Short Interest Summary: A Reversal for Celestica Incorporated (NYSE:CLS) Is Near. The Stock Has Decrease in Shorts

November 29, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Summary: A Reversal for Celestica Incorporated (NYSE:CLS) Is Near. The Stock Has Decrease in Shorts

The stock of Celestica Incorporated (NYSE:CLS) registered a decrease of 29.27% in short interest. CLS’s total short interest was 414,400 shares in November as published by FINRA. Its down 29.27% from 585,900 shares, reported previously. With 381,000 shares average volume, it will take short sellers 1 days to cover their CLS’s short positions. The short interest to Celestica Incorporated’s float is 0.35%. About 149,969 shares traded hands. Celestica Inc (NYSE:CLS) has risen 13.65% since April 26, 2016 and is uptrending. It has outperformed by 8.39% the S&P500.

Celestica Inc. is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The company has a market cap of $1.49 billion. The Firm operates in electronics manufacturing services business segment. It has a 13.96 P/E ratio. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

Celestica Inc (NYSE:CLS) Ratings Coverage

Out of 8 analysts covering Celestica (NYSE:CLS), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Celestica has been the topic of 12 analyst reports since October 21, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, January 18. As per Friday, January 29, the company rating was upgraded by Howard Weil. The stock has “Hold” rating given by TD Securities on Tuesday, February 2. The rating was upgraded by Canaccord Genuity on Friday, July 22 to “Buy”. On Friday, January 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was initiated on Friday, December 4 by B. Riley & Co. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, October 30. The firm earned “Hold” rating on Friday, November 18 by Standpoint Research. The firm earned “Neutral” rating on Friday, July 29 by Macquarie Research. The rating was maintained by RBC Capital Markets on Wednesday, October 21 with “Sector Perform”.

CLS Company Profile

Celestica Inc., incorporated on September 27, 1996, is a well-known provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Firm operates in electronics manufacturing services business segment. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. The Company’s services and products serve a range of applications, including servers; networking and telecommunications equipment; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters.

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By Peter Erickson


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