What’s Next for Craft Brew Alliance Incorporated (NASDAQ:BREW) After Having Less Shares Shorted?

June 19, 2017 - By Louis Casey

 What's Next for Craft Brew Alliance Incorporated (NASDAQ:BREW) After Having Less Shares Shorted?

Investors sentiment decreased to 1.25 in 2016 Q4. Its down 1.02, from 2.27 in 2016Q3. It worsened, as 11 investors sold Craft Brew Alliance Inc shares while 21 reduced holdings. 14 funds opened positions while 26 raised stakes. 5.74 million shares or 14.35% more from 5.02 million shares in 2016Q3 were reported.
Eam Limited Liability reported 0.23% stake. Chilton Inv Com Lc stated it has 0.07% in Craft Brew Alliance Inc (NASDAQ:BREW). Citadel Advisors Lc stated it has 30,887 shares or 0% of all its holdings. Raymond James Finance Advisors stated it has 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). The New York-based Renaissance Tech Limited Liability has invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). Blackrock Institutional Tru Na holds 95,500 shares or 0% of its portfolio. Morgan Stanley has invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). Credit Suisse Ag stated it has 33,713 shares. American Intll Group Inc holds 7,268 shares or 0% of its portfolio. Manufacturers Life Insurance Co The invested 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Royal Commercial Bank Of Canada holds 0% or 841 shares. State Bank Of America Corp De accumulated 5,856 shares or 0% of the stock. Tradewinds Management Limited Liability has invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). California Employees Retirement Sys holds 0% in Craft Brew Alliance Inc (NASDAQ:BREW) or 39,190 shares. Thompson Davis & holds 250 shares.

Since March 21, 2017, it had 1 insider buy, and 0 sales for $47,495 activity. Glick John William bought $47,495 worth of stock.

The stock of Craft Brew Alliance Incorporated (NASDAQ:BREW) registered a decrease of 1.19% in short interest. BREW’s total short interest was 1.51 million shares in June as published by FINRA. Its down 1.19% from 1.53M shares, reported previously. With 220,300 shares average volume, it will take short sellers 7 days to cover their BREW’s short positions. The short interest to Craft Brew Alliance Incorporated’s float is 15.96%.

About 6,299 shares traded. Craft Brew Alliance Inc (NASDAQ:BREW) has risen 110.98% since June 19, 2016 and is uptrending. It has outperformed by 94.28% the S&P500.

Craft Brew Alliance, Inc. is a craft brewing firm that is engaged in brewing, branding and bringing to market American craft beers. The company has market cap of $316.94 million. The Firm operates through two divisions: Beer Related operations, which include the brewing activities and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers. It has a 292.47 P/E ratio. The Company’s portfolio of brands includes the Kona Brewing Company, Widmer Brothers Brewing, Redhook Brewery, Omission Beer and Square Mile Cider Company brand families, along with partner brands Appalachian Mountain Brewery, Cisco Brewers and Resignation Brewery.

Craft Brew Alliance Inc (NASDAQ:BREW) Ratings Coverage

Among 4 analysts covering Craft Brew Alliance (NASDAQ:BREW), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Craft Brew Alliance had 8 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained Craft Brew Alliance Inc (NASDAQ:BREW) rating on Friday, August 7. Citigroup has “Neutral” rating and $10 target. The rating was maintained by Citigroup on Friday, September 2 with “Neutral”. The stock of Craft Brew Alliance Inc (NASDAQ:BREW) has “Neutral” rating given on Friday, August 5 by Citigroup. TH Capital maintained Craft Brew Alliance Inc (NASDAQ:BREW) on Thursday, August 6 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, June 15 by Citigroup. The rating was upgraded by Sidoti on Thursday, August 4 to “Buy”.

More notable recent Craft Brew Alliance Inc (NASDAQ:BREW) news were published by: Seekingalpha.com which released: “Craft Brew Alliance: Staying Long After Q1 Improvements” on May 09, 2017, also Seekingalpha.com with their article: “Craft Brew Alliance: Look Elsewhere” published on December 23, 2016, Fool.com published: “Why Craft Brew Alliance, Inc. Stock Jumped 22.8% in May” on June 09, 2017. More interesting news about Craft Brew Alliance Inc (NASDAQ:BREW) were released by: Streetinsider.com and their article: “Craft Brewers Alliance (BREW) Appoints Jackie Woodward to Board” published on June 09, 2017 as well as Seekingalpha.com‘s news article titled: “Craft Brew Alliance: At $12, The Assets Outweigh The Profits” with publication date: April 25, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.