What Next for Northrop Grumman Corporation (NYSE:NOC) Stock After Increase in Shorted Shares?

July 18, 2017 - By Winifred Garcia

 What Next for Northrop Grumman Corporation (NYSE:NOC) Stock After Increase in Shorted Shares?

Investors sentiment increased to 1.07 in 2016 Q4. Its up 0.08, from 0.99 in 2016Q3. It increased, as 38 investors sold Northrop Grumman Corporation shares while 274 reduced holdings. 104 funds opened positions while 231 raised stakes. 139.83 million shares or 0.78% less from 140.94 million shares in 2016Q3 were reported.
Pioneer Mngmt, a Massachusetts-based fund reported 34,328 shares. Mcf Advisors Lc reported 0% in Northrop Grumman Corporation (NYSE:NOC). Mirae Asset Glob holds 0.02% in Northrop Grumman Corporation (NYSE:NOC) or 3,700 shares. Piedmont Investment Advsr Limited Liability accumulated 35,044 shares. 141,100 were reported by Employees Retirement Systems Of Texas. Sfe Counsel holds 0.23% or 2,569 shares in its portfolio. Riverpoint Capital Mgmt Ltd Liability Com accumulated 2,580 shares. Parkside State Bank And has invested 0.01% in Northrop Grumman Corporation (NYSE:NOC). New Mexico Educational Retirement Board has invested 0.21% in Northrop Grumman Corporation (NYSE:NOC). Legg Mason Asset Mngmt (Japan) Ltd has 6,000 shares for 1.6% of their portfolio. Hutchin Hill Capital L P has invested 0.06% in Northrop Grumman Corporation (NYSE:NOC). The Germany-based Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.2% in Northrop Grumman Corporation (NYSE:NOC). Brown Brothers Harriman & reported 606 shares stake. Pinnacle Partners accumulated 0.06% or 1,135 shares. Palisade Mngmt Limited Co Nj accumulated 0.05% or 6,025 shares.

Since February 1, 2017, it had 0 insider buys, and 21 sales for $35.89 million activity. 3,158 shares were sold by FLACH GLORIA A, worth $764,520. Shares for $2.54 million were sold by Perry David T on Thursday, February 23. $59,688 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Jones Christopher T. 207 shares were sold by Antkowiak Patrick M., worth $50,117 on Thursday, February 23. BUSH WESLEY G also sold $8.19M worth of Northrop Grumman Corporation (NYSE:NOC) shares. Shares for $79,654 were sold by Hardesty Michael A on Thursday, February 23. DAVIS LISA R had sold 591 shares worth $147,750.

The stock of Northrop Grumman Corporation (NYSE:NOC) registered an increase of 9.23% in short interest. NOC’s total short interest was 1.72M shares in July as published by FINRA. Its up 9.23% from 1.58M shares, reported previously. With 687,800 shares average volume, it will take short sellers 3 days to cover their NOC’s short positions. The short interest to Northrop Grumman Corporation’s float is 1.07%.

The stock decreased 0.00% or $0.01 on July 17, reaching $264.81. About shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 18.39% since July 18, 2016 and is uptrending. It has outperformed by 1.69% the S&P500.

Northrop Grumman Corporation is a global security company. The company has market cap of $46.23 billion. The Firm provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance ; strike, and logistics and modernization. It has a 20.7 P/E ratio. The Company’s divisions include Aerospace Systems, Mission Systems and Technology Services.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Among 13 analysts covering Northrop Grumman (NYSE:NOC), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Northrop Grumman had 31 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Sector Perform” rating by RBC Capital Markets on Thursday, May 19. Jefferies maintained the stock with “Hold” rating in Wednesday, June 21 report. The stock has “Equal-Weight” rating by Barclays Capital on Monday, May 2. The stock has “Neutral” rating by JP Morgan on Monday, October 12. The company was maintained on Thursday, November 12 by Argus Research. As per Tuesday, February 16, the company rating was maintained by Barclays Capital. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Buy” rating by RBC Capital Markets on Friday, June 2. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Peer Perform” rating by Wolfe Research on Thursday, October 29. The stock has “Hold” rating by Cowen & Co on Monday, July 17. Jefferies downgraded the shares of NOC in report on Thursday, January 12 to “Hold” rating.

More news for Northrop Grumman Corporation (NYSE:NOC) were recently published by: Globenewswire.com, which released: “Invitation to Northrop Grumman’s Second Quarter 2017 Financial Results …” on July 11, 2017. Prnewswire.com‘s article titled: “UTC Aerospace Systems And Northrop Grumman To Collaborate On Technologies Of …” and published on June 19, 2017 is yet another important article.

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