A Reversal for Itron Incorporated (NASDAQ:ITRI) Is Not Near. The Stock Has Rise in Shorts

January 22, 2018 - By Adrian Erickson

 A Reversal for Itron Incorporated (NASDAQ:ITRI) Is Not Near. The Stock Has Rise in Shorts

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.23, from 1.28 in 2017Q2. It is negative, as 23 investors sold Itron, Inc. shares while 78 reduced holdings. 42 funds opened positions while 64 raised stakes. 35.44 million shares or 28.58% less from 49.62 million shares in 2017Q2 were reported.
Essex Inv Management Ltd Liability invested in 0.15% or 14,560 shares. Renaissance owns 0.07% invested in Itron, Inc. (NASDAQ:ITRI) for 805,261 shares. Balyasny Asset Mngmt Lc accumulated 2,912 shares or 0% of the stock. Redwood Invests Limited Liability Corporation owns 115,812 shares. Oberweis Asset Mngmt owns 92,125 shares. Arizona State Retirement Systems has 17,634 shares for 0.02% of their portfolio. Invesco stated it has 0.02% of its portfolio in Itron, Inc. (NASDAQ:ITRI). Gotham Asset Management Ltd Liability Co reported 0.05% of its portfolio in Itron, Inc. (NASDAQ:ITRI). Fortaleza Asset Management accumulated 2,735 shares. Utd Services Automobile Association stated it has 122,177 shares. Credit Suisse Ag has invested 0.01% of its portfolio in Itron, Inc. (NASDAQ:ITRI). X Com Ltd Limited Liability Company reported 0.04% stake. Cwh holds 0.2% or 5,179 shares. Eagle Boston Inv Mgmt owns 205,064 shares. Everence Capital Incorporated owns 3,150 shares for 0.06% of their portfolio.

Since December 11, 2017, it had 2 insider purchases, and 1 insider sale for $261,231 activity. $824,244 worth of Itron, Inc. (NASDAQ:ITRI) was sold by Deitrich Thomas on Monday, December 11.

The stock of Itron Incorporated (NASDAQ:ITRI) registered an increase of 11.59% in short interest. ITRI’s total short interest was 417,000 shares in January as published by FINRA. Its up 11.59% from 373,700 shares, reported previously. With 275,900 shares average volume, it will take short sellers 2 days to cover their ITRI’s short positions. The short interest to Itron Incorporated’s float is 1.24%.

The stock decreased 0.53% or $0.4 during the last trading session, reaching $74.4. About 59,580 shares traded. Itron, Inc. (NASDAQ:ITRI) has risen 59.09% since January 22, 2017 and is uptrending. It has outperformed by 42.39% the S&P500.

Itron, Inc. provides metering solutions to electricity, gas, and water utility markets worldwide. The company has market cap of $2.88 billion. The firm operates through three divisions: Electricity, Gas, and Water. It has a 43.51 P/E ratio. It offers standard electromechanical and electronic, gas, and water and heat meters; and advanced and smart electricity, gas, and water meters and communication modules.

Itron, Inc. (NASDAQ:ITRI) Ratings Coverage

Among 11 analysts covering Itron Inc. (NASDAQ:ITRI), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Itron Inc. had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by Needham on Monday, November 14. The company was upgraded on Thursday, November 3 by Oppenheimer. The rating was maintained by Canaccord Genuity on Thursday, June 1 with “Buy”. The stock of Itron, Inc. (NASDAQ:ITRI) earned “Buy” rating by Robert W. Baird on Thursday, July 13. Raymond James initiated the stock with “Buy” rating in Tuesday, January 2 report. The company was maintained on Thursday, July 13 by Canaccord Genuity. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, August 16. Argus Research downgraded the shares of ITRI in report on Wednesday, November 29 to “Hold” rating. As per Monday, October 19, the company rating was upgraded by Canaccord Genuity. The stock of Itron, Inc. (NASDAQ:ITRI) has “Buy” rating given on Tuesday, September 12 by Argus Research.

More notable recent Itron, Inc. (NASDAQ:ITRI) news were published by: Businesswire.com which released: “Itron, Inc. Prices Offering of Additional $100 Million of 5.000% Senior Notes …” on January 17, 2018, also Businesswire.com with their article: “Itron to Announce Fourth Quarter and Full Year 2017 Results on Feb. 28, 2018” published on January 08, 2018, Businesswire.com published: “Itron Recognized as a Leader in the 2017 Gartner Magic Quadrant for Meter Data …” on January 16, 2018. More interesting news about Itron, Inc. (NASDAQ:ITRI) were released by: Bizjournals.com and their article: “$830 million deal makes Itron world’s second-largest smart meter company” published on January 12, 2018 as well as Nasdaq.com‘s news article titled: “Itron (ITRI) Prices $100M Senior Notes Offering Due 2026” with publication date: January 18, 2018.

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