Craft Brew Alliance Incorporated (NASDAQ:BREW)’s Trend Up, Especially After Decreased Shorts

September 17, 2017 - By Migdalia James

 Craft Brew Alliance Incorporated (NASDAQ:BREW)’s Trend Up, Especially After Decreased Shorts

Investors sentiment decreased to 1.25 in Q4 2016. Its down 1.02, from 2.27 in 2016Q3. It dived, 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.
Delta Asset Mgmt Ltd Company Tn accumulated 0.04% or 12,500 shares. Susquehanna Intl Grp Inc Limited Liability Partnership holds 167,217 shares. Tradewinds Mgmt Ltd Co reported 240 shares. The California-based California State Teachers Retirement Systems has invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). Kennedy Cap Mgmt has 99,151 shares for 0.03% of their portfolio. Systematic Financial Mngmt Ltd Partnership stated it has 0.04% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Jefferies Limited Com holds 49,466 shares or 0% of its portfolio. Allianz Asset Mgmt Ag has 0% invested in Craft Brew Alliance Inc (NASDAQ:BREW). First Manhattan holds 0% or 43,732 shares in its portfolio. Raymond James Fincl Advsrs owns 19,247 shares. Royal Bancorp Of Canada invested in 841 shares or 0% of the stock. Dimensional Fund L P invested 0.01% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Manatuck Hill Limited Liability Company owns 72,000 shares or 0.6% of their US portfolio. Barclays Public Ltd Liability Com has 3,800 shares for 0% of their portfolio. Cornerstone Cap Mgmt Holdings Ltd Llc holds 0% or 28,900 shares in its portfolio.

The stock of Craft Brew Alliance Incorporated (NASDAQ:BREW) registered a decrease of 6.75% in short interest. BREW’s total short interest was 1.14 million shares in September as published by FINRA. Its down 6.75% from 1.22M shares, reported previously. With 111,900 shares average volume, it will take short sellers 10 days to cover their BREW’s short positions. The short interest to Craft Brew Alliance Incorporated’s float is 12.03%.

It closed at $17.3 lastly. It is down 110.98% since September 17, 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 $333.30 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 604.26 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 5 analysts covering Craft Brew Alliance (NASDAQ:BREW), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Craft Brew Alliance had 11 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, July 13 the stock rating was maintained by Cowen & Co with “Buy”. Citigroup maintained the shares of BREW in report on Friday, September 2 with “Neutral” rating. On Thursday, August 4 the stock rating was upgraded by Sidoti to “Buy”. The company was maintained on Tuesday, September 12 by Cowen & Co. The rating was maintained by Cowen & Co on Thursday, August 3 with “Buy”. TH Capital maintained Craft Brew Alliance Inc (NASDAQ:BREW) on Thursday, August 6 with “Buy” rating. Citigroup maintained the shares of BREW in report on Friday, August 5 with “Neutral” rating. The stock of Craft Brew Alliance Inc (NASDAQ:BREW) has “Neutral” rating given on Friday, August 7 by Citigroup. Citigroup maintained Craft Brew Alliance Inc (NASDAQ:BREW) on Wednesday, June 15 with “Neutral” rating.

More notable recent Craft Brew Alliance Inc (NASDAQ:BREW) news were published by: Seekingalpha.com which released: “Craft Brew Alliance: At $12, The Assets Outweigh The Profits” on April 25, 2017, also Fool.com with their article: “Why Craft Brew Alliance Inc. Stock Is Surging Today” published on May 04, 2017, Seekingalpha.com published: “Craft Brew Alliance: Grim Outlook Once Again” on March 26, 2017. More interesting news about Craft Brew Alliance Inc (NASDAQ:BREW) were released by: Reuters.com and their article: “BRIEF-Craft Brew Alliance Q2 earnings per share $0.09” published on August 02, 2017 as well as Seekingalpha.com‘s news article titled: “Craft Brew Alliance’s (BREW) CEO Andy Thomas on Q2 2017 Results – Earnings …” with publication date: August 04, 2017.

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