Short Interest Runner: It Seems Crocs Incorporated (NASDAQ:CROX) Will Go Down. Just Reported More Shorted Shares

November 30, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest Runner: It Seems Crocs Incorporated (NASDAQ:CROX) Will Go Down. Just Reported More Shorted Shares

The stock of Crocs Incorporated (NASDAQ:CROX) registered an increase of 3.17% in short interest. CROX’s total short interest was 5.19M shares in November as published by FINRA. Its up 3.17% from 5.03 million shares, reported previously. With 678,300 shares average volume, it will take short sellers 8 days to cover their CROX’s short positions. The short interest to Crocs Incorporated’s float is 7.94%. About 273,675 shares traded hands. Crocs, Inc. (NASDAQ:CROX) has declined 15.38% since April 27, 2016 and is downtrending. It has underperformed by 20.60% the S&P500.

Crocs, Inc. is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The company has a market cap of $499.77 million. The Company’s divisions include Americas, Asia Pacific and Europe. It currently has negative earnings. The Americas segment consists of the product sales in the North and South America geographic regions.

Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.35, from 0.9 in 2016Q1. The ratio improved, as 29 funds sold all Crocs, Inc. shares owned while 43 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 71.30 million shares or 0.46% less from 71.63 million shares in 2016Q1.
The Connecticut-based Paloma Partners Mgmt has invested 0.01% in Crocs, Inc. (NASDAQ:CROX). Jpmorgan Chase And owns 5.44M shares or 0.02% of their US portfolio. Tiaa Cref Investment Management Ltd Liability Corp holds 0% of its portfolio in Crocs, Inc. (NASDAQ:CROX) for 224,171 shares. The Mississippi-based Trustmark Bancorp Department has invested 0.02% in Crocs, Inc. (NASDAQ:CROX). Walleye Trading Lc holds 0% of its portfolio in Crocs, Inc. (NASDAQ:CROX) for 12,240 shares. Central Bank & Tru has 650 shares for 0% of their US portfolio. Livingston Gp Asset Mngmt Co (Operating As Southport Capital Management), a Tennessee-based fund reported 7,529 shares. Parametric Portfolio Associates Lc accumulated 557,725 shares or 0.01% of the stock. Moreover, Next Financial Group has 0% invested in Crocs, Inc. (NASDAQ:CROX) for 100 shares. State Board Of Administration Of Florida Retirement last reported 84,518 shares in the company. Moreover, Tower Capital Ltd Llc (Trc) has 0% invested in Crocs, Inc. (NASDAQ:CROX) for 1,177 shares. Alliancebernstein Ltd Partnership holds 7.45 million shares or 0.07% of its portfolio. Vsr Fincl has 159,641 shares for 0.3% of their US portfolio. Moreover, Citadel Advisors Ltd Liability has 0% invested in Crocs, Inc. (NASDAQ:CROX) for 46,011 shares. Moreover, Blackrock Advsrs Ltd Liability Company has 0% invested in Crocs, Inc. (NASDAQ:CROX) for 35,658 shares.

Insider Transactions: Since August 24, 2016, the stock had 1 buy, and 0 sales for $66,371 net activity. Shares for $66,371 were bought by Teffner Carrie W. on Wednesday, August 24.

Crocs, Inc. (NASDAQ:CROX) Ratings Coverage

Out of 7 analysts covering Crocs (NASDAQ:CROX), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Crocs has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained it with “Buy” rating and $17 target price in Tuesday, August 11 report. Monness Crespi & Hardt downgraded Crocs, Inc. (NASDAQ:CROX) on Thursday, November 10 to “Neutral” rating. The stock of Crocs, Inc. (NASDAQ:CROX) has “Neutral” rating given on Tuesday, October 27 by Sterne Agee CRT. The firm has “Hold” rating given on Wednesday, April 27 by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, October 1 by Stifel Nicolaus. Susquehanna initiated it with “Neutral” rating and $9.50 target price in Friday, August 12 report. Piper Jaffray downgraded Crocs, Inc. (NASDAQ:CROX) on Thursday, October 1 to “Neutral” rating. On Friday, August 14 the stock rating was maintained by Sterne Agee CRT with “Buy”. The firm earned “Buy” rating on Monday, November 9 by Monness Crespi & Hardt. The firm earned “Neutral” rating on Thursday, October 1 by B. Riley & Co.

CROX Company Profile

Crocs, Inc., incorporated on April 15, 2005, is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The Company’s divisions include Americas, Asia Pacific and Europe. The Company’s products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials. It sells its products in over 60 countries through domestic and international retailers and distributors, and directly to clients through its company-operated retail stores, outlets, Webstores and kiosks. The Firm markets its products through a range of channels, including family footwear stores, department stores, department stores, sporting goods stores and traditional footwear retailers, as well as a range of specialty and independent retail channels, and through the Internet. The Firm operates approximately 270 global retail stores, 190 global outlet stores and 100 global kiosks and store-in-stores. The Firm offers a range of footwear products, including clogs, sandals, wedges, flats, sneakers and boots.

More news for Crocs, Inc. (NASDAQ:CROX) were recently published by: Fool.com, which released: “Why Crocs Inc. Stock Lost 24% Last Month” on September 03, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Crocs, Inc., 42.9% Follow-Through Indicator, 9.1 …” and published on November 09, 2016 is yet another important article.

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By Ruchi Gupta


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