November 25, 2016 - By Adrian Mccoy · 0 Comments
The stock of Axt Incorporated (NASDAQ:AXTI) registered an increase of 8.96% in short interest. AXTI’s total short interest was 186,000 shares in November as published by FINRA. Its up 8.96% from 170,700 shares, reported previously. With 374,400 shares average volume, it will take short sellers 1 days to cover their AXTI’s short positions. The short interest to Axt Incorporated’s float is 0.62%. The stock increased 0.99% or $0.05 on November 23, hitting $5.1. AXT Inc (NASDAQ:AXTI) has risen 98.44% since April 22, 2016 and is uptrending. It has outperformed by 93.03% the S&P500.
AXT, Inc. is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The company has a market cap of $167.70 million. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It has a 85.47 P/E ratio. The Firm is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
Insitutional Activity: The institutional sentiment increased to 2.25 in 2016 Q2. Its up 0.63, from 1.62 in 2016Q1. The ratio improved, as 2 funds sold all AXT Inc shares owned while 11 reduced positions. 12 funds bought stakes while 9 increased positions. They now own 13.17 million shares or 0.47% more from 13.11 million shares in 2016Q1.
Susquehanna Gru Llp reported 19,110 shares or 0% of all its holdings. Manatuck Hill Limited Liability, a Connecticut-based fund reported 10,000 shares. Jacobs Levy Equity Mgmt has invested 0% of its portfolio in AXT Inc (NASDAQ:AXTI). Deutsche National Bank Ag accumulated 232,678 shares or 0% of the stock. The Illinois-based Coe Mngmt Lc has invested 0% in AXT Inc (NASDAQ:AXTI). Zpr Mngmt accumulated 0.08% or 12,434 shares. Morgan Stanley last reported 28,741 shares in the company. State Street Corporation accumulated 0% or 18,513 shares. Eam Invsts Llc reported 404,090 shares or 0.19% of all its holdings. Renaissance Lc last reported 0% of its portfolio in the stock. Ancora Advisors Ltd Llc accumulated 0.1% or 275,900 shares. Perritt Mgmt has invested 1.55% of its portfolio in AXT Inc (NASDAQ:AXTI). Northern Tru accumulated 75,845 shares or 0% of the stock. Moreover, Blackrock Institutional Trust Na has 0% invested in AXT Inc (NASDAQ:AXTI) for 827,231 shares. California Employees Retirement Systems, a California-based fund reported 130,400 shares.
Insider Transactions: Since August 29, 2016, the stock had 0 insider purchases, and 7 sales for $1.01 million net activity. On Monday, November 21 the insider CHEN JESSE sold $209,843. Another trade for 81,861 shares valued at $415,035 was made by Ochrym Robert G on Tuesday, November 8. 3,522 shares were sold by YOUNG MORRIS S, worth $18,314. 5,000 shares with value of $26,050 were sold by LEBLANC LEONARD J on Tuesday, November 8.
Out of 3 analysts covering AXT Inc (NASDAQ:AXTI), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. AXT Inc has been the topic of 3 analyst reports since December 9, 2015 according to StockzIntelligence Inc. The rating was maintained by Needham with “Buy” on Thursday, October 27. On Wednesday, December 9 the stock rating was upgraded by B. Riley & Co to “Buy”. On Tuesday, May 3 the stock rating was upgraded by Craig Hallum to “Buy”.
AXT, Inc. (AXT), incorporated in November 13, 1997, is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Firm is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials. The Firm provides alternative or specialty materials in the form of substrates or wafers, including compound and single element substrates. The Company’s compound substrates combine indium with phosphorous (InP) or gallium with arsenic (GaAs). The Company’s single element substrates are made from germanium (Ge).
More important recent AXT Inc (NASDAQ:AXTI) news were published by: Zacks.com which released: “Bull of the Day: AXT Inc (AXTI)” on September 20, 2016, also Streetinsider.com published article titled: “Form 4 AXT INC For: Nov 22 Filed by: YOUNG MORRIS S”, Quotes.Wsj.com published: “News AXT Inc.AXTI” on February 11, 2011. More interesting news about AXT Inc (NASDAQ:AXTI) was released by: Globenewswire.com and their article: “AXT, Inc. Announces Second Quarter 2016 Financial Results” with publication date: July 27, 2016.
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By Adrian Mccoy