Short Interest Don’t Lie: Could Clearfield Incorporated (NASDAQ:CLFD) Change Direction After More Shorts?

November 29, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Don't Lie: Could Clearfield Incorporated (NASDAQ:CLFD) Change Direction After More Shorts?

The stock of Clearfield Incorporated (NASDAQ:CLFD) registered an increase of 3.92% in short interest. CLFD’s total short interest was 907,600 shares in November as published by FINRA. Its up 3.92% from 873,400 shares, reported previously. With 30,000 shares average volume, it will take short sellers 30 days to cover their CLFD’s short positions. The short interest to Clearfield Incorporated’s float is 7.94%. About 49,646 shares traded hands or 37.52% up from the average. Clearfield Inc (NASDAQ:CLFD) has risen 15.66% since April 26, 2016 and is uptrending. It has outperformed by 10.40% the S&P500.

Clearfield, Inc. manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The company has a market cap of $278.96 million. The Company’s products include Clearview Cassette, including Clearview Classic and Clearview Blue, and Clearview xPAK; Connectivity and Optical Components, including Cable-to-Cable Deployment and Optical Components; FieldSmart, including FieldSmart Fiber Crossover Distribution System, FieldSmart Fiber Scalability Center, FieldSmart Fiber Delivery Point and FieldSmart Small Count Delivery; FieldShield; CraftSmart, and Cable Assemblies. It has a 33.9 P/E ratio. The Company’s product line with a fiber delivery platform includes optical cable, connectors and microduct.

Insitutional Activity: The institutional sentiment decreased to 1.26 in 2016 Q2. Its down 0.39, from 1.65 in 2016Q1. The ratio fall, as 6 funds sold all Clearfield Inc shares owned while 11 reduced positions. 11 funds bought stakes while 17 increased positions. They now own 3.45 million shares or 6.68% less from 3.69 million shares in 2016Q1.
Wells Fargo Mn has 0% invested in the company for 3,644 shares. State Street accumulated 0% or 138,730 shares. Legal & General Public Ltd last reported 1,120 shares in the company. The California-based California State Teachers Retirement System has invested 0% in Clearfield Inc (NASDAQ:CLFD). Blackrock Fund Advsr last reported 299,458 shares in the company. Metropolitan Life Insur Ny has invested 0% of its portfolio in Clearfield Inc (NASDAQ:CLFD). Bnp Paribas Arbitrage, a New York-based fund reported 418 shares. Blackrock holds 0% or 494 shares in its portfolio. Royal Commercial Bank Of Canada accumulated 18,985 shares or 0% of the stock. Morgan Stanley holds 0% of its portfolio in Clearfield Inc (NASDAQ:CLFD) for 37,868 shares. Wfg Advsrs Ltd Partnership owns 1,070 shares or 0.01% of their US portfolio. Blackrock Inv Mgmt Ltd Liability has 0% invested in the company for 44,245 shares. Invesco last reported 11,027 shares in the company. Renaissance Technology holds 0.01% of its portfolio in Clearfield Inc (NASDAQ:CLFD) for 400,099 shares. Us National Bank & Trust De reported 200 shares or 0% of all its holdings.

Insider Transactions: Since August 2, 2016, the stock had 1 insider buy, and 4 sales for $769,837 net activity. ROTH RONALD G bought $89,850 worth of stock. Shares for $482,506 were sold by HERZOG DANIEL R. Shares for $89,300 were sold by Hill John P. 10,000 Clearfield Inc (NASDAQ:CLFD) shares with value of $192,081 were sold by Beranek Cheryl.

Clearfield Inc (NASDAQ:CLFD) Ratings Coverage

Out of 2 analysts covering Clearfield (NASDAQ:CLFD), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Clearfield has been the topic of 3 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Northland Capital on Thursday, October 1. The rating was upgraded by Zacks to “Hold” on Thursday, August 20. The stock of Clearfield Inc (NASDAQ:CLFD) earned “Buy” rating by Lake Street on Monday, November 23.

CLFD Company Profile

Clearfield, Inc., incorporated on March 7, 1979, makes, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette; Connectivity and Optical Components; FieldSmart; FieldShield; CraftSmart, and Cable Assemblies. The Company’s product line with a fiber delivery platform includes optical cable, connectors and microduct. The Firm supplies its products to target market of broadband service providers, including independent local exchange carriers (ILEC) (telephone), service operators (cable), wireless service providers, competitive local exchange carriers (CLEC) and municipal-owned utilities.

Another recent and important Clearfield Inc (NASDAQ:CLFD) news was published by Prnewswire.com which published an article titled: “Clearfield, Inc. Pairs Zhone Technologies Access Hardware with Clearview …” on October 06, 2015.

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By Linda Rogers

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