November 28, 2016 - By Adrian Mccoy · 0 Comments
The stock of Carbonite Incorporated (NASDAQ:CARB) registered an increase of 38.31% in short interest. CARB’s total short interest was 464,600 shares in November as published by FINRA. Its up 38.31% from 335,900 shares, reported previously. With 386,300 shares average volume, it will take short sellers 1 days to cover their CARB’s short positions. The short interest to Carbonite Incorporated’s float is 2.73%. About 229,324 shares traded hands. Carbonite Inc (NASDAQ:CARB) has risen 154.23% since April 25, 2016 and is uptrending. It has outperformed by 148.21% the S&P500.
Carbonite, Inc. is a provider of cloud and business continuity solutions. The company has a market cap of $517.91 million. The Company’s solutions are designed to address the specific needs of small and medium sized businesses and individuals. It currently has negative earnings. It offers various solutions, such as Carbonite Personal, Carbonite Pro, Carbonite Server Backup and MailStore.
Insitutional Activity: The institutional sentiment increased to 2.11 in Q2 2016. Its up 0.11, from 2 in 2016Q1. The ratio is positive, as 13 funds sold all Carbonite Inc shares owned while 18 reduced positions. 25 funds bought stakes while 37 increased positions. They now own 15.89 million shares or 5.13% more from 15.11 million shares in 2016Q1.
The Massachusetts-based Harbourvest Prtn Lc has invested 0.15% in Carbonite Inc (NASDAQ:CARB). Spark Invest Ltd Liability Corp has invested 0.15% of its portfolio in Carbonite Inc (NASDAQ:CARB). The New York-based D E Shaw & Communication has invested 0.01% in Carbonite Inc (NASDAQ:CARB). Price T Rowe Associates Incorporated Md holds 0% or 78,979 shares in its portfolio. Tudor Inv Et Al holds 0% or 12,322 shares in its portfolio. The New York-based Millennium Limited Liability Com has invested 0% in Carbonite Inc (NASDAQ:CARB). White Pine Ltd Com has invested 0.29% of its portfolio in Carbonite Inc (NASDAQ:CARB). Essex Inv Ltd Liability holds 0.05% or 33,409 shares in its portfolio. Oberweis Asset Mgmt last reported 70,900 shares in the company. Moreover, Federated Investors Pa has 0% invested in Carbonite Inc (NASDAQ:CARB) for 123 shares. Invesco Limited holds 0% or 17,304 shares in its portfolio. Jacobs Levy Equity Mngmt accumulated 77,088 shares or 0.02% of the stock. State Treasurer State Of Michigan, a Michigan-based fund reported 25,734 shares. Driehaus Capital Mngmt Ltd Liability Company has invested 0.01% of its portfolio in Carbonite Inc (NASDAQ:CARB). Strs Ohio holds 0% of its portfolio in Carbonite Inc (NASDAQ:CARB) for 62,800 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 21 selling transactions for $15.70 million net activity. Another trade for 70,000 shares valued at $1.01 million was sold by FLOWERS JEFFRY. The insider FRIEND DAVID sold $5.13M. The insider MV Management X – L.L.C. sold 440,000 shares worth $4.33 million. HUDSON CASSANDRA also sold $166,083 worth of Carbonite Inc (NASDAQ:CARB) on Tuesday, August 2. SHEER DANIELLE also sold $319,600 worth of Carbonite Inc (NASDAQ:CARB) on Tuesday, October 18. 513 Carbonite Inc (NASDAQ:CARB) shares with value of $7,074 were sold by FOLGER ANTHONY. Raissipour David also sold $26,566 worth of Carbonite Inc (NASDAQ:CARB) on Monday, August 15.
Out of 4 analysts covering Carbonite (NASDAQ:CARB), 2 rate it a “Buy”, 2 “Sell”, while 0 “Hold”. This means 50% are positive. Carbonite has been the topic of 4 analyst reports since September 21, 2015 according to StockzIntelligence Inc. B. Riley & Co initiated Carbonite Inc (NASDAQ:CARB) on Friday, June 10 with “Buy” rating. The stock of Carbonite Inc (NASDAQ:CARB) has “Sell” rating given on Monday, September 21 by Zacks. The stock of Carbonite Inc (NASDAQ:CARB) earned “Outperform” rating by Oppenheimer on Tuesday, October 11.
More recent Carbonite Inc (NASDAQ:CARB) news were published by: Fool.com which released: “7 Reasons I Bought Carbonite Inc. Stock” on August 26, 2016. Also Fool.com published the news titled: “Why Carbonite Inc. Stock Soared Today” on August 02, 2016. Investorplace.com‘s news article titled: “Why Biostar Pharmaceuticals Inc (BSPM), Carbonite Inc (CARB) and Yum! Brands …” with publication date: October 11, 2016 was also an interesting one.
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By Adrian Mccoy