Avnet Inc (NASDAQ:AVT) Stock Is Shorted Less

May 17, 2018 - By Vivian Park

Avnet, Inc. (NASDAQ:AVT) Logo

Investors sentiment increased to 1.16 in Q4 2017. Its up 0.17, from 0.99 in 2017Q3. It improved, as 29 investors sold Avnet, Inc. shares while 100 reduced holdings. 53 funds opened positions while 97 raised stakes. 110.65 million shares or 1.73% less from 112.60 million shares in 2017Q3 were reported.
Counselors Of Maryland Llc, Maryland-based fund reported 7,778 shares. Assetmark accumulated 395 shares. Cubist Systematic Strategies Limited Liability Company holds 0.22% in Avnet, Inc. (NASDAQ:AVT) or 104,817 shares. Boston Private Wealth Limited Com reported 0.03% in Avnet, Inc. (NASDAQ:AVT). 555,001 were accumulated by Maplelane Capital Ltd Co. Moreover, Engineers Gate Manager L P has 0.04% invested in Avnet, Inc. (NASDAQ:AVT). Century owns 207,796 shares. Stratos Wealth Prns Ltd holds 0% of its portfolio in Avnet, Inc. (NASDAQ:AVT) for 350 shares. Paragon Cap reported 5,774 shares stake. Visionary Asset Mgmt owns 8,161 shares or 0.09% of their US portfolio. Neuberger Berman Gp Lc accumulated 30,395 shares. Citadel Advisors Ltd Co reported 1.63 million shares stake. Blackrock, New York-based fund reported 11.65M shares. Bluecrest Cap Mgmt Limited accumulated 6,475 shares. Shine Invest Advisory Svcs has invested 0.01% of its portfolio in Avnet, Inc. (NASDAQ:AVT).

Since February 13, 2018, it had 0 buys, and 2 selling transactions for $661,716 activity. Summers Kevin V also sold $61,452 worth of Avnet, Inc. (NASDAQ:AVT) on Tuesday, February 13.

The stock of Avnet Inc (NASDAQ:AVT) registered a decrease of 24.51% in short interest. AVT’s total short interest was 4.26M shares in May as published by FINRA. Its down 24.51% from 5.64 million shares, reported previously. With 998,300 shares average volume, it will take short sellers 4 days to cover their AVT’s short positions. The short interest to Avnet Inc’s float is 3.55%.

The stock increased 0.62% or $0.24 during the last trading session, reaching $39.17. About 60,204 shares traded. Avnet, Inc. (NASDAQ:AVT) has declined 6.72% since May 17, 2017 and is downtrending. It has underperformed by 18.27% the S&P500.

Avnet, Inc., together with its subsidiaries, distributes electronic components worldwide. The company has market cap of $4.62 billion. The firm operates through two divisions, Electronic Components and Premier Farnell. It has a 10.7 P/E ratio. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.

More important recent Avnet, Inc. (NASDAQ:AVT) news were published by: Benzinga.com which released: “Goldman Presses Sell Button On Avnet On Incremental Risk To Semi Cycle” on May 16, 2018, also Benzinga.com published article titled: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018”, Businesswire.com published: “Avnet Showcases Connected Ecosystem at IoT World 2018” on May 14, 2018. More interesting news about Avnet, Inc. (NASDAQ:AVT) was released by: Streetinsider.com and their article: “Goldman Sachs Downgrades Avnet (AVT) to Sell” with publication date: May 16, 2018.

Avnet, Inc. (NASDAQ:AVT) Institutional Positions Chart

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 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: