24 by Drexel Hamilton. The stock of ARRIS International plc (NASDAQ:ARRS) has “Buy” rating given on Friday, July 29 by Jefferies. Goldman Sachs downgraded ARRIS International plc (NASDAQ:ARRS) rating on Monday, March 14. Goldman Sachs has “Neutral” rating and $26 price target. The company was maintained on Thursday, July 30 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, October 29 by Needham. The company was maintained on Thursday, February 18 by Needham. The stock has “Buy” rating given by Jefferies on Friday, June 10.

ARRS Company Profile

ARRIS International plc (ARRIS), incorporated on April 20, 2015, focuses on entertainment and communications technology. The Firm operates in two divisions: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Firm enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers. It is engaged in offering set-tops, digital video and IP television (IPTV) distribution systems, broadband access infrastructure platforms, and associated data and voice CPE, which it also sells directly to clients through retail channels. The Company’s solutions are complemented by an array of services, including technical support, repair and refurbishment, and system design and integration.

More notable recent ARRIS International plc (NASDAQ:ARRS) news were published by: Fool.com which released: “Why ARRIS International plc. Jumped 19% Higher Today” on July 28, 2016, also Fool.com with their article: “Why ARRIS International plc Stock Dropped Today” published on February 18, 2016, Fool.com published: “How ARRIS International plc Rose 30% in July” on August 07, 2016. More interesting news about ARRIS International plc (NASDAQ:ARRS) were released by: Seekingalpha.com and their article: “ARRIS International Plc (ARRS) Q3 2016 Results – Earnings Call Transcript” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “ARRIS International Plc (ARRS) Robert J. Stanzione on Q2 2016 Results …” with publication date: July 28, 2016.

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By Richard Conner


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