Could Nelnet Class A (NYSE:NNI) Go Up After Its Newest Short Interest Report?

July 18, 2017 - By Adrian Erickson

 Could Nelnet Class A (NYSE:NNI) Go Up After Its Newest Short Interest Report?

Investors sentiment decreased to 1.15 in Q4 2016. Its down 0.02, from 1.17 in 2016Q3. It dived, as 6 investors sold Nelnet, Inc. shares while 42 reduced holdings. 17 funds opened positions while 38 raised stakes. 16.80 million shares or 0.68% less from 16.92 million shares in 2016Q3 were reported.
Nationwide Fund Advisors invested 0.01% of its portfolio in Nelnet, Inc. (NYSE:NNI). Lsv Asset invested in 0.09% or 954,936 shares. Parkside Retail Bank owns 1,318 shares for 0.03% of their portfolio. Thompson Siegel And Walmsley Limited Com has invested 0.17% in Nelnet, Inc. (NYSE:NNI). State Bank Of Mellon invested 0% of its portfolio in Nelnet, Inc. (NYSE:NNI). Rhumbline Advisers accumulated 34,947 shares. American Grp Inc stated it has 11,630 shares or 0% of all its holdings. Shell Asset Management Communications holds 0.07% or 49,897 shares in its portfolio. Brandywine Global Invest Limited Liability Com invested 0.04% of its portfolio in Nelnet, Inc. (NYSE:NNI). Tower Rech Ltd Company (Trc) reported 0% in Nelnet, Inc. (NYSE:NNI). Federated Investors Pa invested in 0.01% or 43,055 shares. Royal Commercial Bank Of Canada has invested 0% of its portfolio in Nelnet, Inc. (NYSE:NNI). Capital Fund Mgmt Sa reported 0% in Nelnet, Inc. (NYSE:NNI). National Bank & Trust Of America De has 0% invested in Nelnet, Inc. (NYSE:NNI) for 12,522 shares. Sterling Mgmt Ltd Liability Corporation invested in 19,051 shares or 0.01% of the stock.

Since March 21, 2017, it had 0 buys, and 2 insider sales for $90,090 activity. Munn William J had sold 2 shares worth $90 on Tuesday, March 21. The insider MUHLEISEN ANGIE sold 2,000 shares worth $90,000.

The stock of Nelnet Class A (NYSE:NNI) registered an increase of 2.78% in short interest. NNI’s total short interest was 328,500 shares in July as published by FINRA. Its up 2.78% from 319,600 shares, reported previously. With 94,600 shares average volume, it will take short sellers 4 days to cover their NNI’s short positions. The short interest to Nelnet Class A’s float is 1.61%.

The stock increased 1.00% or $0.49 on July 17, reaching $49.29. About shares traded. Nelnet, Inc. (NYSE:NNI) has risen 13.42% since July 18, 2016 and is uptrending. It has underperformed by 3.28% the S&P500.

Nelnet, Inc. focuses on delivering education-related services and products and student loan asset management. The company has market cap of $2.10 billion. The Firm is engaged in student loan servicing, tuition payment processing and school information systems, and communications. It has a 8.16 P/E ratio. The Company’s divisions include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities.

Nelnet, Inc. (NYSE:NNI) Ratings Coverage

Among 2 analysts covering Nelnet (NYSE:NNI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Nelnet had 6 analyst reports since August 7, 2015 according to SRatingsIntel. Compass Point maintained the shares of NNI in report on Friday, August 7 with “Buy” rating. The company was maintained on Friday, August 7 by Credit Suisse. The stock has “Buy” rating by Compass Point on Monday, November 9. The stock of Nelnet, Inc. (NYSE:NNI) earned “Neutral” rating by Credit Suisse on Monday, November 14.

More notable recent Nelnet, Inc. (NYSE:NNI) news were published by: Prnewswire.com which released: “Nelnet Reports First Quarter 2017 Results” on May 08, 2017, also Omaha.com with their article: “Nelnet acquires PaymentSpring, will re-launch service following acquisition” published on January 10, 2017, Seekingalpha.com published: “Nelnet: Student Loan Play” on June 12, 2017. More interesting news about Nelnet, Inc. (NYSE:NNI) were released by: Prnewswire.com and their article: “Nelnet, Inc. Announces Results to Date of Cash Tender Offer and Consent …” published on February 06, 2017 as well as Prnewswire.com‘s news article titled: “Nelnet, Inc. Announces Cash Tender Offer and Consent Solicitation for 7.400 …” with publication date: January 23, 2017.

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