Today’s Stock On Watch: Digitalglobe Incorporated (NYSE:DGI) Reports Increase in Sellers; Strong Momentum for Short Players

December 1, 2016 - By Dolores Ford   ·   0 Comments

Today's Stock On Watch: Digitalglobe Incorporated (NYSE:DGI) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Digitalglobe Incorporated (NYSE:DGI) registered an increase of 1.37% in short interest. DGI’s total short interest was 6.12M shares in December as published by FINRA. Its up 1.37% from 6.04 million shares, reported previously. With 348,000 shares average volume, it will take short sellers 18 days to cover their DGI’s short positions. The short interest to Digitalglobe Incorporated’s float is 9.84%. The stock last traded at $32.15 per share. It is down 49.47% since April 28, 2016 and is uptrending. It has outperformed by 43.54% the S&P500.

DigitalGlobe, Inc. is a provider of high-resolution Earth-imagery services and products. The company has a market cap of $1.99 billion. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, gas and oil exploration, infrastructure management, Internet portals and navigation technology. It has a 51.5 P/E ratio. It operates through collecting, processing and distributing imagery services and products to clients around the world segment.

Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.08, from 0.97 in 2016Q1. The ratio increased, as 19 funds sold all DigitalGlobe Inc shares owned while 59 reduced positions. 36 funds bought stakes while 40 increased positions. They now own 62.14 million shares or 0.99% more from 61.53 million shares in 2016Q1.
Nationwide Fund Advsr has invested 0.01% of its portfolio in DigitalGlobe Inc (NYSE:DGI). Wedge Mgmt L Ltd Partnership Nc last reported 0% of its portfolio in the stock. Essex Inv Management Co Limited Liability Co has 12,336 shares for 0.04% of their US portfolio. Mackenzie Financial owns 106,867 shares or 0.01% of their US portfolio. Blackrock Invest Mngmt Ltd Com, a New Jersey-based fund reported 260,188 shares. Price T Rowe Md last reported 0.05% of its portfolio in the stock. Gamco Inc Et Al holds 0.01% or 61,750 shares in its portfolio. Parametrica Mgmt reported 14,776 shares or 0.47% of all its holdings. Blackrock Fund has 0.01% invested in the company for 1.96 million shares. Pacad Investment Limited has 5,100 shares for 0.02% of their US portfolio. Moreover, Deutsche Retail Bank Ag has 0.01% invested in DigitalGlobe Inc (NYSE:DGI) for 601,921 shares. Rockefeller Finance Service holds 0.17% of its portfolio in DigitalGlobe Inc (NYSE:DGI) for 400,202 shares. Bogle Invest L P De last reported 284,917 shares in the company. Diam Com Limited owns 29,281 shares or 0.01% of their US portfolio. White Pine Ltd Com last reported 59,529 shares in the company.

Insider Transactions: Since November 14, 2016, the stock had 0 insider purchases, and 1 sale for $400,140 net activity. Scott Walter S. also sold $400,140 worth of DigitalGlobe Inc (NYSE:DGI) on Monday, November 14.

DigitalGlobe Inc (NYSE:DGI) Ratings Coverage

Out of 6 analysts covering DigitalGlobe (NYSE:DGI), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. DigitalGlobe has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Chardan Capital Markets downgraded DigitalGlobe Inc (NYSE:DGI) on Friday, February 26 to “Neutral” rating. The firm has “Buy” rating given on Friday, July 29 by Dougherty & Company. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, May 17. The firm has “Buy” rating by Zacks given on Tuesday, August 11. As per Wednesday, September 23, the company rating was maintained by Benchmark. The firm has “Buy” rating given on Monday, November 14 by Dougherty & Company. The rating was downgraded by Raymond James to “Market Perform” on Friday, October 30. The rating was maintained by Benchmark with “Hold” on Wednesday, October 26. The stock of DigitalGlobe Inc (NYSE:DGI) earned “Neutral” rating by JP Morgan on Thursday, September 24.

DGI Company Profile

DigitalGlobe, Inc., incorporated on August 21, 1995, is a well-known provider of high-resolution Earth-imagery services and products. The Company’s imagery solutions support a range of users in defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, gas and oil exploration, infrastructure management, Internet portals and navigation technology. The Firm operates through collecting, processing and distributing imagery services and products to clients around the world segment. The Firm sells its services and products through a combination of direct and indirect channels, consisting of a global network of resellers, strategic partners, direct enterprise sales and Web services to its United States Government and Diversified Commercial customer groups. The Firm offers Earth-imagery products consisting of imagery from its constellation of high-resolution satellites and provides geospatial services and products in which it combines its Earth imagery, analytic expertise and technology to deliver integrated solutions. The Firm processes its imagery to varying levels according to its customers’ specifications and delivers its products using the distribution method. Customers can purchase images that are archived in its ImageLibrary, place custom orders to task its satellites for a specific area of interest, or as a bundle of imaging and data for a region or type of location, such as cities, ports, harbors or airports.

More important recent DigitalGlobe Inc (NYSE:DGI) news were published by: Fool.com which released: “Why DigitalGlobe Inc Stock Went Up 15% on Friday” on August 01, 2016, also Fool.com published article titled: “Why DigitalGlobe, Inc. Stock Skyrocketed Today”, Marketwired.com published: “The Radiant Group, Inc., Announces Acquisition by DigitalGlobe, Inc.” on October 12, 2016. More interesting news about DigitalGlobe Inc (NYSE:DGI) was released by: Streetinsider.com and their article: “Digitalglobe, Inc. (DGI) Completes $140M Radiant Group Acquisition” with publication date: November 16, 2016.

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By Dolores Ford


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