Short Interest Coverage: Coherent Incorporated (NASDAQ:COHR) Could Burn Your Long Portfolio After More Shorts

November 30, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Coverage: Coherent Incorporated (NASDAQ:COHR) Could Burn Your Long Portfolio After More Shorts

The stock of Coherent Incorporated (NASDAQ:COHR) registered an increase of 56.42% in short interest. COHR’s total short interest was 774,600 shares in November as published by FINRA. Its up 56.42% from 495,200 shares, reported previously. With 141,700 shares average volume, it will take short sellers 6 days to cover their COHR’s short positions. The short interest to Coherent Incorporated’s float is 3.22%. The stock increased 0.84% or $1.11 during the last trading session, hitting $132.99. Coherent, Inc. (NASDAQ:COHR) has risen 35.68% since April 27, 2016 and is uptrending. It has outperformed by 30.45% the S&P500.

Coherent, Inc. is a supplier of photonics solutions in a range of commercial and scientific research applications. The company has a market cap of $3.20 billion. The Firm designs, makes, services and markets lasers, laser tools and related accessories for a diverse group of customers. It has a 36.95 P/E ratio. It operates through two operating divisions: Specialty Lasers and Systems and Commercial Lasers and Components (CLC).

Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.11, from 0.97 in 2016Q1. The ratio is positive, as 33 funds sold all Coherent, Inc. shares owned while 66 reduced positions. 35 funds bought stakes while 61 increased positions. They now own 20.88 million shares or 26.28% less from 28.33 million shares in 2016Q1.
Teacher Retirement System Of Texas last reported 3,382 shares in the company. Envestnet Asset Mngmt owns 4,165 shares or 0% of their US portfolio. Zacks Invest Mgmt holds 29,843 shares or 0.08% of its portfolio. Great West Life Assurance Can last reported 0% of its portfolio in the stock. Cortina Asset Limited has invested 0.24% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Visium Asset Limited Partnership last reported 0.22% of its portfolio in the stock. Parametrica Mgmt accumulated 0.77% or 5,608 shares. Moreover, Connable Office Incorporated has 0.11% invested in Coherent, Inc. (NASDAQ:COHR) for 4,152 shares. Commonwealth Equity Service Inc owns 3,691 shares or 0% of their US portfolio. Moreover, Creative Planning has 0% invested in Coherent, Inc. (NASDAQ:COHR) for 602 shares. Moreover, Icon Advisers has 0.02% invested in Coherent, Inc. (NASDAQ:COHR) for 3,794 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Moreover, First Mercantile Co has 0.04% invested in Coherent, Inc. (NASDAQ:COHR) for 3,300 shares. State Of Tennessee Treasury Department owns 69,341 shares or 0.03% of their US portfolio. State Street Corp owns 475,501 shares or 0% of their US portfolio.

Insider Transactions: Since August 1, 2016, the stock had 0 insider buys, and 13 selling transactions for $6.26 million net activity. 1,039 shares were sold by DiMarco Bret, worth $109,956. Another trade for 4,042 shares valued at $434,919 was sold by SOBEY MARK STEWART. The insider SKAGGS STEPHEN A sold $63,130. KRAUSE L WILLIAM also sold $128,912 worth of Coherent, Inc. (NASDAQ:COHR) shares. On Sunday, November 13 SPINELLI LUIS sold $545,405 worth of the stock or 4,328 shares. JAMES SUSAN M. had sold 5,000 shares worth $533,726.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Out of 4 analysts covering Coherent (NASDAQ:COHR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Coherent has been the topic of 9 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Thursday, November 3 by Needham. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 29. Needham maintained Coherent, Inc. (NASDAQ:COHR) on Friday, January 29 with “Buy” rating. The firm has “Buy” rating given on Thursday, November 10 by Benchmark. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Monday, March 7 by Stifel Nicolaus. The firm has “Buy” rating by TheStreet given on Wednesday, September 2. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Benchmark on Monday, May 23.

COHR Company Profile

Coherent, Inc., incorporated on January 11, 1989, is a supplier of photonics solutions for a range of commercial and scientific research applications. The Firm designs, makes, services and markets lasers and related accessories to customers. The Firm operates in two divisions: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

More important recent Coherent, Inc. (NASDAQ:COHR) news were published by: Prnewswire.com which released: “COHERENT, Inc. Announces Closing of Acquisition of ROFIN-SINAR Technologies” on November 07, 2016, also Prnewswire.com published article titled: “Coherent, Inc. Reports Fourth Fiscal Quarter and Year-End Results”, Streetinsider.com published: “Coherent, Inc. (COHR) to Acquire ROFIN-SINAR (RSTI) in $942M Deal” on March 16, 2016. More interesting news about Coherent, Inc. (NASDAQ:COHR) was released by: Reuters.com and their article: “BRIEF-Coherent Inc entered into a credit agreement – SEC filing” with publication date: November 08, 2016.

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By Pete Kolinski


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