Follow The Short Interest: Time to Reconsider Ciber Incorporated (NYSE:CBR) After More Short Sellers?

November 28, 2016 - By Pete Kolinski   ·   0 Comments

Follow The Short Interest: Time to Reconsider Ciber Incorporated (NYSE:CBR) After More Short Sellers?

The stock of Ciber Incorporated (NYSE:CBR) registered an increase of 6.67% in short interest. CBR’s total short interest was 2.75M shares in November as published by FINRA. Its up 6.67% from 2.57M shares, reported previously. With 268,500 shares average volume, it will take short sellers 10 days to cover their CBR’s short positions. The short interest to Ciber Incorporated’s float is 4.19%. About 125,632 shares traded hands. CIBER, Inc. (NYSE:CBR) has declined 65.50% since April 25, 2016 and is downtrending. It has underperformed by 71.52% the S&P500.

Ciber, Inc. is a global information technology (IT) services company. The company has a market cap of $62.30 million. The Firm operates in two divisions: North America and International. It currently has negative earnings. The Company’s Ciber International segment primarily consists of countries in Western Europe and the Nordic region.

Insitutional Activity: The institutional sentiment increased to 0.9 in Q2 2016. Its up 0.38, from 0.52 in 2016Q1. The ratio improved, as 28 funds sold all CIBER, Inc. shares owned while 35 reduced positions. 12 funds bought stakes while 21 increased positions. They now own 43.08 million shares or 24.98% less from 57.43 million shares in 2016Q1.
Moreover, Vanguard Gru Incorporated has 0% invested in CIBER, Inc. (NYSE:CBR) for 3.12M shares. Texas Permanent School Fund accumulated 55,521 shares or 0% of the stock. Moreover, Bridgeway Capital Mngmt has 0.01% invested in CIBER, Inc. (NYSE:CBR) for 269,251 shares. Schwab Charles Inv Mgmt has invested 0% of its portfolio in CIBER, Inc. (NYSE:CBR). Sequoia Financial Advsr Limited Liability Company holds 0% of its portfolio in CIBER, Inc. (NYSE:CBR) for 10,500 shares. Ancora last reported 0.04% of its portfolio in the stock. Moreover, Susquehanna Gru Llp has 0% invested in CIBER, Inc. (NYSE:CBR) for 58,516 shares. Blackrock Institutional Na has 1.27 million shares for 0% of their US portfolio. Pinnacle Advisory Gp reported 19,434 shares or 0% of all its holdings. Teachers Retirement System Of The State Of Kentucky accumulated 16,911 shares or 0% of the stock. Louisiana State Employees Retirement Systems holds 0% of its portfolio in CIBER, Inc. (NYSE:CBR) for 32,200 shares. Ls Inv Advsrs Limited Liability last reported 2,385 shares in the company. The Iowa-based Principal Financial Group has invested 0% in CIBER, Inc. (NYSE:CBR). California Employees Retirement Systems last reported 0% of its portfolio in the stock. Profund Ltd Liability Corp owns 21,670 shares or 0% of their US portfolio.

CIBER, Inc. (NYSE:CBR) Ratings Coverage

Out of 2 analysts covering Ciber (NYSE:CBR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Ciber has been the topic of 2 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, October 23 by Maxim Group. The rating was upgraded by Noble Financial on Wednesday, August 12 to “Buy”.

CBR Company Profile

Ciber, Inc. (Ciber), incorporated on December 15, 1993, is a global information technology (IT) services company. The Firm operates in two divisions: North America and International. The Company’s Ciber International segment primarily consists of countries in Western Europe and the Nordic region. The Company’s North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS).

More recent CIBER, Inc. (NYSE:CBR) news were published by: Prnewswire.com which released: “Ciber Reports Third Quarter 2016 Results” on November 08, 2016. Also Bizjournals.com published the news titled: “Hawaii Department of Transportation to pursue fraud claims against Ciber Inc.” on March 03, 2016. Bizjournals.com‘s news article titled: “Ciber hires advisor to explore strategic alternatives” with publication date: November 01, 2016 was also an interesting one.

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By Pete Kolinski


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