Short Interest Alert: Can Cnova NV Ord (NASDAQ:CNV)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 30, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Alert: Can Cnova NV Ord (NASDAQ:CNV)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Cnova NV Ord (NASDAQ:CNV) registered an increase of 7.72% in short interest. CNV’s total short interest was 124,200 shares in November as published by FINRA. Its up 7.72% from 115,300 shares, reported previously. With 514,800 shares average volume, it will take short sellers 0 days to cover their CNV’s short positions. The stock closed at $5.46 during the last session. It is down 80.20% since April 27, 2016 and is uptrending. It has outperformed by 74.97% the S&P500.

Cnova N.V. is an e-commerce company with its two markets in France and Brazil. The company has a market cap of $2.42 billion. The Firm offers differentiated delivery and payment solutions. It currently has negative earnings. It operates through three divisions: Cdiscount France, Cdiscount International and Cnova Brazil.

Insitutional Activity: The institutional sentiment is 1.67 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 1 funds sold all Cnova NV shares owned while 5 reduced positions. only 3 funds bought stakes while 7 increased positions. They now own 8.69 million shares or 19.07% more from 7.30 million shares in 2016Q1.
National Bank Of America Corp De has 0% invested in the company for 1,000 shares. Boussard Gavaudan Inv Mngmt Limited Liability Partnership holds 1.83M shares or 2.62% of its portfolio. Credit Agricole S A has invested 0% of its portfolio in Cnova NV (NASDAQ:CNV). Sylebra Hk Co accumulated 821,886 shares or 0.38% of the stock. The New York-based Jpmorgan Chase has invested 0% in Cnova NV (NASDAQ:CNV). Credit Suisse Ag, a Switzerland-based fund reported 179,431 shares. Barclays Pcl, a United Kingdom-based fund reported 39,822 shares. Invesco, a Georgia-based fund reported 2.97 million shares. Tower Research Ltd (Trc) last reported 0% of its portfolio in the stock. Fny Managed Accounts Llc has invested 0% of its portfolio in Cnova NV (NASDAQ:CNV). California Pub Employees Retirement Systems has 66,200 shares for 0% of their US portfolio. Bnp Paribas Arbitrage reported 141 shares or 0% of all its holdings. Geode Limited Liability Company accumulated 0% or 183,725 shares. Fmr Ltd Liability has 0% invested in the company for 1.73 million shares. Morgan Stanley has 0% invested in the company for 636,626 shares.

Cnova NV (NASDAQ:CNV) Ratings Coverage

Out of 7 analysts covering Cnova NV (NASDAQ:CNV), 1 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 14% are positive. Cnova NV has been the topic of 18 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Bank of America downgraded Cnova NV (NASDAQ:CNV) on Thursday, October 29 to “Neutral” rating. Goldman Sachs initiated the stock with “Sell” rating in Monday, November 30 report. The firm has “Neutral” rating by JP Morgan given on Thursday, November 19. The stock has “Buy” rating given by HSBC on Thursday, September 17. The rating was upgraded by Zacks on Tuesday, August 18 to “Sell”. The company was upgraded on Wednesday, April 13 by JP Morgan. HSBC reinitiated the shares of CNV in a report on Tuesday, January 19 with “Reduce” rating. Goldman Sachs upgraded the stock to “Neutral” rating in Thursday, May 19 report. The firm has “Hold” rating by Deutsche Bank given on Friday, May 13. The rating was downgraded by Morgan Stanley on Thursday, October 29 to “Equal-Weight”.

CNV Company Profile

Cnova N.V., incorporated on May 30, 2014, is an e-commerce firm with its two markets in France and Brazil. The Firm offers differentiated delivery and payment solutions. It operates through three divisions: Cdiscount France, Cdiscount International and Cnova Brazil. The Cdiscount France segment is engaged in the retail sales of consumer products through Cdiscount.com and specialized Websites in France. The Cdiscount International segment is engaged in retail sales of consumer products through Websites created by Cdiscount S.A. (Cdiscount) outside of France. The Cnova Brazil segment is engaged in retail sales of consumer products through Websites in Brazil, which include Extra.com.br, PontoFrio.com.br, CasasBahia.com.br, Barateiro.com.br, PartiuViagens.com.br, and wholesale activities and E-Hub. As of December 31, 2015, it offered approximately 29 million product offerings on its sites through its direct sales and marketplace businesses across a range of categories, such as consumer electronics, home appliances, home furnishings, computers, personal goods, leisure and other.

More notable recent Cnova NV (NASDAQ:CNV) news were published by: Streetinsider.com which released: “Form 6-K Cnova NV For: Nov 28” on November 28, 2016, also Streetinsider.com with their article: “Cnova N.V. (CNV) to Reorganization Brazilian Activities” published on August 08, 2016, Nasdaq.com published: “Cnova N.V. Publishes Notice for Extraordinary General Meeting” on September 15, 2016. More interesting news about Cnova NV (NASDAQ:CNV) were released by: Globenewswire.com and their article: “Cnova N.V. Publishes 2014 U.S. Annual Report on Form 20-F” published on March 31, 2015 as well as Nasdaq.com‘s news article titled: “Cnova N.V.: Shareholders approve the reorganization of CNOVA N.V.”s Brazilian …” with publication date: October 27, 2016.

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