Short Interest to Follow: Could Align Technology Incorporated (NASDAQ:ALGN) See a Reversal After More Sellers Came In?

November 24, 2016 - By Clifton Ray   ·   0 Comments

Short Interest to Follow: Could Align Technology Incorporated (NASDAQ:ALGN) See a Reversal After More Sellers Came In?

The stock of Align Technology Incorporated (NASDAQ:ALGN) registered an increase of 15.92% in short interest. ALGN’s total short interest was 3.01 million shares in November as published by FINRA. Its up 15.92% from 2.60M shares, reported previously. With 796,300 shares average volume, it will take short sellers 4 days to cover their ALGN’s short positions. The short interest to Align Technology Incorporated’s float is 4.08%. The stock increased 1.15% or $1.09 on November 23, hitting $95.55. About 765,372 shares traded hands. Align Technology, Inc. (NASDAQ:ALGN) has risen 29.35% since April 22, 2016 and is uptrending. It has outperformed by 23.94% the S&P500.

Align Technology, Inc. designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing digital services used in dentistry, orthodontics and dental records storage. The company has a market cap of $7.48 billion. The Firm operates through two divisions: Clear Aligner segment and Scanner and Services (Scanner) segment. It has a 40.71 P/E ratio. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Express/Lite, Teen, Assist and Vivera Retainers, along with its training and ancillary products for treating malocclusion.

Insitutional Activity: The institutional sentiment increased to 1.41 in 2016 Q2. Its up 0.16, from 1.25 in 2016Q1. The ratio is positive, as 33 funds sold all Align Technology, Inc. shares owned while 99 reduced positions. 62 funds bought stakes while 103 increased positions. They now own 64.99 million shares or 4.19% less from 67.84 million shares in 2016Q1.
Stephens Ar, a Arkansas-based fund reported 87,636 shares. Babson Cap Mgmt Limited Company last reported 0.01% of its portfolio in the stock. Commonwealth Of Pennsylvania School Empls Retrmt Sys holds 0.02% or 14,044 shares in its portfolio. Pioneer Management holds 0.09% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 318,435 shares. Assetmark holds 0% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 51 shares. Ls Investment Advisors Limited Liability Co holds 0.03% or 5,045 shares in its portfolio. Analytic Limited Liability holds 0.02% or 23,083 shares in its portfolio. Stifel, a Missouri-based fund reported 95,095 shares. Moreover, Sg Americas Ltd Liability has 0.01% invested in Align Technology, Inc. (NASDAQ:ALGN) for 22,907 shares. Old Dominion Capital Incorporated last reported 6,128 shares in the company. Invesco Ltd has 795,758 shares for 0.02% of their US portfolio. Tru Com Of Vermont reported 101 shares or 0% of all its holdings. Cantab Prtnrs Ltd Liability Partnership reported 12,957 shares or 0% of all its holdings. Disciplined Growth Investors Inc Mn has 2.27% invested in the company for 1.12 million shares. Prudential Financial last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since August 9, 2016, the stock had 0 insider buys, and 7 selling transactions for $12.87 million net activity. Another trade for 3,000 shares valued at $277,800 was made by Tay Julie on Tuesday, August 9. $1.30M worth of shares were sold by Relic Zelko on Monday, August 15. 62,479 Align Technology, Inc. (NASDAQ:ALGN) shares with value of $5.72 million were sold by LACOB JOSEPH. On Monday, August 29 the insider Olson Jennifer sold $74,545. SANTORA GREG J sold 10,700 shares worth $979,130. $1.07M worth of Align Technology, Inc. (NASDAQ:ALGN) was sold by WHITE DAVID L.

Align Technology, Inc. (NASDAQ:ALGN) Ratings Coverage

Out of 8 analysts covering Align Technology (NASDAQ:ALGN), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Align Technology has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Robert W. Baird given on Monday, October 3. The firm has “Outperform” rating given on Wednesday, May 11 by Credit Suisse. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Overweight” rating by Piper Jaffray on Wednesday, November 18. The company was maintained on Friday, January 29 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 23. Leerink Swann initiated the stock with “Outperform” rating in Friday, September 11 report. The firm has “Buy” rating by Roth Capital given on Wednesday, March 23.

ALGN Company Profile

Align Technology, Inc., incorporated on April 3, 1997, designs, makes and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Firm operates through two divisions: Clear Aligner segment and Scanner and Services (Scanner) segment. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Express/Lite, Teen, Assist and Vivera Retainers, along with its training and ancillary products for treating malocclusion. The Scanner segment consists of intra-oral scanning systems and other services available with the intra-oral scanners that provide digital alternatives to the traditional cast models. The Company’s iTero scanner is used by dental professionals, and labs and services for restorative and orthodontic digital procedures, as well as Invisalign digital impression submission.

More news for Align Technology, Inc. (NASDAQ:ALGN) were recently published by: Fool.com, which released: “Align Technology Inc. Beats Q3 Expectations With Record Invisalign Volume” on November 07, 2016. Forbes.com‘s article titled: “Relative Strength Alert For Align Technology” and published on October 26, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Clifton Ray


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>