Neff Corporation (NYSE:NEFF) Could Improve Your Long Portfolio After Less Shorts Reported

July 18, 2017 - By Marie Mckinney

 Neff Corporation (NYSE:NEFF) Could Improve Your Long Portfolio After Less Shorts Reported

The stock of Neff Corporation (NYSE:NEFF) registered a decrease of 34.15% in short interest. NEFF’s total short interest was 121,300 shares in July as published by FINRA. Its down 34.15% from 184,200 shares, reported previously. With 44,000 shares average volume, it will take short sellers 3 days to cover their NEFF’s short positions.

The stock increased 0.24% or $0.05 on July 17, reaching $20.9. About shares traded. Neff Corp (NYSE:NEFF) has risen 84.44% since July 18, 2016 and is uptrending. It has outperformed by 67.74% the S&P500.

Neff Corporation is an equipment rental company. The company has market cap of $500.12 million. The Firm offers an array of equipment rental solutions for its customer base, including infrastructure, non-residential construction, gas and oil, and residential construction customers. It has a 15.85 P/E ratio. The Company’s fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.

Neff Corp (NYSE:NEFF) Ratings Coverage

Among 3 analysts covering Neff Corp (NYSE:NEFF), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Neff Corp has $21 highest and $2000 lowest target. $20.50’s average target is -1.91% below currents $20.9 stock price. Neff Corp had 7 analyst reports since February 24, 2016 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, March 15 by Bank of America. On Tuesday, November 29 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Neutral” rating by Bank of America given on Wednesday, February 24. Jefferies maintained it with “Hold” rating and $2000 target in Friday, July 14 report. The stock of Neff Corp (NYSE:NEFF) has “Hold” rating given on Tuesday, June 13 by Jefferies. The firm earned “Underperform” rating on Monday, March 14 by Bank of America.

More important recent Neff Corp (NYSE:NEFF) news were published by: which released: “Baton Rouge’s H&E Equipment buys Miami-based Neff Corp. in $1.2 billion deal” on July 14, 2017, also published article titled: “Neff Corporation’s Stock Could Be Trampled By Controlling Shareholder’s Exit”, published: “Should Value Investors Pick Neff Corp (NEFF) Stock Now?” on June 30, 2017. More interesting news about Neff Corp (NYSE:NEFF) was released by: and their article: “Dechert Guides H&E Equipment In $1.2B Deal For Neff” with publication date: July 14, 2017.

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