Calamp Corporation (NASDAQ:CAMP) Stock Is Shorted Less

September 17, 2017 - By Stephen Andrade

 Calamp Corporation (NASDAQ:CAMP) Stock Is Shorted Less

Investors sentiment increased to 1.67 in 2016 Q4. Its up 0.58, from 1.09 in 2016Q3. It is positive, as 17 investors sold CalAmp Corp. shares while 28 reduced holdings. 21 funds opened positions while 54 raised stakes. 24.60 million shares or 6.55% more from 23.09 million shares in 2016Q3 were reported.
First Republic Mngmt holds 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP) for 17,400 shares. 32,510 are owned by National Bank Of America Corp De. Millennium Mgmt Limited stated it has 448,912 shares. State Of Tennessee Treasury Department reported 28,778 shares. Geode Cap accumulated 265,262 shares or 0% of the stock. Walleye Trading Ltd Limited Liability Company has 24,687 shares for 0% of their portfolio. Comerica Commercial Bank holds 0% in CalAmp Corp. (NASDAQ:CAMP) or 38,607 shares. Aristotle Cap Boston Ltd Limited Liability Company accumulated 368,319 shares. Jefferies Gru Ltd holds 342,441 shares. Royal State Bank Of Canada has 168,210 shares for 0% of their portfolio. Rice Hall James And Associate Ltd holds 0.3% in CalAmp Corp. (NASDAQ:CAMP) or 406,304 shares. 12,000 are held by Menora Mivtachim Limited. Blackrock owns 0% invested in CalAmp Corp. (NASDAQ:CAMP) for 2,558 shares. Nomura Hldgs reported 0.01% stake. 14,936 were reported by Envestnet Asset Mgmt Incorporated.

Since May 15, 2017, it had 0 insider buys, and 3 selling transactions for $852,400 activity. Sarkissian Garo Sarkis had sold 15,000 shares worth $282,400.

The stock of Calamp Corporation (NASDAQ:CAMP) registered a decrease of 6.32% in short interest. CAMP’s total short interest was 1.99 million shares in September as published by FINRA. Its down 6.32% from 2.12M shares, reported previously. With 184,100 shares average volume, it will take short sellers 11 days to cover their CAMP’s short positions. The short interest to Calamp Corporation’s float is 5.82%.

The stock increased 0.36% or $0.07 on September 15, reaching $19.36. About 420,936 shares traded or 85.86% up from the average. CalAmp Corp. (NASDAQ:CAMP) has risen 30.70% since September 17, 2016 and is uptrending. It has outperformed by 14.00% the S&P500.

CalAmp Corp. is a provider of wireless communications solutions for a range of applications to clients globally. The company has market cap of $685.28 million. The Firm operates through two business divisions: Wireless DataCom and Satellite. It currently has negative earnings. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage

Among 11 analysts covering CalAmp (NASDAQ:CAMP), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. CalAmp had 18 analyst reports since December 7, 2015 according to SRatingsIntel. Canaccord Genuity maintained CalAmp Corp. (NASDAQ:CAMP) on Wednesday, December 23 with “Buy” rating. The stock of CalAmp Corp. (NASDAQ:CAMP) has “Neutral” rating given on Tuesday, March 22 by Sidoti. William Blair downgraded the shares of CAMP in report on Wednesday, April 20 to “Market Perform” rating. The firm has “Equal-Weight” rating by First Analysis given on Friday, September 30. The rating was maintained by Northland Capital with “Outperform” on Tuesday, March 22. As per Wednesday, June 29, the company rating was maintained by Craig Hallum. Sidoti upgraded CalAmp Corp. (NASDAQ:CAMP) on Monday, May 9 to “Buy” rating. The rating was maintained by First Analysis with “Overweight” on Monday, August 15. Craig Hallum maintained CalAmp Corp. (NASDAQ:CAMP) on Wednesday, June 28 with “Buy” rating. The firm has “Hold” rating by Aegis Capital given on Monday, October 3.

More notable recent CalAmp Corp. (NASDAQ:CAMP) news were published by: Fool.com which released: “5 Things CalAmp Corp. Management Wants You to Know” on January 17, 2017, also Fool.com with their article: “What Sierra Wireless does” published on June 22, 2017, Fool.com published: “Better Buy: CalAmp Corp. vs. NVIDIA” on August 27, 2017. More interesting news about CalAmp Corp. (NASDAQ:CAMP) were released by: Fool.com and their article: “Why CalAmp Corp. Shares Popped Today” published on April 19, 2017 as well as Fool.com‘s news article titled: “Why CalAmp Corp. Shareholders Have Nothing to Worry About” with publication date: May 31, 2017.

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