Short Interest Alert: Dolby Laboratories Incclass A (NYSE:DLB)’s Trend Unknown, Especially After Increased Shorts

December 1, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Alert: Dolby Laboratories Incclass A (NYSE:DLB)’s Trend Unknown, Especially After Increased Shorts

The stock of Dolby Laboratories Incclass A (NYSE:DLB) registered an increase of 5.68% in short interest. DLB’s total short interest was 2.94 million shares in December as published by FINRA. Its up 5.68% from 2.78M shares, reported previously. With 953,900 shares average volume, it will take short sellers 3 days to cover their DLB’s short positions. The short interest to Dolby Laboratories Incclass A’s float is 5.27%. About 90,495 shares traded hands. Dolby Laboratories, Inc. (NYSE:DLB) has declined 3.69% since April 28, 2016 and is downtrending. It has underperformed by 9.62% the S&P500.

Dolby Laboratories, Inc. creates audio, imaging and communication technologies that transform entertainment and communications at the cinema, home, work and on mobile devices. The company has a market cap of $4.63 billion. The Firm offers digital signal processing and compression technologies. It has a 25.4 P/E ratio. The Company’s technologies enable the development of the audio technologies for the cinema, home entertainment, mobile and gaming experiences.

Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.30, from 1.43 in 2016Q1. The ratio dropped, as 12 funds sold all Dolby Laboratories, Inc. shares owned while 70 reduced positions. 48 funds bought stakes while 69 increased positions. They now own 49.19 million shares or 1.59% less from 49.98 million shares in 2016Q1.
River Road Asset Mngmt Ltd Liability Corporation last reported 389,950 shares in the company. Alyeska Investment Grp Inc L P has 0.05% invested in the company for 105,022 shares. Envestnet Asset Management Incorporated has 0.01% invested in the company for 27,790 shares. Fred Alger Incorporated accumulated 0.04% or 139,431 shares. Wfg Advsrs Limited Partnership last reported 32 shares in the company. Guggenheim Cap Limited holds 7,273 shares or 0% of its portfolio. Cramer Rosenthal Mcglynn Lc has 890,535 shares for 0.69% of their US portfolio. Wells Fargo Mn holds 0.01% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB) for 483,149 shares. Reliance Co Of Delaware has 0.05% invested in the company for 14,238 shares. Cortina Asset Ltd Liability Company, a Wisconsin-based fund reported 132,998 shares. Hermes Inv Mngmt Limited holds 16,201 shares or 0.02% of its portfolio. Millennium Management Limited Liability Corporation accumulated 24,179 shares or 0% of the stock. Aqr Cap Mgmt Ltd Liability last reported 67,984 shares in the company. Vanguard Grp, a Pennsylvania-based fund reported 3.76M shares. Burney Communications accumulated 267,364 shares or 0.92% of the stock.

Insider Transactions: Since July 25, 2016, the stock had 0 insider buys, and 29 selling transactions for $87.62 million net activity. Borchers Bob sold $432,277 worth of Dolby Laboratories, Inc. (NYSE:DLB) on Monday, August 1. 100,000 shares with value of $4.97M were sold by Dolby Dagmar on Friday, August 12. BERGERON MICHAEL had sold 68,161 shares worth $3.40 million. Another trade for 15,000 shares valued at $702,750 was sold by CHEW LEWIS. 25,000 Dolby Laboratories, Inc. (NYSE:DLB) shares with value of $1.25 million were sold by YEAMAN KEVIN J. Shares for $1.43M were sold by GOTCHER PETER C. Shares for $1.95 million were sold by Forshay Steven E.

Dolby Laboratories, Inc. (NYSE:DLB) Ratings Coverage

Out of 3 analysts covering Dolby Laboratories (NYSE:DLB), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Dolby Laboratories has been the topic of 4 analyst reports since October 22, 2015 according to StockzIntelligence Inc. The rating was maintained by B. Riley & Co on Thursday, October 22 with “Neutral”. The firm has “Buy” rating by Dougherty & Company given on Thursday, April 28. On Thursday, January 28 the stock rating was upgraded by Dougherty & Company to “Buy”. JP Morgan downgraded Dolby Laboratories, Inc. (NYSE:DLB) on Friday, April 8 to “Neutral” rating.

DLB Company Profile

Dolby Laboratories, Inc., incorporated on September 1, 2004, creates audio, imaging and communication technologies that transform entertainment and communications at the cinema, home, work and on mobile devices. The Firm offers a range of digital signal processing and compression technologies. The Company’s technologies enable the development of the audio technologies for the cinema, home entertainment, mobile and gaming experiences. It also provides services and products that enable content creators and distributors to produce, encode, transmit and playback content. It is also engaged in developing applications for voice conferencing, as well as imaging solutions that enable high dynamic range imaging (HDR) picture quality in televisions and cinemas.

More recent Dolby Laboratories, Inc. (NYSE:DLB) news were published by: Fool.com which released: “Why Dolby Laboratories, Inc. Stock Rose 14%” on April 28, 2016. Also Fool.com published the news titled: “Dolby Laboratories, Inc. Serves Up a Mix” on October 24, 2015. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Intel, Apple, and Dolby Laboratories” with publication date: November 01, 2016 was also an interesting one.

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By Marguerite Chambers


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