Short Interest Don’t Lie: What Next for Amdocs Limited Ord (NASDAQ:DOX) Stock After Decrease in Shorted Shares?

December 1, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Don't Lie: What Next for Amdocs Limited Ord (NASDAQ:DOX) Stock After Decrease in Shorted Shares?

The stock of Amdocs Limited Ord (NASDAQ:DOX) registered a decrease of 2.84% in short interest. DOX’s total short interest was 1.45M shares in December as published by FINRA. Its down 2.84% from 1.49M shares, reported previously. With 589,000 shares average volume, it will take short sellers 3 days to cover their DOX’s short positions. About 239,155 shares traded hands. Amdocs Limited (NASDAQ:DOX) has risen 3.42% since April 28, 2016 and is uptrending. It has underperformed by 2.51% the S&P500.

Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The company has a market cap of $8.74 billion. The Firm develops, implements and manages software and services associated with business support systems , operational support systems (OSS) and network activities to enable service providers to introduce new services and products, process orders, monetize data, support new business models and enhance their understanding of their customers. It has a 21.56 P/E ratio. The Company’s segment provides software services and products.

Amdocs Limited (NASDAQ:DOX) Ratings Coverage

Out of 5 analysts covering Amdocs (NASDAQ:DOX), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Amdocs has been the topic of 6 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, January 28 by Bank of America. The company was maintained on Wednesday, November 11 by Stifel Nicolaus. Oppenheimer maintained the stock with “Outperform” rating in Thursday, September 10 report. The firm has “Equal Weight” rating by Barclays Capital given on Thursday, November 12. Stifel Nicolaus maintained Amdocs Limited (NASDAQ:DOX) on Thursday, July 30 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Wednesday, July 27.

DOX Company Profile

Amdocs Limited, incorporated on September 28, 1988, is a well-known provider of software and services for communications, entertainment and media industry service providers. The Firm develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network activities to enable service providers to introduce new services and products, process orders, monetize data, support new business models and enhance their understanding of their customers. The Company’s segment provides software services and products. These service providers include telecommunications companies, cable and satellite providers, and directory publishers and other providers of media services. The Firm also offers a range of advertising and media solutions for local marketing service providers and search and directory publishers.

Another recent and important Amdocs Limited (NASDAQ:DOX) news was published by Nasdaq.com which published an article titled: “Amdocs Limited Reports Record Quarterly Revenue of $941M” on November 08, 2016.

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By Pete Kolinski


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