Short Interest Worth Watching: Is Evolving Systems New (NASDAQ:EVOL) a Buy? The Stock Reported Less Sellers

January 11, 2017 - By Linda Rogers   ·   0 Comments

Short Interest Worth Watching: Is Evolving Systems New (NASDAQ:EVOL) a Buy? The Stock Reported Less Sellers

The stock of Evolving Systems New (NASDAQ:EVOL) registered a decrease of 63.24% in short interest. EVOL’s total short interest was 9,300 shares in January as published by FINRA. Its down 63.24% from 25,300 shares, reported previously. With 31,300 shares average volume, it will take short sellers 0 days to cover their EVOL’s short positions. The short interest to Evolving Systems New’s float is 0.11%. About 27,260 shares traded hands. Evolving Systems Inc (NASDAQ:EVOL) has declined 15.19% since June 7, 2016 and is downtrending. It has underperformed by 22.61% the S&P500.

Evolving Systems, Inc. is a provider of software solutions for service enablement, on-device activation and management of services for connected devices for network operators. The company has a market cap of $52.29 million. The Firm operates in two divisions: license fees and services revenue, and customer support revenue. It has a 16.04 P/E ratio. The Company’s service activation solution, Tertio is used to activate voice, video and data services for wireless, wireline and cable network operators.

Insitutional Activity: The institutional sentiment increased to 3.4 in 2016 Q3. Its up 1.52, from 1.88 in 2016Q2. The ratio improved, as 2 funds sold all Evolving Systems Inc shares owned while 3 reduced positions. 6 funds bought stakes while 11 increased positions. They now own 6.01 million shares or 102.31% more from 2.97 million shares in 2016Q2.
Manufacturers Life Insur The last reported 197 shares in the company. Zpr Invest Management has 624,389 shares for 7.8% of their US portfolio. Kennedy Cap Mngmt accumulated 21,447 shares or 0% of the stock. Renaissance Technologies Lc owns 462,899 shares or 0% of their US portfolio. Vanguard Group Inc last reported 401,679 shares in the company. Geode Capital Limited Co, a Massachusetts-based fund reported 39,807 shares. Millennium Limited Liability Com last reported 0% of its portfolio in the stock. Deutsche Savings Bank Ag accumulated 0% or 15,574 shares. Moreover, Rbf Cap Limited Liability Corp has 0.02% invested in Evolving Systems Inc (NASDAQ:EVOL) for 24,496 shares. Perritt Mngmt holds 143,133 shares or 0.16% of its portfolio. California Employees Retirement Systems accumulated 27,237 shares or 0% of the stock. Tower Limited Liability Corporation (Trc) has 0% invested in the company for 1,177 shares. Jpmorgan Chase reported 27,109 shares or 0% of all its holdings. Blackrock Institutional Tru Co Na has 0% invested in the company for 347,983 shares. Dimensional Fund Advsrs L P has invested 0% of its portfolio in Evolving Systems Inc (NASDAQ:EVOL).

Insider Transactions: Since August 10, 2016, the stock had 8 buys, and 0 sales for $735,640 net activity. 54,580 shares were bought by SINGER JULIAN D., worth $215,591 on Tuesday, August 30. Another trade for 30,000 shares valued at $120,000 was made by OROS DAVID S on Monday, August 29. THEKKETHALA THOMAS had bought 30,000 shares worth $120,000 on Monday, August 29.

Evolving Systems Inc (NASDAQ:EVOL) Ratings Coverage

Out of 3 analysts covering Evolving Systems (NASDAQ:EVOL), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Evolving Systems has been the topic of 5 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Evolving Systems Inc (NASDAQ:EVOL) has “Neutral” rating given on Monday, September 14 by DA Davidson. The rating was downgraded by DA Davidson to “Neutral” on Wednesday, August 5. The rating was maintained by Maxim Group on Wednesday, August 5 with “Buy”. The firm earned “Hold” rating on Thursday, September 3 by TheStreet. Maxim Group maintained it with “Buy” rating and $12 target price in Thursday, July 23 report.

EVOL Company Profile

Evolving Systems, Inc., incorporated on January 10, 1996, is a well-known provider of software solutions for service enablement, on-device activation and management of services for connected devices for network operators around the world. The Firm is involved in developing, deploying, integrating and maintaining software solutions. The Company’s software solutions support traditional and next generation network technologies, convergent service offerings, and advanced wireless and other broadband networks. The Firm operates in two divisions based on revenue type: license fees and services revenue, and customer support revenue. The Firm offers software products and solutions in approximately five areas, including Mobile Analytics, Engagement and Advertising; Service activation solutions; Subscriber Identity Module (SIM) card activation and management solutions; Connected device solutions, and Number inventory and management solutions.

More notable recent Evolving Systems Inc (NASDAQ:EVOL) news were published by: Streetinsider.com which released: “Evolving Systems (EVOL) Acquires Sixth Sense Media for $10M” on September 30, 2015, also Seekingalpha.com with their article: “Evolving Systems’ Evolution Creates Opportunity” published on December 15, 2015, Equitiesfocus.com published: “Evolving Systems, Inc. (NASDAQ:EVOL) 50-day MA At $4.00” on December 24, 2016. More interesting news about Evolving Systems Inc (NASDAQ:EVOL) were released by: Marketwired.com and their article: “Evolving Systems Reports Second Quarter 2016 Financial Results” published on August 02, 2016 as well as Marketwired.com‘s news article titled: “Evolving Systems Acquires Telespree Communications, Gaining Cloud-Based …” with publication date: October 25, 2013.

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By Linda Rogers

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