Could Ceva Inc (NASDAQ:CEVA) Go Down After Its Newest Short Interest Report?

February 24, 2018 - By Maria Brooks

 Could Ceva Inc (NASDAQ:CEVA) Go Down After Its Newest Short Interest Report?

Investors sentiment increased to 1.91 in 2017 Q3. Its up 0.77, from 1.14 in 2017Q2. It increased, as 11 investors sold CEVA, Inc. shares while 34 reduced holdings. 27 funds opened positions while 59 raised stakes. 18.23 million shares or 1.36% less from 18.49 million shares in 2017Q2 were reported.
Aperio Grp Limited Liability stated it has 0% in CEVA, Inc. (NASDAQ:CEVA). Moreover, State Teachers Retirement System has 0.01% invested in CEVA, Inc. (NASDAQ:CEVA). Pennsylvania-based Sei Invs Comm has invested 0% in CEVA, Inc. (NASDAQ:CEVA). Psagot Invest House Limited has 0% invested in CEVA, Inc. (NASDAQ:CEVA) for 1,458 shares. Kingdom Ridge Capital Limited Liability Company has invested 0.14% in CEVA, Inc. (NASDAQ:CEVA). Royal Bankshares Of Canada invested 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Legal & General Grp Public Limited Co holds 39,918 shares or 0% of its portfolio. Whittier Trust Comm Of Nevada Incorporated reported 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Van Eck has 0% invested in CEVA, Inc. (NASDAQ:CEVA). Bank Of America De has invested 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Putnam Invs Limited Liability Corp invested in 0% or 33,067 shares. Rhumbline Advisers reported 43,083 shares stake. Pnc Fincl Group Incorporated reported 0% stake. 25,542 are owned by Wells Fargo & Mn. 193,198 were accumulated by Baillie Gifford.

The stock of Ceva Inc (NASDAQ:CEVA) registered a decrease of 25.67% in short interest. CEVA’s total short interest was 286,100 shares in February as published by FINRA. Its down 25.67% from 384,900 shares, reported previously. With 274,300 shares average volume, it will take short sellers 1 days to cover their CEVA’s short positions. The short interest to Ceva Inc’s float is 1.32%.

The stock increased 2.91% or $1.05 during the last trading session, reaching $37.1. About 107,233 shares traded. CEVA, Inc. (NASDAQ:CEVA) has risen 66.60% since February 24, 2017 and is uptrending. It has outperformed by 49.90% the S&P500.

CEVA, Inc. licenses signal processing intellectual property technologies to semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company has market cap of $815.27 million. The firm licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for vision, imaging, and audio and voice, as well as long and short range wireless technologies, Wi-Fi, Bluetooth IPs, Serial ATA, and Serial Attached SCSI. It has a 49.47 P/E ratio. The Company’s technologies are licensed to semiconductor and OEM companies in the form of IP, which is used for the design, manufacture, market, and sale of application-specific integrated circuits and application-specific standard products to wireless, consumer electronics, and automotive companies for incorporation into a variety of end products.

CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage

Among 10 analysts covering Ceva (NASDAQ:CEVA), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Ceva had 29 analyst reports since July 31, 2015 according to SRatingsIntel. Roth Capital maintained the stock with “Buy” rating in Monday, July 31 report. On Tuesday, November 3 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Buy” rating given on Monday, January 11 by Ladenburg Thalmann. On Tuesday, November 3 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by Oppenheimer on Friday, August 4 with “Buy”. The company was maintained on Monday, November 2 by Topeka Capital Markets. Wunderlich upgraded it to “Buy” rating and $28 target in Wednesday, December 16 report. The rating was maintained by Canaccord Genuity on Friday, July 31 with “Buy”. The company was initiated on Thursday, October 15 by Ladenburg Thalmann. Topeka Capital Markets maintained the shares of CEVA in report on Monday, May 2 with “Buy” rating.

More recent CEVA, Inc. (NASDAQ:CEVA) news were published by: which released: “CEVA, Keysight Technologies Demonstrate PentaGâ„¢ 5G NR IP Platform for …” on February 23, 2018. Also published the news titled: “CEVA Announces Industry’s First 802.11ax Wi-Fi IPs” on February 20, 2018.‘s news article titled: “CEVA and mPerpetuo Partner to Deliver Halide Support for CEVA Vision Processors” with publication date: February 23, 2018 was also an interesting one.

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