Today’s Stock On Watch: Arotech Corporation (NASDAQ:ARTX) Shorted Shares Decreased By 14.82%

November 24, 2016 - By Marie Mckinney   ·   0 Comments

Today's Stock On Watch: Arotech Corporation (NASDAQ:ARTX) Shorted Shares Decreased By 14.82%

The stock of Arotech Corporation (NASDAQ:ARTX) registered a decrease of 14.82% in short interest. ARTX’s total short interest was 276,500 shares in November as published by FINRA. Its down 14.82% from 324,600 shares, reported previously. With 221,100 shares average volume, it will take short sellers 1 days to cover their ARTX’s short positions. The short interest to Arotech Corporation’s float is 1.44%. The stock closed at $3.5 during the last session. It is down 13.58% since April 22, 2016 and is downtrending. It has underperformed by 18.99% the S&P500.

Arotech Corporation is a defense and security services and products company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The company has a market cap of $98.14 million. The Firm operates through two divisions: Training and Simulation Division, and Power Systems Division. It has a 214.86 P/E ratio. The Company’s Training and Simulation Division develops, makes and markets multimedia and interactive digital solutions for engineering, use-of-force training and operator training of military, law enforcement, security, emergency services and other personnel.

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.23, from 1.15 in 2016Q1. The ratio dropped, as 5 funds sold all Arotech Corporation shares owned while 8 reduced positions. 9 funds bought stakes while 6 increased positions. They now own 4.06 million shares or 61.11% more from 2.52 million shares in 2016Q1.
Fny Managed Accounts owns 26,200 shares or 0% of their US portfolio. Jpmorgan Chase accumulated 300 shares or 0% of the stock. First Manhattan last reported 0% of its portfolio in the stock. Oxford Asset Management holds 345,482 shares or 0.04% of its portfolio. Northern Tru has 0% invested in the company for 41,728 shares. Blackrock Fund Advisors last reported 0% of its portfolio in the stock. The New York-based Spark Invest Management Llc has invested 0.04% in Arotech Corporation (NASDAQ:ARTX). National Bank Of Mellon Corporation last reported 0% of its portfolio in the stock. Geode Mngmt Ltd accumulated 0% or 152,556 shares. Dimensional Fund Advsr Ltd Partnership has 0% invested in the company for 472,215 shares. Deutsche Bancshares Ag accumulated 3 shares or 0% of the stock. Vanguard Grp Inc Inc has 0% invested in the company for 942,064 shares. Gsa Ltd Liability Partnership, a United Kingdom-based fund reported 34,800 shares. Bridgeway holds 416,063 shares or 0.02% of its portfolio. Cannell Capital Limited Liability Corporation, a Wyoming-based fund reported 333,735 shares.

Insider Transactions: Since June 1, 2016, the stock had 7 insider buys, and 1 sale for $213,131 net activity. Another trade for 11,000 shares valued at $36,715 was bought by Cappell Kenneth W. 10,000 Arotech Corporation (NASDAQ:ARTX) shares with value of $25,000 were bought by Kutler Jon B. 10,000 shares were sold by EHRLICH ROBERT S, worth $30,250. $13,059 worth of Arotech Corporation (NASDAQ:ARTX) was bought by Hagenbuch Lawrence F on Friday, November 11.

ARTX Company Profile

Arotech Corporation, incorporated on December 20, 1990, is a defense and security services and products company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Firm operates through two divisions: Training and Simulation Division, and Power Systems Division. The Company’s Training and Simulation Division develops, makes and markets multimedia and interactive digital solutions for engineering, use-of-force training and operator training of military, law enforcement, security, emergency services and other personnel. The Company’s Power Systems Division provides battery solutions, energy management and power distribution technologies and product design and manufacturing services for the aerospace, defense, law enforcement, homeland security markets, and it makes and sells rechargeable batteries for defense and security products and medical and industrial applications.

More news for Arotech Corporation (NASDAQ:ARTX) were recently published by: Zacks.com, which released: “3 Reasons Value Stock Investors Will Love Arotech Corporation (ARTX)” on March 31, 2016. Prnewswire.com‘s article titled: “Arotech Announces $3 Million Stock Investment by Admiralty Partners, Inc.” and published on February 03, 2016 is yet another important article.

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By Marie Mckinney

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