Short Interest Change: Is Buying International Business Machines (NYSE:IBM), Having Higher Short Interest a Winning Strategy?

November 25, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Change: Is Buying International Business Machines (NYSE:IBM), Having Higher Short Interest a Winning Strategy?

The stock of International Business Machines (NYSE:IBM) registered an increase of 1.36% in short interest. IBM’s total short interest was 23.95 million shares in November as published by FINRA. Its up 1.36% from 23.63 million shares, reported previously. With 4.66M shares average volume, it will take short sellers 5 days to cover their IBM’s short positions. The short interest to International Business Machines’s float is 2.75%. About 240 shares traded hands. International Business Machines Corp. (NYSE:IBM) has risen 9.08% since April 22, 2016 and is uptrending. It has outperformed by 3.67% the S&P500.

International Business Machines Corporation is a technology company. The company has a market cap of $153.37 billion. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. It has a 13.21 P/E ratio. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.10, from 0.81 in 2016Q1. The ratio is positive, as 70 funds sold all International Business Machines Corp. shares owned while 663 reduced positions. 85 funds bought stakes while 507 increased positions. They now own 540.67 million shares or 8.01% less from 587.72 million shares in 2016Q1.
Headinvest Limited Liability holds 0.16% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 2,808 shares. Ruane Cunniff Goldfarb owns 14,707 shares or 0.02% of their US portfolio. Stillwater Mgmt Limited Company has 13,251 shares for 1.15% of their US portfolio. Earnest Prtn Ltd Limited Liability Company, a Georgia-based fund reported 104,799 shares. California State Teachers Retirement System accumulated 0.62% or 1.88 million shares. Schnieders Cap Mngmt Ltd Liability has 18,394 shares for 1.56% of their US portfolio. Horrell Mgmt, a Arkansas-based fund reported 139 shares. Baxter Bros has invested 0.49% of its portfolio in International Business Machines Corp. (NYSE:IBM). Umb Bancorp N A Mo has 0.29% invested in the company for 44,926 shares. James Investment, a Ohio-based fund reported 103,137 shares. Arcadia Investment Mngmt Corp Mi last reported 0.01% of its portfolio in the stock. Moreover, X Mgmt Co Lc has 0% invested in International Business Machines Corp. (NYSE:IBM) for 587 shares. Gardner Russo & Gardner Ltd Com accumulated 0.01% or 11,274 shares. Next Group Inc holds 0.23% or 4,862 shares in its portfolio. Overbrook Management accumulated 0.08% or 2,668 shares.

Insider Transactions: Since August 2, 2016, the stock had 1 buy, and 15 sales for $10.37 million net activity. 1,300 shares were bought by FARR DAVID N, worth $194,904 on Tuesday, October 25. 2,984 shares with value of $474,458 were sold by Clementi Erich on Thursday, August 25. IWATA JON C sold $3.15 million worth of International Business Machines Corp. (NYSE:IBM) on Tuesday, November 15. van Kralingen Bridget A also sold $342,262 worth of International Business Machines Corp. (NYSE:IBM) shares. KELLY JOHN E III sold $1.08M worth of International Business Machines Corp. (NYSE:IBM) on Tuesday, August 2. Rhodin Michael D. sold $152,310 worth of stock. Shares for $607,865 were sold by JETTER MARTIN.

International Business Machines Corp. (NYSE:IBM) Ratings Coverage

Out of 22 analysts covering International Business Machines (NYSE:IBM), 7 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 32% are positive. International Business Machines has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Deutsche Bank given on Wednesday, January 20. Drexel Hamilton initiated the stock with “Buy” rating in Friday, October 9 report. Citigroup maintained it with “Neutral” rating and $155 target price in Wednesday, October 21 report. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, April 19. The stock has “Neutral” rating given by JP Morgan on Tuesday, April 19. The rating was maintained by Goldman Sachs on Tuesday, September 22 with “Neutral”. The rating was upgraded by Argus Research on Wednesday, August 26 to “Buy”. Bank of America upgraded the shares of IBM in a report on Thursday, November 10 to “Buy” rating. Drexel Hamilton maintained International Business Machines Corp. (NYSE:IBM) rating on Tuesday, April 19. Drexel Hamilton has “Buy” rating and $166 price target. Bernstein maintained the stock with “Market Perform” rating in Tuesday, July 19 report.

IBM Company Profile

International Business Machines Corporation (IBM), incorporated on June 16, 1911, is a technology company. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing.

More important recent International Business Machines Corp. (NYSE:IBM) news were published by: Profitconfidential.com which released: “International Business Machines: IBM Stock Is Setting up to Run” on November 25, 2016, also Fool.com published article titled: “Better Buy: International Business Machines Corporation vs. Oracle”, Forbes.com published: “International Business Machines Reaches Analyst Target Price” on November 11, 2016. More interesting news about International Business Machines Corp. (NYSE:IBM) was released by: Fool.com and their article: “International Business Machines Corp: 3 Things You Need to Know” with publication date: October 27, 2016.

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By Dolores Ford

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