Short Interest Coverage: Time to Reconsider Sierra Wireless Incorporated (NASDAQ:SWIR) After Less Short Sellers?

November 28, 2016 - By Louis Casey   ·   0 Comments

Short Interest Coverage: Time to Reconsider Sierra Wireless Incorporated (NASDAQ:SWIR) After Less Short Sellers?

The stock of Sierra Wireless Incorporated (NASDAQ:SWIR) registered a decrease of 3.8% in short interest. SWIR’s total short interest was 585,100 shares in November as published by FINRA. Its down 3.8% from 608,200 shares, reported previously. With 154,000 shares average volume, it will take short sellers 4 days to cover their SWIR’s short positions. The short interest to Sierra Wireless Incorporated’s float is 1.89%. About 11,554 shares traded hands. Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) has declined 2.00% since April 25, 2016 and is downtrending. It has underperformed by 8.02% the S&P500.

Sierra Wireless, Inc. offers second generation , third generation (3G) and fourth generation (4G) cellular embedded wireless modules and gateways. The company has a market cap of $495.01 million. The Firm offers products to original equipment manufacturers (OEMs) and enterprises. It currently has negative earnings. It operates through three divisions: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) Ratings Coverage

Out of 8 analysts covering Sierra Wireless (NASDAQ:SWIR), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. Sierra Wireless has been the topic of 23 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Northland Capital given on Friday, August 7. Canaccord Genuity maintained it with “Buy” rating and $38.0 target price in Friday, August 7 report. The firm has “Outperform” rating by Northland given on Tuesday, January 19. The firm has “Buy” rating given on Friday, August 7 by Canaccord Genuity. RBC Capital Markets maintained the shares of SWIR in a report on Friday, November 6 with “Sector Perform” rating. Scotia Capital maintained it with “Sector Perform” rating and $36.50 target price in Friday, August 7 report. The rating was downgraded by IBC on Friday, August 5 to “Sector Underperform”. RBC Capital Markets maintained it with “Sector Perform” rating and $32 target price in Friday, August 7 report. Northland Capital maintained the stock with “Market Perform” rating in Friday, November 6 report.

SWIR Company Profile

Sierra Wireless, Inc., incorporated on May 31, 1993, is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Firm offers a portfolio of second generation (2G), third generation (3G), and fourth generation (4G) cellular embedded wireless modules and gateways, integrated with its secure cloud and connectivity services. It offers its products to original equipment manufacturers (OEMs) and enterprises across the world. The Firm operates through three divisions: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services. The Firm operates in the wireless information and communications technology industry, enabling connectivity for IoT solutions through cellular wireless technologies. Market divisions that the Company serves include automotive, transportation, energy, industrial, enterprise, residential and healthcare.

More notable recent Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) news were published by: Fool.com which released: “How Risky Is Sierra Wireless Inc. (USA) Stock?” on August 15, 2016, also Fool.com with their article: “Sierra Wireless, Inc. (USA) Revels in the Growth of the Internet of Things” published on April 21, 2016, Fool.com published: “Sierra Wireless, Inc. (USA) Soars With Standout Third-Quarter Earnings” on November 06, 2014. More interesting news about Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) were released by: Fool.ca and their article: “Where Does Sierra Wireless, Inc. Go From Here?” published on September 06, 2016 as well as Fool.ca‘s news article titled: “Sierra Wireless, Inc.: Time to Buy?” with publication date: July 07, 2016.

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By Louis Casey


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