Short Interest Buzzer: PC Connection Incorporated (NASDAQ:CNXN) Reports Increase in Sellers; Strong Momentum for Short Players

November 30, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Buzzer: PC Connection Incorporated (NASDAQ:CNXN) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of PC Connection Incorporated (NASDAQ:CNXN) registered an increase of 1.5% in short interest. CNXN’s total short interest was 263,300 shares in November as published by FINRA. Its up 1.5% from 259,400 shares, reported previously. With 31,400 shares average volume, it will take short sellers 8 days to cover their CNXN’s short positions. The short interest to PC Connection Incorporated’s float is 2.36%. The stock increased 2.22% or $0.6 on November 29, hitting $27.57. PC Connection, Inc. (NASDAQ:CNXN) has risen 9.19% since April 27, 2016 and is uptrending. It has outperformed by 3.96% the S&P500.

PC Connection, Inc. is a provider of information technology solutions. The company has a market cap of $737.16 million. The Firm operates through three business divisions: small- to medium-sized businesses (SMB), Large Account and Public Sector. It has a 15.13 P/E ratio. In the SMB Segment, it serves small-to-medium-sized business clients through its PC Connection Sales subsidiary.

CNXN Company Profile

PC Connection, Inc., incorporated on December 27, 1999, is a well-known provider of a range of information technology (IT) solutions. The Firm conducts its business through three business divisions: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Firm enables clients to design, enable, manage and service their IT environments. The Company’s IT products include computer systems, software and peripheral equipment, networking communications, and other products and accessories that the Company purchases from manufacturers, distributors and other suppliers. The Firm also offers services involving design, configuration and implementation of IT solutions. The Firm offers a selection of approximately 300,000 products, including products from Apple, Cisco Systems, Dell, EMC, Hewlett-Packard, IBM, Lenovo, Microsoft, Symantec and VMWare. It partners with over 1,600 suppliers. The Firm markets its services and products through its Websites: www.pcconnection.com, www.moredirect.com, www.govconnection.com, and www.macconnection.com.

More important recent PC Connection, Inc. (NASDAQ:CNXN) news were published by: Businesswire.com which released: “Connection® Enterprise Solutions Group Named Dell EMC 2016 Healthcare Partner …” on November 22, 2016, also Businesswire.com published article titled: “PC Connection, Inc. Celebrates Launch of New “Connection” Brand”, Equitiesfocus.com published: “PC Connection, Inc. (NASDAQ:PCCC) Stock Gets Revised Target Of $30.50” on November 29, 2016. More interesting news about PC Connection, Inc. (NASDAQ:CNXN) was released by: Businesswire.com and their article: “PC Connection, Inc. (CNXN) to Release Third Quarter Results—2016” with publication date: October 12, 2016.

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By Clifton Ray


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