Short Interest Summary: Cenveo Incorporated (NYSE:CVO) Reports Decline in Sellers; Strong Momentum for Longs

November 30, 2016 - By Richard Conner   ·   0 Comments

Short Interest Summary: Cenveo Incorporated (NYSE:CVO) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Cenveo Incorporated (NYSE:CVO) registered a decrease of 7.35% in short interest. CVO’s total short interest was 280,000 shares in November as published by FINRA. Its down 7.35% from 302,200 shares, reported previously. With 30,500 shares average volume, it will take short sellers 9 days to cover their CVO’s short positions. The short interest to Cenveo Incorporated’s float is 4.7%. About 36,507 shares traded hands. Cenveo, Inc. (NYSE:CVO) has risen 58.73% since April 27, 2016 and is uptrending. It has outperformed by 53.50% the S&P500.

Cenveo, Inc. is a diversified manufacturing firm focused on print-related products. The company has a market cap of $58.07 million. The Company’s portfolio of products includes envelope converting, commercial printing and label manufacturing. It has a 0.99 P/E ratio. The Firm operates through three divisions: Envelope, Print and Label.

Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 0.79, from 0.79 in 2016Q1. The ratio fall, as 11 funds sold all Cenveo, Inc. shares owned while 13 reduced positions. 8 funds bought stakes while 11 increased positions. They now own 22.22 million shares or 18.66% less from 27.32 million shares in 2016Q1.
Geode Mngmt Ltd holds 322,991 shares or 0% of its portfolio. Vanguard Gru reported 2.13 million shares or 0% of all its holdings. First Manhattan last reported 217,056 shares in the company. Blackrock Fund holds 142,958 shares or 0% of its portfolio. Price T Rowe Md last reported 24,500 shares in the company. Wallace Cap Management Inc holds 0.42% or 3.11 million shares in its portfolio. Jpmorgan Chase & has invested 0% of its portfolio in Cenveo, Inc. (NYSE:CVO). Boston has 666,360 shares for 0% of their US portfolio. Blackrock Advsrs Ltd Liability last reported 14,736 shares in the company. Deutsche Fincl Bank Ag accumulated 0% or 62 shares. Tower Capital Lc (Trc) accumulated 17,797 shares or 0% of the stock. Jacobs Levy Equity Mgmt Incorporated owns 413,211 shares or 0.01% of their US portfolio. Moreover, Zelman Limited Liability Corporation has 0.58% invested in Cenveo, Inc. (NYSE:CVO) for 3.98 million shares. Cowen Group holds 0% of its portfolio in Cenveo, Inc. (NYSE:CVO) for 83,505 shares. Fincl Architects, a New Jersey-based fund reported 12,500 shares.

Insider Transactions: Since June 10, 2016, the stock had 5 insider purchases, and 0 insider sales for $339,780 net activity. Shares for $19,103 were bought by ARMSTRONG GERALD S on Tuesday, August 16. Griffin Mark J also bought $6,527 worth of Cenveo, Inc. (NYSE:CVO) on Wednesday, August 31. BURTON ROBERT G SR bought $110,068 worth of stock or 15,975 shares.

CVO Company Profile

Cenveo, Inc., incorporated on May 1, 1997, is a diversified manufacturing firm focused on print-related products. The Company’s portfolio of products includes envelope converting, commercial printing and label manufacturing. The Firm operates through three divisions: Envelope, Print and Label. The Firm distributes the principal products of its three divisions by freight carriers, direct shipment through express mail and the United States postal system.

More notable recent Cenveo, Inc. (NYSE:CVO) news were published by: Prnewswire.com which released: “Cenveo Corporation Announces Offer to Exchange Outstanding 11.500% Senior …” on May 11, 2016, also Seekingalpha.com with their article: “Will Cenveo Be The Next To File For Bankruptcy?” published on February 25, 2016, Moodys.com published: “Moody’s downgrades Cenveo’s PDR to Caa3-PD” on May 16, 2016. More interesting news about Cenveo, Inc. (NYSE:CVO) were released by: Moodys.com and their article: “Moody’s downgrades Cenveo’s CFR to Caa2; outlook negative” published on March 08, 2016 as well as Seekingalpha.com‘s news article titled: “Cenveo Steps Back From The Brink … But Not Far” with publication date: August 07, 2016.

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By Richard Conner


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