Short Interest Worth Mentioning: What’s Next for Conns Incorporated (NASDAQ:CONN) After Having Less Shares Shorted?

November 30, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Worth Mentioning: What's Next for Conns Incorporated (NASDAQ:CONN) After Having Less Shares Shorted?

The stock of Conns Incorporated (NASDAQ:CONN) registered a decrease of 5.28% in short interest. CONN’s total short interest was 6.45M shares in November as published by FINRA. Its down 5.28% from 6.81M shares, reported previously. With 694,900 shares average volume, it will take short sellers 9 days to cover their CONN’s short positions. The short interest to Conns Incorporated’s float is 34.17%. The stock increased 0.89% or $0.1 during the last trading session, hitting $11.35. Conn’s Inc (NASDAQ:CONN) has declined 24.13% since April 27, 2016 and is downtrending. It has underperformed by 29.36% the S&P500.

Conn’s, Inc. is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The company has a market cap of $337.34 million. The Firm operates through two divisions: retail and credit. It currently has negative earnings. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display , organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

Insitutional Activity: The institutional sentiment increased to 1.52 in Q2 2016. Its up 1.04, from 0.48 in 2016Q1. The ratio is positive, as 18 funds sold all Conn’s Inc shares owned while 40 reduced positions. 6 funds bought stakes while 22 increased positions. They now own 19.25 million shares or 18.72% less from 23.68 million shares in 2016Q1.
Moreover, Commerzbank Aktiengesellschaft Fi has 0% invested in Conn’s Inc (NASDAQ:CONN) for 37,720 shares. Bnp Paribas Arbitrage Sa has 0% invested in the company for 783 shares. M&R Cap Management Inc owns 2,000 shares or 0% of their US portfolio. Dimensional Fund Advsr L P holds 0.01% of its portfolio in Conn’s Inc (NASDAQ:CONN) for 1.57 million shares. Blackrock Advsrs Ltd Liability Corp has 9,908 shares for 0% of their US portfolio. Schwab Charles Invest Mgmt has 43,200 shares for 0% of their US portfolio. Mizuho Securities Usa Inc holds 45,800 shares or 0.05% of its portfolio. Ladenburg Thalmann Ser Incorporated owns 4,400 shares or 0% of their US portfolio. Quantitative Invest Mgmt Llc accumulated 0.01% or 27,100 shares. Spot Trading Limited Liability Corporation accumulated 386 shares or 0% of the stock. Northern Corp last reported 226,222 shares in the company. Pacific Glob Investment Communications has 0.9% invested in the company for 520,190 shares. Geode Mgmt Limited Liability reported 179,057 shares or 0% of all its holdings. Teachers Inc owns 21,550 shares or 0% of their US portfolio. The Illinois-based Wolverine Asset Mngmt Ltd Liability has invested 0% in Conn’s Inc (NASDAQ:CONN).

Insider Transactions: Since June 2, 2016, the stock had 5 insider buys, and 0 insider sales for $16.62 million net activity. 1.00M shares with value of $7.10M were bought by STEPHENS HARRIET C on Friday, July 15. STEPHENS WARREN A also bought $199,999 worth of Conn’s Inc (NASDAQ:CONN) on Friday, September 9. WARREN A STEPHENS GRANTORS TRUST had bought 285,000 shares worth $2.02M on Friday, July 15. Luxor Capital Group – LP had sold 1.07M shares worth $9.46M on Thursday, June 2.

Conn’s Inc (NASDAQ:CONN) Ratings Coverage

Out of 3 analysts covering CONN’S (NASDAQ:CONN), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. CONN’S has been the topic of 8 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded Conn’s Inc (NASDAQ:CONN) rating on Wednesday, September 21. Stifel Nicolaus has “Buy” rating and $16 price target. As per Wednesday, December 9, the company rating was maintained by Stifel Nicolaus. As per Friday, June 3, the company rating was downgraded by Piper Jaffray. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, September 15. The rating was downgraded by Stifel Nicolaus on Wednesday, January 13 to “Hold”. The rating was upgraded by Stephens on Tuesday, March 15 to “Overweight”. Stifel Nicolaus upgraded Conn’s Inc (NASDAQ:CONN) on Tuesday, December 1 to “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Monday, August 17 report.

CONN Company Profile

Conn’s, Inc. (Conn’s), incorporated on January 15, 2003, is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Firm operates through two divisions: retail and credit. The Company’s product offerings include furniture and mattresses, home appliances, consumer electronics and home office products. The Company’s credit offering provides financing solutions to credit constrained clients having limited banking options. It operates in approximately nine regional distribution centers located in Houston, San Antonio, Dallas, Beaumont, El Paso and McAllen, Texas; Phoenix, Arizona; Denver, Colorado and Charlotte, North Carolina; over 10 smaller cross-dock facilities, and approximately 20 stores with cross-dock facilities. The Firm operates its business through its retail stores and Website.

Another recent and important Conn’s Inc (NASDAQ:CONN) news was published by Businesswire.com which published an article titled: “Conn’s, Inc. Schedules Conference Call to Discuss Third-Quarter Fiscal 2017 …” on November 28, 2016.

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By Peter Erickson


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