Short Interest of The Day: Could Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) See a Reversal After Less Sellers Came In?

November 30, 2016 - By Darrin Black   ·   0 Comments

Short Interest of The Day: Could Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) See a Reversal After Less Sellers Came In?

The stock of Herzfeld Caribbean Basin Fund (NASDAQ:CUBA) registered a decrease of 72.88% in short interest. CUBA’s total short interest was 1,600 shares in November as published by FINRA. Its down 72.88% from 5,900 shares, reported previously. With 28,600 shares average volume, it will take short sellers 0 days to cover their CUBA’s short positions. About 127,981 shares traded hands or 18.62% up from the average. Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) has declined 2.61% since April 27, 2016 and is downtrending. It has underperformed by 7.84% the S&P500.

The Herzfeld Caribbean Basin Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $41.22 million. The Fund’s investment objective is to obtain long-term capital appreciation. It currently has negative earnings. The Fund pursues its objective by investing primarily in equity and equity-linked securities of public and private companies, including the United States companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country or that have at least 50% of the value of their assets in a Caribbean Basin Country or that derive at least 50% of their total revenue from activities in a Caribbean Basin Country (collectively, Caribbean Basin Companies).

Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.42, from 0.71 in 2016Q1. The ratio increased, as 2 funds sold all Herzfeld Caribbean Basin Fund, Inc shares owned while 5 reduced positions. 2 funds bought stakes while 3 increased positions. They now own 658,809 shares or 1.15% less from 666,504 shares in 2016Q1.
Ladenburg Thalmann Services Incorporated, a Florida-based fund reported 3,908 shares. Tower Research Ltd Llc (Trc) has 0% invested in the company for 600 shares. Cwm Ltd Liability accumulated 0% or 10,100 shares. Citigroup Inc has 1,000 shares for 0% of their US portfolio. Creative Planning holds 0% or 7,567 shares in its portfolio. Thomas J Herzfeld has invested 1.37% of its portfolio in Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA). Wells Fargo & Communication Mn reported 407 shares or 0% of all its holdings. Raymond James Associate last reported 0% of its portfolio in the stock. Bennicas & Assoc has 0.1% invested in the company for 17,550 shares. Doliver has invested 0.49% of its portfolio in Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA). Morgan Stanley accumulated 8,671 shares or 0% of the stock. Deutsche Financial Bank Ag has 1,100 shares for 0% of their US portfolio. Lpl Fincl Ltd Llc holds 0% of its portfolio in Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) for 33,505 shares. Kistler reported 740 shares or 0% of all its holdings. The North Carolina-based National Bank & Trust Of America De has invested 0% in Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA).

Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) Ratings Coverage

Out of 2 analysts covering The Herzfeld Caribbean Basin Fund (NASDAQ:CUBA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. The Herzfeld Caribbean Basin Fund has been the topic of 2 analyst reports since April 19, 2016 according to StockzIntelligence Inc. Pacific Crest upgraded Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) on Tuesday, August 30 to “Overweight” rating. The firm has “Buy” rating given on Tuesday, April 19 by Ladenburg Thalmann.

CUBA Company Profile

The Herzfeld Caribbean Basin Fund, Inc. (the Fund), incorporated on March 10, 1992, is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation. The Fund invests in issuers located in countries in the Caribbean Basin, which include, among others, Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia, the United States and Venezuela. The Fund’s investment advisor is HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc.

More notable recent Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) news were published by: Marketwatch.com which released: “Herzfeld Caribbean Basin Fund Inc.” on June 09, 2011, also Schaeffersresearch.com with their article: “2 Cruise Stocks Sitting Out the Herzfeld Caribbean Basin Fund, Inc (CUBA …” published on November 28, 2016, Finance.Yahoo.com published: “The Herzfeld Caribbean Basin Fund, Inc. Declares $0.13496 Per Share Year-End …” on November 18, 2016. More interesting news about Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) were released by: Marketwatch.com and their article: “‘CUBA’ fund soars after Fidel Castro’s death” published on November 28, 2016 as well as Money.Cnn.com‘s news article titled: “The Herzfeld Caribbean Basin Fund, Inc. Appoints Erik M. Herzfeld as President” with publication date: February 10, 2016.

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By Darrin Black

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