Short Interest Worth Mentioning: Can AU Optronics Corporation (NYSE:AUO)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 25, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Worth Mentioning: Can AU Optronics Corporation (NYSE:AUO)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of AU Optronics Corporation (NYSE:AUO) registered an increase of 6.57% in short interest. AUO’s total short interest was 5.76M shares in November as published by FINRA. Its up 6.57% from 5.41 million shares, reported previously. With 753,900 shares average volume, it will take short sellers 8 days to cover their AUO’s short positions. The short interest to AU Optronics Corporation’s float is 0.65%. The stock decreased 1.93% or $0.07 on November 23, hitting $3.56. AU Optronics Corp (ADR) (NYSE:AUO) has risen 16.72% since April 22, 2016 and is uptrending. It has outperformed by 11.31% the S&P500.

AU Optronics Corp. is a thin-film-transistor liquid-crystal display panel provider. The company has a market cap of $3.46 billion. The Firm operates in two business divisions: display business and solar business. It currently has negative earnings. Through Display business segment, the Company designs, develops, makes, assembles and markets flat panel displays and most of its products are TFT-LCD panels.

AU Optronics Corp (ADR) (NYSE:AUO) Ratings Coverage

Out of 8 analysts covering AU Optronics (NYSE:AUO), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. AU Optronics has been the topic of 9 analyst reports since July 30, 2015 according to StockzIntelligence Inc. KGI Securities downgraded the shares of AUO in a report on Thursday, July 30 to “Neutral” rating. The stock of AU Optronics Corp (ADR) (NYSE:AUO) has “Neutral” rating given on Friday, October 28 by Nomura. The company was upgraded on Wednesday, June 29 by Credit Suisse. The stock of AU Optronics Corp (ADR) (NYSE:AUO) earned “Market Perform” rating by Bernstein on Friday, September 9. The rating was upgraded by JP Morgan to “Neutral” on Monday, January 11. Fubon Bank downgraded the shares of AUO in a report on Thursday, July 30 to “” rating. The firm has “Sell” rating given on Thursday, April 7 by Citigroup. Bank of America upgraded the stock to “Buy” rating in Tuesday, July 19 report.

AUO Company Profile

AU Optronics Corp., incorporated on August 12, 1996, is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Firm operates in two business divisions: display business and solar business. Through Display business segment, the Company designs, develops, makes, assembles and markets flat panel displays and most of its products are TFT-LCD panels. The Company’s panels are primarily used in televisions, monitors, mobile personal computers (PCs), mobile devices and commercial and other applications (such as displays for automobiles, industrial PCs, automated teller machines, point of sale terminals and pachinko machines). Through Solar business segment, the Company is capable of manufacturing upstream and midstream products, such as ingots, solar wafers and solar cells.

Another recent and important AU Optronics Corp (ADR) (NYSE:AUO) news was published by Marketwatch.com which published an article titled: “AU Optronics stock price target raised to $15.40 from $8.30 at BofA Merrill Lynch” on December 21, 2009.

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By Pete Kolinski


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