Short Interest Worth Mentioning: What Next for C D I Corporation (NYSE:CDI) Stock After Increase in Shorted Shares?

November 29, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Worth Mentioning: What Next for C D I Corporation (NYSE:CDI) Stock After Increase in Shorted Shares?

The stock of C D I Corporation (NYSE:CDI) registered an increase of 15.21% in short interest. CDI’s total short interest was 385,500 shares in November as published by FINRA. Its up 15.21% from 334,600 shares, reported previously. With 56,200 shares average volume, it will take short sellers 7 days to cover their CDI’s short positions. The short interest to C D I Corporation’s float is 3.19%. The stock increased 4.43% or $0.35 on November 28, hitting $8.25. CDI Corp. (NYSE:CDI) has risen 7.00% since April 26, 2016 and is uptrending. It has outperformed by 1.74% the S&P500.

CDI Corp. provides engineering, information technology and staffing solutions. The company has a market cap of $154.89 million. The Firm operates in three divisions: Global Engineering and Technology Solutions , Professional Staffing Services (PSS) and Management Recruiters International (MRI). It currently has negative earnings. It provides staffing services through its MRINetwork of franchisees.

Insitutional Activity: The institutional sentiment decreased to 0.66 in 2016 Q2. Its down 0.01, from 0.67 in 2016Q1. The ratio dropped, as 11 funds sold all CDI Corp. shares owned while 32 reduced positions. 10 funds bought stakes while 19 increased positions. They now own 7.25 million shares or 15.53% less from 8.58 million shares in 2016Q1.
Laurion Cap Mgmt L P holds 43,800 shares or 0% of its portfolio. Ameriprise Fin Inc, a Minnesota-based fund reported 77,296 shares. Moreover, Vanguard Gru has 0% invested in CDI Corp. (NYSE:CDI) for 758,253 shares. Goldman Sachs Group last reported 76,826 shares in the company. The California-based Schwab Charles Inv Mgmt has invested 0% in CDI Corp. (NYSE:CDI). Invesco Limited has 0% invested in the company for 80,520 shares. Pinebridge Invs Ltd Partnership has invested 0% of its portfolio in CDI Corp. (NYSE:CDI). Teachers Retirement System Of The State Of Kentucky, a Kentucky-based fund reported 5,800 shares. Alpine Ptnrs Vi Limited Liability Co, a New York-based fund reported 18,652 shares. State Street Corp reported 59,860 shares or 0% of all its holdings. Matarin Management Ltd Liability has 0% invested in the company for 86,528 shares. Deutsche National Bank Ag accumulated 37,247 shares or 0% of the stock. Vantage Advisors Limited Com, a Pennsylvania-based fund reported 2,070 shares. Guggenheim Capital Limited Liability, a Illinois-based fund reported 218,491 shares. Walleye Trading Ltd Limited Liability Company has invested 0% of its portfolio in CDI Corp. (NYSE:CDI).

Insider Transactions: Since September 27, 2016, the stock had 1 insider purchase, and 0 selling transactions for $43,200 net activity. Shares for $43,200 were bought by SMITH ALBERT E.

CDI Company Profile

CDI Corp., incorporated on July 30, 1985, provides engineering, information technology and staffing solutions. The Company’s divisions include Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). The Firm also provides staffing services through its global MRINetwork of franchisees. The Company’s clients consist of multi-national, national and regional companies, and the United States Federal, state and local Governments. The Firm provides its services to clients in the oil, gas and chemicals, aerospace and industrial equipment, and information technology. The Firm also does business in other industries, including the infrastructure, the United States defense and transportation industries. The Firm serves clients through offices and delivery centers in the United States, Canada and the United Kingdom.

More notable recent CDI Corp. (NYSE:CDI) news were published by: Prnewswire.com which released: “CDI Corp. Reports Third Quarter 2016 Results” on November 02, 2016, also Prnewswire.com with their article: “CDI Corp. Reports Second Quarter 2016 Results” published on August 03, 2016, Prnewswire.com published: “CDI Corp. Announces $20 Million Share Repurchase Program; Eliminates Cash Dividend” on January 25, 2016. More interesting news about CDI Corp. (NYSE:CDI) were released by: Prnewswire.com and their article: “CDI Corp. Announces Formation of Congruent Talent, a Minority-Owned …” published on August 06, 2015 as well as Philly.com‘s news article titled: “CEO of engineering staffing company CDI resigns” with publication date: September 16, 2016.

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By Nellie Frank


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