Short Interest Watching: What’s Propelling Daktronics Incorporated (NASDAQ:DAKT) After Higher Shorts Reported?

December 1, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Watching: What’s Propelling Daktronics Incorporated (NASDAQ:DAKT) After Higher Shorts Reported?

The stock of Daktronics Incorporated (NASDAQ:DAKT) registered an increase of 0.92% in short interest. DAKT’s total short interest was 2.04 million shares in December as published by FINRA. Its up 0.92% from 2.02M shares, reported previously. With 126,300 shares average volume, it will take short sellers 16 days to cover their DAKT’s short positions. The short interest to Daktronics Incorporated’s float is 5.57%. The stock decreased 2.74% or $0.29 during the last trading session, hitting $10.29. Daktronics, Inc. (NASDAQ:DAKT) has risen 19.24% since April 28, 2016 and is uptrending. It has outperformed by 13.31% the S&P500.

Daktronics, Inc. is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The company has a market cap of $444.06 million. The Firm operates through five divisions: Commercial, Live Events, High School Park and Recreation, Transportation, and International. It has a 46.92 P/E ratio. The Firm offers a range of products, from small scoreboards and electronic displays to video display systems, as well as related control, timing and sound systems.

Insitutional Activity: The institutional sentiment increased to 2.05 in Q2 2016. Its up 0.99, from 1.06 in 2016Q1. The ratio increased, as 14 funds sold all Daktronics, Inc. shares owned while 37 reduced positions. 16 funds bought stakes while 38 increased positions. They now own 19.32 million shares or 15.25% less from 22.80 million shares in 2016Q1.
Manufacturers Life The has invested 0% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT). Ls Investment Ltd Liability Corp has 0% invested in the company for 1,311 shares. Renaissance Tech Limited Liability has 16,700 shares for 0% of their US portfolio. Cap Counsel has 0.13% invested in the company for 41,244 shares. First Manhattan Company holds 140 shares or 0% of its portfolio. Deutsche Retail Bank Ag has 76,877 shares for 0% of their US portfolio. Invesco has 216,396 shares for 0% of their US portfolio. Omers Administration last reported 0% of its portfolio in the stock. Moreover, Btc Management has 0.03% invested in Daktronics, Inc. (NASDAQ:DAKT) for 20,344 shares. Moreover, Swiss Bank & Trust has 0% invested in Daktronics, Inc. (NASDAQ:DAKT) for 57,600 shares. The New York-based New York State Teachers Retirement Sys has invested 0% in Daktronics, Inc. (NASDAQ:DAKT). Fdx Advisors holds 0% or 11,954 shares in its portfolio. Texas Permanent School Fund last reported 29,592 shares in the company. Next Financial Gru has invested 0.05% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT). Tiaa Cref Mngmt Ltd Limited Liability Company accumulated 0% or 111,493 shares.

Insider Transactions: Since June 28, 2016, the stock had 2 buys, and 1 insider sale for $34,765 net activity. McDermott Kevin Patrick bought $12,200 worth of stock. The insider Kurtenbach Matthew John sold $109,013. Kurtenbach Reece A also bought $62,048 worth of Daktronics, Inc. (NASDAQ:DAKT) on Tuesday, June 28.

DAKT Company Profile

Daktronics, Inc., incorporated on December 9, 1968, is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Firm operates through five divisions: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The Firm serves its clients by providing standard display products, as well as custom-designed and integrated systems. The Firm offers a range of products, from small scoreboards and electronic displays to video display systems, as well as related control, timing and sound systems. It designs, markets, makes, installs and services integrated systems displaying real-time data, graphics, animation and video.

More important recent Daktronics, Inc. (NASDAQ:DAKT) news were published by: Fool.com which released: “Daktronics, Inc. Stock Up 19% on Earnings: Here’s What You Need to Know” on August 23, 2016, also Fool.com published article titled: “Why Shares of Daktronics Inc. Tumbled Today”, Fool.com published: “Daktronics, Inc. Is Not a Stock for the Impatient” on November 24, 2015. More interesting news about Daktronics, Inc. (NASDAQ:DAKT) was released by: Globenewswire.com and their article: “Daktronics, Inc. Announces Second Quarter Fiscal 2017 Results” with publication date: November 22, 2016.

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By Nellie Frank


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