November 30, 2016 - By Richard Conner · 0 Comments
The stock of Cray Incorporated (NASDAQ:CRAY) registered an increase of 17.76% in short interest. CRAY’s total short interest was 2.65 million shares in November as published by FINRA. Its up 17.76% from 2.25 million shares, reported previously. With 307,800 shares average volume, it will take short sellers 9 days to cover their CRAY’s short positions. The short interest to Cray Incorporated’s float is 6.82%. About 2,648 shares traded hands. Cray Inc. (NASDAQ:CRAY) has declined 51.98% since April 27, 2016 and is downtrending. It has underperformed by 57.20% the S&P500.
Cray Inc. designs, develops, manufactures, markets and services the high-end of the high performance computing market, primarily categories of systems, known as supercomputers and provides storage and data analytics solutions. The company has a market cap of $782.36 million. The Firm provides software, system maintenance, support services and engineering services related to supercomputer systems. It currently has negative earnings. The Company’s divisions are Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.
Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.21, from 0.7 in 2016Q1. The ratio is positive, as 40 funds sold all Cray Inc. shares owned while 57 reduced positions. 16 funds bought stakes while 52 increased positions. They now own 36.80 million shares or 3.14% less from 37.99 million shares in 2016Q1.
New Jersey Better Educational Savings Trust last reported 9,000 shares in the company. Royal Bancshares Of Canada holds 12,848 shares or 0% of its portfolio. Sei Invs Co owns 40 shares or 0% of their US portfolio. Credit Suisse Ag reported 38,087 shares or 0% of all its holdings. Hbk Invs Lp last reported 84,100 shares in the company. Cubist Systematic Strategies Limited Liability Company reported 8,699 shares or 0.02% of all its holdings. Blackrock Grp Limited, a United Kingdom-based fund reported 123,705 shares. The California-based First Quadrant L P Ca has invested 0.02% in Cray Inc. (NASDAQ:CRAY). State Of Tennessee Treasury Department has 132,439 shares for 0.02% of their US portfolio. Tfs Limited Liability Co has 7,285 shares for 0.04% of their US portfolio. Bnp Paribas Arbitrage Sa has invested 0.01% of its portfolio in Cray Inc. (NASDAQ:CRAY). Gilder Gagnon Howe Ltd Liability holds 0.98% or 1.66 million shares in its portfolio. Invesco owns 1.97M shares or 0.02% of their US portfolio. The Connecticut-based Aqr Management Limited Liability Corp has invested 0.01% in Cray Inc. (NASDAQ:CRAY). Teacher Retirement System Of Texas reported 5,699 shares or 0% of all its holdings.
Insider Transactions: Since August 16, 2016, the stock had 0 insider buys, and 3 insider sales for $677,337 net activity. $329,475 worth of Cray Inc. (NASDAQ:CRAY) was sold by Piraino Michael Charles. MORREALE CHARLES A sold $125,873 worth of Cray Inc. (NASDAQ:CRAY) on Monday, November 7. REGIS DANIEL C had sold 11,569 shares worth $221,989 on Friday, November 18.
Out of 4 analysts covering Cray (NASDAQ:CRAY), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Cray has been the topic of 9 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Needham maintained Cray Inc. (NASDAQ:CRAY) on Friday, July 31 with “Buy” rating. The firm has “Buy” rating given on Friday, February 12 by Needham. The firm earned “Buy” rating on Tuesday, November 8 by Stifel Nicolaus. The firm earned “Neutral” rating on Monday, March 7 by Sidoti. The stock has “Buy” rating given by Stifel Nicolaus on Friday, February 12. Craig Hallum downgraded the stock to “Hold” rating in Wednesday, May 4 report. The stock has “Buy” rating given by Needham on Tuesday, November 8. The firm has “Hold” rating by Needham given on Wednesday, May 4. The rating was upgraded by Sidoti on Tuesday, April 19 to “Buy”.
Cray Inc., incorporated on December 7, 1987, designs, develops, makes, markets and services the high-end of the high performance computing (HPC) market, primarily categories of systems, known as supercomputers and provides storage and data analytics solutions. The Firm provides software, system maintenance, support services and engineering services related to supercomputer systems. The Company’s clients include foreign and domestic governments, government-funded entities, academic institutions and commercial entities. The Company’s divisions are Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other. The Company’s products include Cray Supercomputing Systems, including Cray XC40-LC Supercomputer, Cray XC40-AC Supercomputer, Cray CS400-AC Supercomputer, Cray CS400-LC Supercomputer and Cray CS-Storm Supercomputer; Cray Analytics Products, including Cray Urika-GD Graph Discovery Appliance and Cray Urika-XA Extreme Analytics Platform, and Cray Storage and Data Management Products, including Cray Sonexion Storage Systems, Cray DataWarp Applications I/O Accelerator and Cray Tiered Adaptive Storage (TAS).
More important recent Cray Inc. (NASDAQ:CRAY) news were published by: Fool.com which released: “Why Cray Inc. Is Plunging Today” on May 04, 2016, also Finance.Yahoo.com published article titled: “CORRECTING and REPLACING — Cray Inc.”, Fool.com published: “Why Cray, Inc. Fell 27% in August” on September 08, 2016. More interesting news about Cray Inc. (NASDAQ:CRAY) was released by: Wsj.com and their article: “Cray’s Stock Plunges Due to Smoke and Wider Than Expected Losses” with publication date: August 03, 2016.
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By Richard Conner