Is Buying Sierra Wireless Incorporated (NASDAQ:SWIR), Having Higher Short Interest a Winning Strategy?

September 17, 2017 - By Darrin Black

 Is Buying Sierra Wireless Incorporated (NASDAQ:SWIR), Having Higher Short Interest a Winning Strategy?

The stock of Sierra Wireless Incorporated (NASDAQ:SWIR) registered an increase of 16.87% in short interest. SWIR’s total short interest was 915,100 shares in September as published by FINRA. Its up 16.87% from 783,000 shares, reported previously. With 324,500 shares average volume, it will take short sellers 3 days to cover their SWIR’s short positions. The short interest to Sierra Wireless Incorporated’s float is 2.96%.

The stock increased 1.84% or $0.4 on September 15, reaching $22.15. About 360,020 shares traded. Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) has risen 42.10% since September 17, 2016 and is uptrending. It has outperformed by 25.40% the S&P500.

Sierra Wireless, Inc. is engaged in building the Internet of Things with wireless solutions for organizations. The company has market cap of $712.92 million. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. It has a 36.02 P/E ratio. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) Ratings Coverage

Among 11 analysts covering Sierra Wireless (NASDAQ:SWIR), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. Sierra Wireless had 34 analyst reports since August 7, 2015 according to SRatingsIntel. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, August 2 report. The stock of Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) earned “Hold” rating by TD Securities on Tuesday, May 30. RBC Capital Markets maintained Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) rating on Friday, August 7. RBC Capital Markets has “Sector Perform” rating and $32 target. The firm earned “Sector Perform” rating on Friday, August 7 by Scotia Capital. The company was upgraded on Tuesday, January 19 by Northland. The stock of Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) has “Sector Perform” rating given on Friday, November 6 by RBC Capital Markets. The firm has “Market Perform” rating given on Friday, November 6 by Northland Capital. The rating was downgraded by Raymond James on Monday, March 27 to “Market Perform”. The firm earned “Sector Underperform” rating on Friday, August 5 by IBC. Canaccord Genuity maintained the stock with “Buy” rating in Friday, August 7 report.

More notable recent Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) news were published by: Fool.ca which released: “Should You Buy Sierra Wireless, Inc. on the Dip?” on August 18, 2017, also Fool.ca with their article: “Sierra Wireless, Inc. Soars Over 11% in a Day: Should You Jump in?” published on June 09, 2017, Fool.com published: “Sierra Wireless, Inc. (USA) Revels in the Growth of the Internet of Things” on April 21, 2016. More interesting news about Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) were released by: Fool.com and their article: “How fast is Sierra Wireless growing?” published on August 15, 2016 as well as Fool.ca‘s news article titled: “Sierra Wireless, Inc. Share Price Jumped 2% Friday and Should Continue to Soar” with publication date: July 10, 2017.

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