Is Buying Calix Incorporated (NYSE:CALX), Having Higher Short Interest a Winning Strategy?

September 17, 2017 - By Stephen Andrade

 Is Buying Calix Incorporated (NYSE:CALX), Having Higher Short Interest a Winning Strategy?

Investors sentiment increased to 1.3 in 2016 Q4. Its up 0.38, from 0.92 in 2016Q3. It increased, as 2 investors sold Calix Inc shares while 35 reduced holdings. 17 funds opened positions while 31 raised stakes. 30.79 million shares or 1.21% less from 31.16 million shares in 2016Q3 were reported.
Panagora Asset accumulated 19,433 shares or 0% of the stock. National Bank Of America De stated it has 0% in Calix Inc (NYSE:CALX). Moreover, Horrell Cap has 2.58% invested in Calix Inc (NYSE:CALX). Boothbay Fund Mngmt Lc invested in 14,805 shares. The New York-based Spark Invest Mgmt Ltd Company has invested 0.14% in Calix Inc (NYSE:CALX). Schwab Charles Management Inc, a California-based fund reported 149,918 shares. Reilly Fin Advsrs Limited Liability Corp invested in 0.01% or 4,058 shares. Commonwealth Equity Serv Inc accumulated 31,150 shares. California Public Employees Retirement holds 122,900 shares. Blackrock Japan Co Ltd holds 0% of its portfolio in Calix Inc (NYSE:CALX) for 1,438 shares. Goldman Sachs Grp Inc Inc, a New York-based fund reported 21,810 shares. Virginia Retirement Et Al holds 0% or 14,000 shares. Deutsche Savings Bank Ag reported 26,687 shares. Whittier Com holds 100 shares. Wedge Capital L L P Nc holds 0.01% or 73,800 shares in its portfolio.

The stock of Calix Incorporated (NYSE:CALX) registered an increase of 39.66% in short interest. CALX’s total short interest was 1.16M shares in September as published by FINRA. Its up 39.66% from 828,000 shares, reported previously. With 270,700 shares average volume, it will take short sellers 4 days to cover their CALX’s short positions. The short interest to Calix Incorporated’s float is 2.9%.

The stock increased 1.02% or $0.05 on September 15, reaching $4.95. About 598,185 shares traded or 70.08% up from the average. Calix Inc (NYSE:CALX) has risen 5.89% since September 17, 2016 and is uptrending. It has underperformed by 10.81% the S&P500.

Calix, Inc. provides broadband communications access systems and software for fiber- and copper network architectures that enable communications service providers , to transform their networks and connect to their residential and business subscribers. The company has market cap of $249.02 million. The Firm enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks. It currently has negative earnings. It develops and sells carrier-class hardware and cloud products.

Calix Inc (NYSE:CALX) Ratings Coverage

Among 6 analysts covering Calix Inc. (NYSE:CALX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Calix Inc. had 12 analyst reports since September 30, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Wednesday, February 15 by Northland Capital. The stock of Calix Inc (NYSE:CALX) earned “Hold” rating by Cowen & Co on Wednesday, August 9. The company was upgraded on Friday, January 8 by Stifel Nicolaus. Jefferies maintained the shares of CALX in report on Monday, June 26 with “Hold” rating. The firm has “Buy” rating by Drexel Hamilton given on Friday, December 18. On Wednesday, September 30 the stock rating was initiated by Northland Capital with “Outperform”. The company was maintained on Monday, August 7 by Northland Capital. Craig Hallum upgraded Calix Inc (NYSE:CALX) on Wednesday, November 2 to “Buy” rating. The firm has “Hold” rating by Jefferies given on Friday, March 24. As per Tuesday, August 8, the company rating was maintained by Jefferies.

More notable recent Calix Inc (NYSE:CALX) news were published by: Globenewswire.com which released: “Calix Reinvents Connected Home Support and Experience Management with Calix …” on June 28, 2017, also Seekingalpha.com with their article: “Calix’ Q3 Results” published on August 19, 2017, Globenewswire.com published: “Calix Reports First Quarter 2017 Financial Results” on May 09, 2017. More interesting news about Calix Inc (NYSE:CALX) were released by: Globenewswire.com and their article: “Veteran Technology Executive Kira Makagon Joins Calix Board of Directors” published on July 20, 2017 as well as Globenewswire.com‘s news article titled: “Marketing Visionary Matt Collins Joins Calix as CMO” with publication date: July 18, 2017.

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