Stock Worth Mentioning: Will Exa Corp Short Squeeze Soon?

Stock Worth Mentioning: Will Exa Corp Short Squeeze Soon?

The stock of Exa Corp (NASDAQ:EXA) is a huge mover today! About 202,744 shares traded hands or 170.15% up from the average. Exa Corp (NASDAQ:EXA) has risen 51.96% since March 3, 2016 and is uptrending. It has outperformed by 43.62% the S&P500.
The move comes after 5 months negative chart setup for the $223.03 million company. It was reported on Oct, 6 by Barchart.com. We have $13.41 PT which if reached, will make NASDAQ:EXA worth $22.30 million less.

Exa Corp (NASDAQ:EXA) Ratings Coverage

Out of 2 analysts covering Exa (NASDAQ:EXA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Exa has been the topic of 3 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity on Tuesday, August 30 with “Buy”. The rating was maintained by Canaccord Genuity on Wednesday, September 2 with “Buy”. Needham maintained the shares of EXA in a report on Tuesday, August 30 with “Buy” rating.

According to Zacks Investment Research, “Exa Corporation develops, markets, sells, and supports software products, and provides professional services for simulation-driven design. The Company offers PowerFLOW(R) simulation engine, automatic fluid grid generation engine, mesh preparation, advanced simulation analysis, and rapid design geometry modification products. The company’s software suite includes PowerDELTA, PowerCASE, PowerCLAY, PowerTHERM, PowerCOOL, PowerINSIGHT, PowerVIZ and PowerACOUSTICS. Its products are used in various applications, including aerodynamics, thermal management, aeroacoustics, climate control, and powertrain. . Exa Corporation is headquartered in Burlington, Massachusetts.”

Insitutional Activity: The institutional sentiment decreased to 2 in Q2 2016. Its down 0.14, from 2.14 in 2016Q1. The ratio turned negative, as 9 funds sold all Exa Corp shares owned while 12 reduced positions. 26 funds bought stakes while 16 increased positions. They now own 11.17 million shares or 5.56% more from 10.58 million shares in 2016Q1.
Blackrock Japan Communications Ltd accumulated 1,956 shares or 0% of the stock. Moreover, Fuller And Thaler Asset Management has 0% invested in Exa Corp (NASDAQ:EXA) for 500 shares. Tiaa Cref Inv Llc last reported 0% of its portfolio in the stock. State Of New Jersey Common Pension Fund D holds 0.02% of its portfolio in Exa Corp (NASDAQ:EXA) for 320,000 shares. Fincl Bank Of New York Mellon Corporation accumulated 0% or 40,264 shares. Jacobs Levy Equity reported 26,884 shares or 0.01% of all its holdings. Glenmede Co Na holds 0% of its portfolio in Exa Corp (NASDAQ:EXA) for 1,875 shares. Federated Pa last reported 135 shares in the company. Arrowpoint Asset Mgmt Ltd Liability Corporation, a Colorado-based fund reported 611,447 shares. Acadian Asset Management Llc accumulated 4,697 shares or 0% of the stock. Allianz Asset Ag holds 0% or 25,871 shares in its portfolio. New York State Common Retirement Fund reported 14,300 shares or 0% of all its holdings. Manufacturers Life Insurance The has 10,669 shares for 0% of their US portfolio. Soros Fund Ltd Liability Com has 1.43M shares for 0.44% of their US portfolio. Legal & General Group Public Limited Co holds 2,072 shares or 0% of its portfolio.

Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 7 selling transactions for $373,825 net activity. 10,000 shares were sold by Remondi Stephen A., worth $130,718. SHIELDS JOHN J sold $16,032 worth of Exa Corp (NASDAQ:EXA) on Monday, October 3.

More important recent Exa Corp (NASDAQ:EXA) news were published by: Bostonglobe.com which released: “Exa Corp. shares jump as investor urges company’s sale” on September 25, 2014, also Seekingalpha.com published article titled: “Exa Corp: A Hidden Gem With Insider And Hedge Fund Buys (EXA)”, Seekingalpha.com published: “Exa Corp., Growth Will Drive Past Expectations” on January 26, 2015. More interesting news about Exa Corp (NASDAQ:EXA) was released by: Reuters.com and their article: “Exa Corp prices IPO below expected range-underwriter” with publication date: June 27, 2012.

EXA Company Profile

Exa Corporation, incorporated on March 18, 1998, develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Firm focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers. The Company’s product, PowerFLOW, is a software solution for simulating fluid flow problems, including aerodynamics, thermal management and aeroacoustics, or wind noise. PowerFLOW uses its Digital Physics technology that enables it to predict fluid flows. PowerFLOW directly simulates unpredictable turbulent scales. The PowerFLOW software suite includes the simulation engine and grid generation engine, along with pre- and post-processing software products. The software is delivered in client/server architecture, or through its cloud offering, ExaCLOUD. With the ExaCLOUD solution, various client features and functions are accessed through a Web browser, and all of the computational intensive processes are run in its hosted computing environment.

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