Oclaro Inc (NASDAQ:OCLR) Has Decline in Shorts

May 13, 2018 - By Hazel Jackson

Oclaro, Inc. (NASDAQ:OCLR) Logo

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.27, from 1.28 in 2017Q3. It fall, as 44 investors sold Oclaro, Inc. shares while 68 reduced holdings. 36 funds opened positions while 77 raised stakes. 110.17 million shares or 4.65% less from 115.55 million shares in 2017Q3 were reported.
Meeder Asset Mgmt holds 922 shares. Fmr Limited Liability stated it has 171,930 shares or 0% of all its holdings. Mckinley Cap Management Llc Delaware has 0.13% invested in Oclaro, Inc. (NASDAQ:OCLR) for 372,400 shares. John G Ullman Assocs Incorporated reported 32,600 shares or 0.04% of all its holdings. Paradigm Mngmt invested in 2.12 million shares or 1.22% of the stock. Oakworth Capital invested in 695 shares. Rhumbline Advisers stated it has 0.01% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). Citadel Advisors Limited Liability Co reported 1.62 million shares stake. Envestnet Asset Mgmt reported 5,412 shares. Moreover, Alphaone Invest Ltd Liability Co has 0% invested in Oclaro, Inc. (NASDAQ:OCLR) for 2,300 shares. Springowl Associate Limited Com invested in 105,000 shares or 0.46% of the stock. State Of Wisconsin Inv Board holds 254,600 shares. Piedmont Invest Advsrs Limited Liability Company stated it has 34,692 shares. State Street Corp stated it has 4.21 million shares or 0% of all its holdings. 30,000 were reported by Waratah Advsr Limited.

The stock of Oclaro Inc (NASDAQ:OCLR) registered a decrease of 39.8% in short interest. OCLR’s total short interest was 9.24 million shares in May as published by FINRA. Its down 39.8% from 15.35 million shares, reported previously. With 5.43M shares average volume, it will take short sellers 2 days to cover their OCLR’s short positions. The short interest to Oclaro Inc’s float is 5.6%.

The stock decreased 0.12% or $0.01 during the last trading session, reaching $8.57. About 1.67M shares traded. Oclaro, Inc. (NASDAQ:OCLR) has declined 2.03% since May 13, 2017 and is downtrending. It has underperformed by 13.58% the S&P500.

Oclaro, Inc. designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. The company has market cap of $1.46 billion. The companyÂ’s products generate, detect, combine, and separate light signals in optical communications networks. It has a 10.59 P/E ratio. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications.

Oclaro, Inc. (NASDAQ:OCLR) Ratings Coverage

Among 15 analysts covering Oclaro (NASDAQ:OCLR), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 33% are positive. Oclaro had 25 analyst reports since December 18, 2017 according to SRatingsIntel. UBS initiated Oclaro, Inc. (NASDAQ:OCLR) rating on Wednesday, January 31. UBS has “Sell” rating and $5.5 target. Loop Capital Markets downgraded Oclaro, Inc. (NASDAQ:OCLR) on Monday, March 12 to “Hold” rating. The rating was upgraded by KeyBanc Capital Markets on Monday, December 18 to “Buy”. The firm has “Buy” rating given on Monday, March 19 by Northland Capital. The firm earned “Buy” rating on Tuesday, February 6 by FBR Capital. The rating was upgraded by UBS on Wednesday, March 14 to “Neutral”. B. Riley & Co downgraded the shares of OCLR in report on Tuesday, March 13 to “Neutral” rating. Cowen & Co maintained the shares of OCLR in report on Tuesday, February 6 with “Buy” rating. The rating was downgraded by Needham on Monday, December 18 to “Hold”. Piper Jaffray downgraded the stock to “Hold” rating in Monday, March 12 report.

More recent Oclaro, Inc. (NASDAQ:OCLR) news were published by: Streetinsider.com which released: “Oclaro (OCLR) PT Lowered to $10 at MKM Partners on Lumentum Take-Out Price; ‘Solid 3Q18 Results'” on May 08, 2018. Also Digitaljournal.com published the news titled: “NASDAQ:OCLR Shareholder Alert: Investigation of Oclaro, Inc. over Possible Violations of Securities Laws” on May 04, 2018. Seekingalpha.com‘s news article titled: “At standstill, ZTE says errors led to settlement shortfall” with publication date: May 12, 2018 was also an interesting one.

Oclaro, Inc. (NASDAQ:OCLR) Institutional Positions Chart

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