What’s Ahead for Brocade Communications Systems N (NASDAQ:BRCD) After More Shorted Shares?

September 17, 2017 - By Adrian Erickson

 What’s Ahead for Brocade Communications Systems N (NASDAQ:BRCD) After More Shorted Shares?

Investors sentiment decreased to 0.62 in 2016 Q4. Its down 0.10, from 0.72 in 2016Q3. It fall, as 81 investors sold Brocade Communications Systems, Inc. shares while 124 reduced holdings. 64 funds opened positions while 63 raised stakes. 322.41 million shares or 1.89% less from 328.64 million shares in 2016Q3 were reported.
Commonwealth Of Pennsylvania School Empls Retrmt Sys invested in 0.24% or 1.04 million shares. Stifel Corporation reported 0% stake. Calvert Management has invested 0.01% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Kcg owns 0% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 12,501 shares. Moreover, Pnc Fincl Grp Inc Inc has 0% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 10,362 shares. Washington Natl Bank invested 0% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Cambridge Invest has 0.01% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 28,446 shares. Morgan Stanley reported 7.35M shares. Hanson Mcclain owns 6,000 shares. Cubist Systematic Strategies Ltd Co accumulated 8,261 shares. Capital Fund Mngmt Sa has 0% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 27,333 shares. Teacher Retirement System Of Texas accumulated 0% or 32,025 shares. Dupont Capital Management owns 249,582 shares for 0.07% of their portfolio. Harber Asset Management Limited Com owns 246,493 shares. D E Shaw And Com has 0.01% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 705,794 shares.

Since March 22, 2017, it had 0 insider purchases, and 4 insider sales for $16.59 million activity. ODONNELL ELLEN sold $98,731 worth of stock or 7,811 shares. CARNEY LLOYD had sold 1.05M shares worth $13.11M on Wednesday, March 22.

The stock of Brocade Communications Systems N (NASDAQ:BRCD) registered an increase of 30.21% in short interest. BRCD’s total short interest was 39.90 million shares in September as published by FINRA. Its up 30.21% from 30.64 million shares, reported previously. With 6.68 million shares average volume, it will take short sellers 6 days to cover their BRCD’s short positions. The short interest to Brocade Communications Systems N’s float is 9.85%.

The stock increased 0.49% or $0.06 on September 15, reaching $12.23. About 11.42M shares traded or 47.93% up from the average. Brocade Communications Systems, Inc. (NASDAQ:BRCD) has risen 58.47% since September 17, 2016 and is uptrending. It has outperformed by 41.77% the S&P500.

Brocade Communications Systems, Inc

Brocade Communications Systems, Inc. (NASDAQ:BRCD) Ratings Coverage

Among 20 analysts covering Brocade Communications Systems Inc. (NASDAQ:BRCD), 3 have Buy rating, 2 Sell and 15 Hold. Therefore 15% are positive. Brocade Communications Systems Inc. had 56 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Brocade Communications Systems, Inc. (NASDAQ:BRCD) has “Sell” rating given on Friday, August 26 by UBS. JP Morgan downgraded the shares of BRCD in report on Tuesday, November 24 to “Neutral” rating. Citigroup maintained Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Thursday, September 22 with “Neutral” rating. The stock has “Neutral” rating by Raymond James on Wednesday, November 2. As per Thursday, April 7, the company rating was upgraded by Argus Research. RBC Capital Markets maintained the shares of BRCD in report on Monday, July 17 with “Hold” rating. Robert W. Baird maintained Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Friday, August 25 with “Hold” rating. On Tuesday, August 15 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was maintained by Goldman Sachs on Friday, May 20 with “Neutral”. The rating was maintained by RBC Capital Markets with “Hold” on Friday, June 9.

More news for Brocade Communications Systems, Inc. (NASDAQ:BRCD) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: TFS Financial, Ladder Capital and Brocade Communications …” on September 06, 2017. Nasdaq.com‘s article titled: “Brocade Communications Systems Inc Reports 25% Drop In Q3 Earnings” and published on August 24, 2017 is yet another important article.

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