Follow The Short Interest: Is Digi International Incorporated (NASDAQ:DGII)’s Fuel Running Low? Reports Show More Sellers

December 1, 2016 - By Louis Casey   ·   0 Comments

Follow The Short Interest: Is Digi International Incorporated (NASDAQ:DGII)’s Fuel Running Low? Reports Show More Sellers

The stock of Digi International Incorporated (NASDAQ:DGII) registered an increase of 12.29% in short interest. DGII’s total short interest was 329,000 shares in December as published by FINRA. Its up 12.29% from 293,000 shares, reported previously. With 99,700 shares average volume, it will take short sellers 3 days to cover their DGII’s short positions. The short interest to Digi International Incorporated’s float is 1.3%. Digi International Inc. (NASDAQ:DGII) has risen 44.71% since April 28, 2016 and is uptrending. It has outperformed by 38.78% the S&P500.

Digi International Inc. is a provider of Internet of Things networking hardware products and solutions that enable the connection, monitoring and control of local or remote physical assets by electronic means. The company has a market cap of $339.07 million. The Company’s products and solutions are deployed via both wired and, ever increasingly, wireless networks. It has a 26.26 P/E ratio. The Company’s portfolio includes wireless and wired hardware products, and Services and solutions that include Digi Cold Chain Solutions; Digi Device Cloud and Digi Remote Manager; Wireless Design Services, and Digi Enterprise Support Services.

Insitutional Activity: The institutional sentiment decreased to 1.38 in Q2 2016. Its down 0.11, from 1.49 in 2016Q1. The ratio worsened, as 9 funds sold all Digi International Inc. shares owned while 32 reduced positions. 17 funds bought stakes while 44 increased positions. They now own 20.95 million shares or 0.57% less from 21.07 million shares in 2016Q1.
Citigroup accumulated 13,150 shares or 0% of the stock. Walleye Trading Ltd Liability Co last reported 0% of its portfolio in the stock. Legal & General Grp Incorporated Public Limited Liability holds 0% of its portfolio in Digi International Inc. (NASDAQ:DGII) for 4,804 shares. Moreover, Deutsche Bancorp Ag has 0% invested in Digi International Inc. (NASDAQ:DGII) for 37,933 shares. Loomis Sayles L P has 648,038 shares for 0.02% of their US portfolio. Strs Ohio, a Ohio-based fund reported 10,100 shares. Wealthtrust accumulated 0.01% or 818 shares. The Ohio-based Fifth Third Bancorp has invested 0% in Digi International Inc. (NASDAQ:DGII). Jacobs Levy Equity Mngmt accumulated 23,501 shares or 0.01% of the stock. Royal Savings Bank Of Canada, a Ontario – Canada-based fund reported 25,825 shares. The Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in Digi International Inc. (NASDAQ:DGII). Petrus Lta has 18,613 shares for 0.05% of their US portfolio. Spark Management Limited Co holds 0.02% of its portfolio in Digi International Inc. (NASDAQ:DGII) for 19,200 shares. Moreover, Invesco has 0% invested in Digi International Inc. (NASDAQ:DGII) for 192,316 shares. Goldman Sachs Grp Incorporated accumulated 0% or 70,141 shares.

Insider Transactions: Since November 28, 2016, the stock had 0 insider purchases, and 1 sale for $172,564 net activity. On Monday, November 28 the insider Priesmeyer William N sold $172,564.

Digi International Inc. (NASDAQ:DGII) Ratings Coverage

Out of 3 analysts covering Digi Intl (NASDAQ:DGII), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Digi Intl has been the topic of 4 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The rating was initiated by Lake Street with “Buy” on Friday, August 28. The firm earned “Neutral” rating on Wednesday, August 24 by Sidoti. The rating was upgraded by Sidoti to “Buy” on Monday, January 25. The firm earned “Overweight” rating on Tuesday, September 1 by Stephens.

DGII Company Profile

Digi International Inc. (Digi), incorporated on June 28, 1989, is a well-known provider of machine-to-machine (M2M) networking hardware and solutions. The Company’s solutions are aimed at connection, monitoring and control of local or remote physical assets by electronic means. The networking products and solutions can connect communication hardware to a physical asset, convey information about the asset’s status and performance to a computer system, and then use that information to improve or automate one or more processes. Digi’s solutions are used in wireless networks as wireless networking technologies. The Company’s solutions portfolio includes wireless and wired hardware products, and services and solutions, including professional consulting services, product design and development services, The Device Cloud by Etherios (Device Cloud), which is a platform as-a-service (PAAS) offering, and application development services.

More important recent Digi International Inc. (NASDAQ:DGII) news were published by: Startribune.com which released: “Digi board rejects Belden’s second offer; investors act as if company is in play” on November 14, 2016, also Marketwatch.com published article titled: “Digi International soars as Belden discloses $380 million buyout offer”, Businesswire.com published: “Belden Submits Proposal to Digi International Inc. Regarding Potential Acquisition” on November 11, 2016. More interesting news about Digi International Inc. (NASDAQ:DGII) was released by: Bizjournals.com and their article: “Startup FreshTemp acquired by Digi International” with publication date: November 23, 2016.

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By Louis Casey


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