Short Interest Worth Mentioning Today: Descartes Systems Group Incorporated (NASDAQ:DSGX) Reports Decline in Sellers; Strong Momentum for Longs

December 1, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Worth Mentioning Today: Descartes Systems Group Incorporated (NASDAQ:DSGX) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Descartes Systems Group Incorporated (NASDAQ:DSGX) registered a decrease of 6.98% in short interest. DSGX’s total short interest was 187,800 shares in December as published by FINRA. Its down 6.98% from 201,900 shares, reported previously. With 14,600 shares average volume, it will take short sellers 13 days to cover their DSGX’s short positions. The short interest to Descartes Systems Group Incorporated’s float is 0.25%. About 27,659 shares traded hands. Descartes Systems Group Inc (USA) (NASDAQ:DSGX) has risen 18.13% since April 28, 2016 and is uptrending. It has outperformed by 12.21% the S&P500.

The Descartes Systems Group Inc. is a global well-known provider of federated network and global logistics technology solutions that help its clients make and receive shipments and manage related resources. The company has a market cap of $1.64 billion. The Company’s network solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations. It has a 74.29 P/E ratio.

Descartes Systems Group Inc (USA) (NASDAQ:DSGX) Ratings Coverage

Out of 6 analysts covering Descartes Systems Group (NASDAQ:DSGX), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Descartes Systems Group has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Friday, September 11 with “Outperform”. Barclays Capital maintained the shares of DSGX in a report on Friday, September 9 with “Overweight” rating. On Wednesday, October 19 the stock rating was upgraded by IBC to “Sector Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, September 9. The rating was maintained by Barclays Capital with “Overweight” on Friday, May 27. RBC Capital Markets maintained it with “Outperform” rating and $22 target price in Friday, December 4 report. Barclays Capital maintained the shares of DSGX in a report on Friday, December 4 with “Overweight” rating. The rating was maintained by Canaccord Genuity with “Buy” on Friday, September 11. Barclays Capital maintained Descartes Systems Group Inc (USA) (NASDAQ:DSGX) rating on Friday, September 11. Barclays Capital has “Overweight” rating and $20 price target. On Monday, November 30 the stock rating was maintained by RBC Capital Markets with “Outperform”.

DSGX Company Profile

The Descartes Systems Group Inc. (Descartes), incorporated on February 1, 2012, is a global well-known provider of federated network and global logistics technology solutions that help its clients make and receive shipments and manage related resources. The Company’s network solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations. The Company’s pricing model allows its clients to purchase its solutions either on a perpetual license, subscription or transactional basis.

Another recent and important Descartes Systems Group Inc (USA) (NASDAQ:DSGX) news was published by Business.Financialpost.com which published an article titled: “Descartes Systems Group Inc upgraded as big acquisition may be coming” on October 19, 2016.

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By Adrian Mccoy


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