Short Interest Runner: Ari Network Services Incorporated (NASDAQ:ARIS)’s Trend Up, Especially After Decreased Shorts

November 24, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Runner: Ari Network Services Incorporated (NASDAQ:ARIS)’s Trend Up, Especially After Decreased Shorts

The stock of Ari Network Services Incorporated (NASDAQ:ARIS) registered a decrease of 10.61% in short interest. ARIS’s total short interest was 21,900 shares in November as published by FINRA. Its down 10.61% from 24,500 shares, reported previously. With 40,100 shares average volume, it will take short sellers 1 days to cover their ARIS’s short positions. The short interest to Ari Network Services Incorporated’s float is 0.22%. The stock decreased 0.46% or $0.03 on November 23, hitting $5.46. About 27,737 shares traded hands. ARI Network Services, Inc. (NASDAQ:ARIS) has risen 23.81% since April 22, 2016 and is uptrending. It has outperformed by 18.40% the S&P500.

ARI Network Services, Inc. provides Website, software and data solutions. The company has a market cap of $95.35 million. The Company’s solutions include Lead Generation and eCommerce Websites, eCatalogs, Business Management Software, Digital Marketing Services. It has a 55.49 P/E ratio. It offers a menu of Website add-ons, including a mobile inventory management application, third-party inventory integrations and business management integrations.

Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 1.20, from 0.8 in 2016Q1. The ratio is positive, as 2 funds sold all ARI Network Services, Inc. shares owned while 8 reduced positions. 3 funds bought stakes while 5 increased positions. They now own 3.04 million shares or 66.46% less from 9.07 million shares in 2016Q1.
Blackrock Fund Advsrs last reported 7,383 shares in the company. Wellington Mngmt Grp Inc Llp, a Massachusetts-based fund reported 1.52M shares. Jbf Cap holds 0.01% or 12,200 shares in its portfolio. The Pennsylvania-based Vanguard Group has invested 0% in ARI Network Services, Inc. (NASDAQ:ARIS). Ladenburg Thalmann Serv has 0% invested in the company for 50 shares. Acadian Asset Mgmt accumulated 0% or 3,424 shares. Walleye Trading holds 13 shares or 0% of its portfolio. The Germany-based Deutsche National Bank & Trust Ag has invested 0% in ARI Network Services, Inc. (NASDAQ:ARIS). Morgan Stanley holds 0% of its portfolio in ARI Network Services, Inc. (NASDAQ:ARIS) for 721 shares. The California-based Lpl Limited has invested 0% in ARI Network Services, Inc. (NASDAQ:ARIS). Tower Research Cap Lc (Trc), a New York-based fund reported 700 shares. Geode Cap Management holds 0% of its portfolio in ARI Network Services, Inc. (NASDAQ:ARIS) for 69,276 shares. Blackrock Investment Ltd Limited Liability Company accumulated 0% or 2,858 shares. Perritt Mngmt Inc accumulated 0.14% or 128,800 shares. Magee Thomson Inv Partners Ltd Company has 0% invested in the company for 201 shares.

ARI Network Services, Inc. (NASDAQ:ARIS) Ratings Coverage

Out of 3 analysts covering ARI Network Services (NASDAQ:ARIS), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. ARI Network Services has been the topic of 4 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The stock of ARI Network Services, Inc. (NASDAQ:ARIS) earned “Outperform” rating by Barrington Research on Monday, January 25. The stock has “Buy” rating given by Craig Hallum on Monday, September 14. The company was maintained on Friday, March 11 by Ascendiant Capital.

ARIS Company Profile

ARI Network Services, Inc. (ARI), incorporated on July 23, 1981, provides Website, software and data solutions. The Company’s solutions include Lead Generation and eCommerce Websites, eCatalogs, Business Management Software, Digital Marketing Services. The Firm also offers a suite of solutions, which include software, Website customization, professional services and hosting services. The Firm serves various industries, which include powersports, medical equipment, marine, tire and wheel, outdoor power equipment, appliances and recreational vehicles.

More important recent ARI Network Services, Inc. (NASDAQ:ARIS) news were published by: Biztimes.com which released: “ARI Network Services paid $10.3 million for Auction123” on November 07, 2016, also Biztimes.com published article titled: “ARI Network Services reports higher profit in Q4”, Jsonline.com published: “ARI Network Services acquires Florida firm” on November 02, 2016. More interesting news about ARI Network Services, Inc. (NASDAQ:ARIS) was released by: Reuters.com and their article: “BRIEF-ARI Network Services entered into a second loan modification agreement …” with publication date: November 04, 2016.

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By Ellis Scott

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