The stock of Arctic Cat Incorporated (NASDAQ:ACAT) registered an increase of 9.79% in short interest. ACAT’s total short interest was 2.20 million shares in September as published by FINRA. Its up 9.79% from 2.00 million shares, reported previously. With 106,200 shares average volume, it will take short sellers 21 days to cover their ACAT’s short positions. The short interest to Arctic Cat Incorporated’s float is 17.02%. About 53,742 shares traded hands. Arctic Cat Inc (NASDAQ:ACAT) has risen 3.21% since February 8, 2016 and is uptrending. It has underperformed by 13.28% the S&P500.
Arctic Cat Inc. designs, engineers, makes and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The company has a market cap of $179.66 million. The Firm offers its products under the Arctic Cat and MotorFist brand names. It currently has negative earnings. The Firm operates through two divisions: snowmobile and ATV/ROV, and PG&A.
The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.56, from 1.49 in 2016Q1. The ratio dived, as 16 funds sold all Arctic Cat Inc shares owned while 26 reduced positions. 5 funds bought stakes while 34 increased positions. They now own 12.49 million shares or 0.67% less from 12.57 million shares in 2016Q1.
Tieton Capital Management Llc holds 2.32% of its portfolio in Arctic Cat Inc for 140,340 shares. Venator Capital Management Ltd. owns 150,980 shares or 2.16% of their US portfolio. Moreover, Addison Clark Management L.L.C. has 2.15% invested in the company for 80,000 shares. The Connecticut-based Goodnow Investment Group Llc has invested 1.79% in the stock. Netols Asset Management Inc., a Wisconsin-based fund reported 399,105 shares.
Out of 5 analysts covering Arctic Cat (NASDAQ:ACAT), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. Arctic Cat has been the topic of 10 analyst reports since October 22, 2015 according to StockzIntelligence Inc. Wunderlich maintained the stock on May 12 with “Sell” rating.
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