Time to Reconsider Numerex Corporation Class A (NASDAQ:NMRX) After More Short Sellers?

July 18, 2017 - By test

 Time to Reconsider Numerex Corporation Class A (NASDAQ:NMRX) After More Short Sellers?

Investors sentiment decreased to 1.92 in 2016 Q4. Its down 2.88, from 4.8 in 2016Q3. It dropped, as 1 investors sold Numerex Corp. shares while 11 reduced holdings. 6 funds opened positions while 17 raised stakes. 3.41 million shares or 46.01% less from 6.33 million shares in 2016Q3 were reported.
Geode Capital Ltd Com has invested 0% in Numerex Corp. (NASDAQ:NMRX). Bridgeway Mngmt stated it has 52,908 shares. Nationwide Fund holds 0% of its portfolio in Numerex Corp. (NASDAQ:NMRX) for 8,045 shares. California Public Employees Retirement Systems invested in 37,000 shares or 0% of the stock. Merriman Wealth Limited Company has invested 0.08% in Numerex Corp. (NASDAQ:NMRX). Blackrock Incorporated, New York-based fund reported 1,719 shares. Dimensional Fund Lp invested in 302,066 shares or 0% of the stock. Tiaa Cref Investment Mgmt Lc has 0% invested in Numerex Corp. (NASDAQ:NMRX). The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0% in Numerex Corp. (NASDAQ:NMRX). Renaissance Tech Limited Liability Co accumulated 0% or 259,800 shares. Royal State Bank Of Canada stated it has 0% of its portfolio in Numerex Corp. (NASDAQ:NMRX). California State Teachers Retirement Systems holds 28,506 shares. Peak6 Invs Ltd Partnership invested in 7,894 shares or 0% of the stock. Westwood Mgmt Corp Il, Illinois-based fund reported 213,000 shares. Deutsche State Bank Ag accumulated 0% or 8,382 shares.

The stock of Numerex Corporation Class A (NASDAQ:NMRX) registered an increase of 14.21% in short interest. NMRX’s total short interest was 705,600 shares in July as published by FINRA. Its up 14.21% from 617,800 shares, reported previously. With 19,500 shares average volume, it will take short sellers 36 days to cover their NMRX’s short positions. The short interest to Numerex Corporation Class A’s float is 6.46%.

The stock increased 1.24% or $0.05 during the last trading session, reaching $4.09. About shares traded. Numerex Corp. (NASDAQ:NMRX) has declined 44.90% since July 18, 2016 and is downtrending. It has underperformed by 61.60% the S&P500.

Numerex Corp. is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things . The company has market cap of $75.61 million. The Firm offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. It currently has negative earnings. The Company’s technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users.

Numerex Corp. (NASDAQ:NMRX) Ratings Coverage

Among 4 analysts covering Numerex Corp (NASDAQ:NMRX), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Numerex Corp had 8 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Sidoti on Thursday, November 5 to “Neutral”. B. Riley & Co initiated the stock with “Buy” rating in Friday, April 15 report. The firm earned “Equal-Weight” rating on Thursday, January 12 by First Analysis. The firm earned “Equal-Weight” rating on Friday, March 17 by First Analysis. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, March 15 report. Canaccord Genuity downgraded Numerex Corp. (NASDAQ:NMRX) on Tuesday, May 10 to “Hold” rating. The stock has “Hold” rating by Zacks on Friday, August 7.

More notable recent Numerex Corp. (NASDAQ:NMRX) news were published by: Globenewswire.com which released: “Numerex Partners with Sensile Technologies for iTank Solution” on October 05, 2016, also Globenewswire.com with their article: “Numerex Announces Expansive Tank Monitoring Deal with PetroChoice Lubrication …” published on June 20, 2017, Globenewswire.com published: “Numerex Reports Fourth Quarter and Full Year 2016 Financial Results” on March 16, 2017. More interesting news about Numerex Corp. (NASDAQ:NMRX) were released by: Globenewswire.com and their article: “Uplink, a Numerex Solution, Releases 4555 Fire Alarm Communicator” published on September 13, 2016 as well as Nasdaq.com‘s news article titled: “Numerex Corp (NMRX) Worth a Look: Stock Moves 10.2% Higher” with publication date: June 23, 2017.

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