Short Interest Coverage: Activision Blizzard Incorporated (NASDAQ:ATVI)’s Trend Unknown, Especially After Increased Shorts

November 25, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Coverage: Activision Blizzard Incorporated (NASDAQ:ATVI)’s Trend Unknown, Especially After Increased Shorts

The stock of Activision Blizzard Incorporated (NASDAQ:ATVI) registered an increase of 7.35% in short interest. ATVI’s total short interest was 21.34M shares in November as published by FINRA. Its up 7.35% from 19.88M shares, reported previously. With 5.73 million shares average volume, it will take short sellers 4 days to cover their ATVI’s short positions. The short interest to Activision Blizzard Incorporated’s float is 3.12%. The stock increased 0.24% or $0.09 on November 23, hitting $37.26. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 7.53% since April 22, 2016 and is uptrending. It has outperformed by 2.12% the S&P500.

Activision Blizzard, Inc. is a developer and publisher of online, personal computer , video game console, handheld, mobile and tablet games. The company has a market cap of $27.76 billion. The Firm operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other divisions. It has a 32.37 P/E ratio. The Firm also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy.

Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.01, from 1.38 in 2016Q1. The ratio increased, as 39 funds sold all Activision Blizzard, Inc. shares owned while 173 reduced positions. 84 funds bought stakes while 208 increased positions. They now own 598.35 million shares or 17.54% more from 509.05 million shares in 2016Q1.
Dai Ichi Life Ltd holds 0.01% or 9,757 shares in its portfolio. Oz Mgmt Limited Partnership last reported 14.19M shares in the company. Consolidated Invest Gru Lc holds 2% or 99,962 shares in its portfolio. Swiss Fincl Bank reported 1.64 million shares or 0.11% of all its holdings. Dg Cap last reported 1.39% of its portfolio in the stock. Putnam Invs Lc accumulated 0% or 11,221 shares. Oregon Employees Retirement Fund has invested 0.11% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Egerton Capital (Uk) Limited Liability Partnership has 11.06 million shares for 4.92% of their US portfolio. Bessemer Gru has 5,062 shares for 0% of their US portfolio. Natixis Asset Mgmt owns 14,073 shares or 0.06% of their US portfolio. Catalyst Cap accumulated 1.36% or 185,000 shares. Tower Cap Ltd Liability Corp (Trc) accumulated 8,918 shares or 0.03% of the stock. Ubs Oconnor Limited Company, a Illinois-based fund reported 75,543 shares. Massachusetts Fincl Ser Ma has invested 0.02% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). Janney Montgomery Scott Limited Liability Company has 57,095 shares for 0.03% of their US portfolio.

Insider Transactions: Since June 13, 2016, the stock had 1 insider buy, and 11 selling transactions for $929.08 million net activity. On Monday, August 15 the insider Tippl Thomas sold $1.86M. 19,761 shares with value of $792,229 were sold by ZACCONI RICCARDO on Wednesday, November 16. Shares for $1.95M were sold by Walther Christopher B. $1.31 million worth of shares were sold by MORGADO ROBERT J on Wednesday, September 14. $347.24M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) shares were sold by KOTICK ROBERT A. $523.03M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) shares were sold by KELLY BRIAN G. $43.88M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) was sold by Morhaime Michael on Monday, June 13.

Activision Blizzard, Inc. (NASDAQ:ATVI) Ratings Coverage

Out of 22 analysts covering Activision Blizzard (NASDAQ:ATVI), 19 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 86% are positive. $56 is the highest target while $29.51 is the lowest. The $42.21 average target is 13.29% above today’s ($37.26) stock price. Activision Blizzard has been the topic of 63 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by M Partners with “Buy” on Friday, October 23. UBS maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Wednesday, August 5 with “Buy” rating. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Neutral” rating by Hilliard Lyons on Thursday, August 6. The firm has “Buy” rating by Mizuho given on Friday, May 6. The rating was downgraded by M Partners on Thursday, July 28 to “Neutral”. The company was maintained on Friday, August 7 by Pacific Crest. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Neutral” rating by Bank of America on Monday, November 2. The rating was maintained by Barclays Capital with “Overweight” on Thursday, June 16. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, August 6. Piper Jaffray maintained it with “Overweight” rating and $36 target price in Monday, September 28 report.

ATVI Company Profile

Activision Blizzard, Inc., incorporated on February 17, 2000, is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Firm operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other divisions. The Firm also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It provides various forms of product support to both its internally and externally developed content. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany.

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Fool.com which released: “Activision Blizzard, Inc. Setting Up for Another Strong Quarter” on October 28, 2016, also Wsj.com with their article: “Activision Blizzard Earnings Preview: What to Watch” published on November 01, 2016, Wsj.com published: “Activision Blizzard Plans E-Sports League That Looks More Like NFL” on November 04, 2016. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Profitconfidential.com and their article: “Activision Blizzard, Inc.: Ominous Implications for ATVI Stock?” published on November 09, 2016 as well as Schaeffersresearch.com‘s news article titled: “Analyst Update: Activision Blizzard, Inc., NVIDIA Corporation, and SINA Corp” with publication date: November 22, 2016.

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By Pete Kolinski


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