Axt Incorporated (NASDAQ:AXTI)’s Trend Up, Especially After Decreased Shorts

December 7, 2017 - By Henry Gaston

 Axt Incorporated (NASDAQ:AXTI)’s Trend Up, Especially After Decreased Shorts

Investors sentiment decreased to 1.49 in 2017 Q2. Its down 0.41, from 1.9 in 2017Q1. It is negative, as 18 investors sold AXT, Inc. shares while 21 reduced holdings. 32 funds opened positions while 26 raised stakes. 23.77 million shares or 16.44% more from 20.41 million shares in 2017Q1 were reported.
Tiaa Cref Mgmt Ltd Liability has 0% invested in AXT, Inc. (NASDAQ:AXTI). Hancock holds 0.01% of its portfolio in AXT, Inc. (NASDAQ:AXTI) for 31,065 shares. Tci Wealth Advisors, Arizona-based fund reported 115 shares. 642,318 are held by Ariel Invs Ltd Liability Corporation. Clarivest Asset Limited Liability Company reported 0.02% of its portfolio in AXT, Inc. (NASDAQ:AXTI). Driehaus Cap Limited Liability Corporation holds 688,869 shares or 0.16% of its portfolio. State Board Of Administration Of Florida Retirement Systems owns 23,133 shares for 0% of their portfolio. The Texas-based Eagle Global Advsr Ltd Com has invested 0.01% in AXT, Inc. (NASDAQ:AXTI). Highbridge Mgmt owns 62,862 shares. Pacific Ridge Cap Ltd Co accumulated 726,094 shares or 1.35% of the stock. Illinois-based Perritt Cap Mgmt Inc has invested 1.19% in AXT, Inc. (NASDAQ:AXTI). Granite Point Capital Management Limited Partnership stated it has 0.07% in AXT, Inc. (NASDAQ:AXTI). Metropolitan Life Insur Ny has invested 0% in AXT, Inc. (NASDAQ:AXTI). Mckinley Cap Management Limited Liability Company Delaware has invested 0.07% in AXT, Inc. (NASDAQ:AXTI). Bnp Paribas Arbitrage has invested 0% in AXT, Inc. (NASDAQ:AXTI).

The stock of Axt Incorporated (NASDAQ:AXTI) registered a decrease of 20.25% in short interest. AXTI’s total short interest was 1.49 million shares in December as published by FINRA. Its down 20.25% from 1.87M shares, reported previously. With 368,600 shares average volume, it will take short sellers 4 days to cover their AXTI’s short positions. The short interest to Axt Incorporated’s float is 4.75%.

The stock increased 1.18% or $0.1 during the last trading session, reaching $8.55. About 475,395 shares traded or 2.79% up from the average. AXT, Inc. (NASDAQ:AXTI) has risen 115.17% since December 7, 2016 and is uptrending. It has outperformed by 98.47% the S&P500.

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company has market cap of $328.09 million. The firm makes its semiconductor substrates using its proprietary vertical gradient freeze technology. It has a 34.48 P/E ratio. It offers semi-insulating gallium with arsenic substrates, which are used for applications in power amplifiers for wireless devices, and transistors and solar cells for drones.

AXT, Inc. (NASDAQ:AXTI) Ratings Coverage

Among 7 analysts covering AXT Inc (NASDAQ:AXTI), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. AXT Inc had 14 analyst reports since December 9, 2015 according to SRatingsIntel. Needham maintained AXT, Inc. (NASDAQ:AXTI) on Thursday, October 27 with “Buy” rating. Northland Capital maintained AXT, Inc. (NASDAQ:AXTI) rating on Thursday, October 26. Northland Capital has “Buy” rating and $11.0 target. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Neutral” rating by B. Riley & Co on Friday, March 17. The firm has “Buy” rating by Needham given on Thursday, October 26. Northland Capital maintained it with “Buy” rating and $11.0 target in Wednesday, September 6 report. The rating was upgraded by B. Riley & Co to “Buy” on Wednesday, December 9. On Thursday, October 26 the stock rating was maintained by B. Riley & Co with “Neutral”. On Friday, June 16 the stock rating was maintained by Dougherty with “Buy”. Needham maintained it with “Buy” rating and $8.50 target in Thursday, February 23 report. The rating was initiated by Dougherty & Company on Monday, February 13 with “Buy”.

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