Short Interest Worth Watching: Dts Incorporated (NASDAQ:DTSI) on Focus After Report of More Shorts

December 1, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Worth Watching: Dts Incorporated (NASDAQ:DTSI) on Focus After Report of More Shorts

The stock of Dts Incorporated (NASDAQ:DTSI) registered an increase of 7.16% in short interest. DTSI’s total short interest was 501,100 shares in December as published by FINRA. Its up 7.16% from 467,600 shares, reported previously. With 97,500 shares average volume, it will take short sellers 5 days to cover their DTSI’s short positions. The short interest to Dts Incorporated’s float is 3.24%. About 48,394 shares traded hands. DTS Inc. (NASDAQ:DTSI) has risen 90.66% since April 28, 2016 and is uptrending. It has outperformed by 84.73% the S&P500.

DTS, Inc. is an audio technology solutions well-known provider for high-definition entertainment experiences. The company has a market cap of $758.86 million. The Company’s audio solutions are designed to enable recording, delivery and playback of high-definition audio, and are included by licensee clients around the world into a range of consumer electronics devices, including televisions, personal computers , smartphones, tablets, digital media players (DMPs), set-top-boxes, soundbars, wireless speakers, video game consoles, Blu-ray Disc players, automotive audio systems, audio/video receivers (AVRs), digital versatile disc (DVD) products and home theater systems. It currently has negative earnings. In the wireless speakers market, the Company maintains a Play-Fi Certified original design maker (ODM) Program.

Insitutional Activity: The institutional sentiment increased to 1.55 in 2016 Q2. Its up 0.42, from 1.13 in 2016Q1. The ratio increased, as 10 funds sold all DTS Inc. shares owned while 30 reduced positions. 12 funds bought stakes while 33 increased positions. They now own 17.50 million shares or 0.78% more from 17.37 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement Sys reported 19,434 shares or 0% of all its holdings. Blackrock Advsr Limited Liability Com accumulated 0% or 8,567 shares. Teachers Advsrs reported 26,784 shares or 0% of all its holdings. Blackrock Fund Advisors accumulated 1.16 million shares or 0.01% of the stock. Springbok Capital Management Ltd Com holds 0% of its portfolio in DTS Inc. (NASDAQ:DTSI) for 922 shares. Moreover, Frontier Capital Management Ltd has 0.2% invested in DTS Inc. (NASDAQ:DTSI) for 937,553 shares. Amer Grp last reported 12,985 shares in the company. Smith Graham Invest Advsr L P last reported 0.84% of its portfolio in the stock. Vanguard Group has 0% invested in the company for 1.39 million shares. Redmond Asset Mngmt Limited Liability last reported 0.2% of its portfolio in the stock. Nationwide Fund Advsrs holds 0.01% of its portfolio in DTS Inc. (NASDAQ:DTSI) for 110,931 shares. Prudential accumulated 0% or 41,835 shares. Blackrock Group, a United Kingdom-based fund reported 25,288 shares. Moreover, Us Commercial Bank De has 0% invested in DTS Inc. (NASDAQ:DTSI) for 51 shares. Dimensional Fund Advsr Limited Partnership, a Texas-based fund reported 782,246 shares.

DTS Inc. (NASDAQ:DTSI) Ratings Coverage

Out of 7 analysts covering DTS (NASDAQ:DTSI), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. DTS has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. William Blair maintained the stock with “Outperform” rating in Sunday, September 6 report. JP Morgan maintained the stock with “Neutral” rating in Tuesday, August 9 report. On Tuesday, August 11 the stock rating was maintained by B. Riley & Co with “Buy”. B. Riley & Co downgraded DTS Inc. (NASDAQ:DTSI) on Wednesday, September 21 to “Neutral” rating. The firm has “Underweight” rating by JP Morgan given on Thursday, September 3. The firm has “Outperform” rating by Barrington Research given on Thursday, August 11. The firm has “Outperform” rating by Barrington Research given on Thursday, November 12. The firm earned “Outperform” rating on Thursday, September 10 by Barrington Research. The rating was downgraded by Vetr on Friday, September 4 to “Buy”. The stock of DTS Inc. (NASDAQ:DTSI) has “Neutral” rating given on Tuesday, September 20 by Dougherty & Company.

DTSI Company Profile

DTS, Inc., incorporated on October 1, 1997, is an audio technology solutions well-known provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording, delivery and playback of high-definition audio, and are included by licensee clients around the world into a range of consumer electronics devices, including televisions, personal computers (PCs), smartphones, tablets, digital media players (DMPs), set-top-boxes, soundbars, wireless speakers, video game consoles, Blu-ray Disc players, automotive audio systems, audio/video receivers (AVRs), digital versatile disc (DVD) products and home theater systems. In the wireless speakers market, the Company maintains a Play-Fi Certified original design maker (ODM) Program, which includes various audio manufacturers, such as Amtran Technology, Anam Electronics, Eastech Electronics Inc., Fenda Technology Co., Ltd., Hansong Technology, LiteOn Technology Corporation, Meiloon Industrial Co. Ltd., Solidex Audio Corporation, Tymphany Corporation, Wistron Corporation and Zylux Acoustic Corp. The Company’s market base includes Blu-ray, Home audio video (AV) and Automotive. The Blu-ray market includes standalone players, gaming devices and disc drives included in PCs. The Home AV market includes AVRs, soundbars, DVD players and other home theater equipment. The Company’s Automotive market consists of infotainment systems.

More recent DTS Inc. (NASDAQ:DTSI) news were published by: Prnewswire.com which released: “New 2017 Car Models To Integrate DTS® HD Radioâ„¢ Technology” on November 30, 2016. Also Prnewswire.com published the news titled: “Eric Cohen Joins DTS, Inc. Board Of Directors” on July 07, 2016. Streetinsider.com‘s news article titled: “DTS, Inc. (DTSI) Announces Acquisition of Arctic Palm Technology” with publication date: October 06, 2016 was also an interesting one.

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By Ellis Scott


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