Neogen Corporation (NASDAQ:NEOG) Shorted Shares Increased By 1.47%

July 18, 2017 - By Migdalia James

 Neogen Corporation (NASDAQ:NEOG) Shorted Shares Increased By 1.47%

Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.02, from 0.86 in 2016Q3. It fall, as 15 investors sold Neogen Corporation shares while 81 reduced holdings. 31 funds opened positions while 50 raised stakes. 32.08 million shares or 0.64% more from 31.88 million shares in 2016Q3 were reported.
Louisiana State Employees Retirement invested in 0.05% or 15,200 shares. Moreover, Envestnet Asset Management has 0.02% invested in Neogen Corporation (NASDAQ:NEOG). Jpmorgan Chase & Com accumulated 49,548 shares or 0% of the stock. The Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in Neogen Corporation (NASDAQ:NEOG). Congress Asset Mgmt Communication Ma owns 8,179 shares or 0.01% of their US portfolio. Gabelli Funds Ltd holds 0.01% or 19,853 shares. Gemmer Asset Mngmt Lc holds 54 shares. Bessemer Grp, a New Jersey-based fund reported 19,777 shares. Sheets Smith Wealth has 0.08% invested in Neogen Corporation (NASDAQ:NEOG) for 4,245 shares. Boston Family Office Ltd stated it has 0.28% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Mutual Of America Cap Lc reported 0.06% in Neogen Corporation (NASDAQ:NEOG). Ls Invest Advsr Lc invested in 0.19% or 41,782 shares. State Board Of Administration Of Florida Retirement Systems owns 28,700 shares. Clean Yield Grp Inc reported 0.15% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Plante Moran Advsrs Llc holds 0.3% or 7,339 shares in its portfolio.

Since April 6, 2017, it had 0 insider purchases, and 5 sales for $5.42 million activity. BRADLEY EDWARD sold $306,659 worth of stock or 5,000 shares.

The stock of Neogen Corporation (NASDAQ:NEOG) registered an increase of 1.47% in short interest. NEOG’s total short interest was 950,900 shares in July as published by FINRA. Its up 1.47% from 937,100 shares, reported previously. With 86,800 shares average volume, it will take short sellers 11 days to cover their NEOG’s short positions. The short interest to Neogen Corporation’s float is 2.59%.

The stock increased 0.21% or $0.14 during the last trading session, reaching $68.39. About shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 27.20% since July 18, 2016 and is uptrending. It has outperformed by 10.50% the S&P500.

Neogen Corporation develops, manufactures and markets a range of services and products dedicated to food and animal safety. The company has market cap of $2.61 billion. The Firm operates through two divisions: Food Safety and Animal Safety. It has a 63.31 P/E ratio. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.

Neogen Corporation (NASDAQ:NEOG) Ratings Coverage

Among 3 analysts covering Neogen (NASDAQ:NEOG), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Neogen had 4 analyst reports since August 26, 2015 according to SRatingsIntel. On Wednesday, August 26 the stock rating was downgraded by Zacks to “Buy”. The stock of Neogen Corporation (NASDAQ:NEOG) has “Hold” rating given on Tuesday, September 22 by Zacks. The company was downgraded on Tuesday, December 22 by Craig Hallum.

More notable recent Neogen Corporation (NASDAQ:NEOG) news were published by: Prnewswire.com which released: “Neogen expands food safety genomic testing” on June 19, 2017, also Prnewswire.com with their article: “Neogen launches revolutionary new mycotoxin tests” published on January 31, 2017, Prnewswire.com published: “Neogen names new CEO” on July 17, 2017. More interesting news about Neogen Corporation (NASDAQ:NEOG) were released by: Seekingalpha.com and their article: “Neogen Corporation’s (NEOG) CEO Jim Herbert on Q3 2017 Results – Earnings Call …” published on March 21, 2017 as well as Prnewswire.com‘s news article titled: “Neogen develops fastest Listeria test with no enrichment” with publication date: July 10, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: