Can Cree Incorporated (NASDAQ:CREE)’s Tomorrow Be Different? The Stock Had Decline in Shorts

November 21, 2017 - By Jacob Falcon

 Can Cree Incorporated (NASDAQ:CREE)’s Tomorrow Be Different? The Stock Had Decline in Shorts

Investors sentiment increased to 1.17 in Q2 2017. Its up 0.03, from 1.14 in 2017Q1. It improved, as 30 investors sold Cree, Inc. shares while 64 reduced holdings. 27 funds opened positions while 83 raised stakes. 88.54 million shares or 6.34% more from 83.26 million shares in 2017Q1 were reported.
Ngam Advisors Limited Partnership invested in 90,940 shares. Robecosam Ag invested in 504,000 shares. Employees Retirement System Of Ohio accumulated 0% or 8,767 shares. Alexandria Capital Llc holds 10 shares. First Manhattan stated it has 51 shares. Riverhead Capital Mngmt Limited Liability Corporation has invested 0.01% of its portfolio in Cree, Inc. (NASDAQ:CREE). Janney Montgomery Scott Limited Liability owns 40,033 shares for 0.01% of their portfolio. Royal Natl Bank Of Canada invested in 178,158 shares or 0% of the stock. Frontier Capital Mngmt Lc has invested 0.12% of its portfolio in Cree, Inc. (NASDAQ:CREE). Horrell holds 40,000 shares or 0.58% of its portfolio. Jane Street Grp Ltd Liability Com has 85,878 shares for 0.01% of their portfolio. D L Carlson Investment Gru invested in 71,540 shares. Credit Agricole S A has invested 0.01% in Cree, Inc. (NASDAQ:CREE). Goldman Sachs Gru holds 0.01% or 2.14M shares in its portfolio. Louisiana State Employees Retirement Systems has 25,400 shares for 0.03% of their portfolio.

The stock of Cree Incorporated (NASDAQ:CREE) registered a decrease of 0.98% in short interest. CREE’s total short interest was 14.13M shares in November as published by FINRA. Its down 0.98% from 14.27M shares, reported previously. With 4.80M shares average volume, it will take short sellers 3 days to cover their CREE’s short positions.

About 148,254 shares traded. Cree, Inc. (NASDAQ:CREE) has risen 2.53% since November 21, 2016 and is uptrending. It has underperformed by 14.17% the S&P500.

Cree, Inc. is a manufacturer of lighting-class light emitting diode products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The company has market cap of $3.64 billion. The Company’s products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. It currently has negative earnings. The Firm has three divisions: Lighting Products, LED Products, and Power and RF Products.

Cree, Inc. (NASDAQ:CREE) Ratings Coverage

Among 19 analysts covering Cree Inc. (NASDAQ:CREE), 5 have Buy rating, 5 Sell and 9 Hold. Therefore 26% are positive. Cree Inc. had 47 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Hold” rating by Northland Capital on Tuesday, September 26. Roth Capital initiated Cree, Inc. (NASDAQ:CREE) on Thursday, August 25 with “Buy” rating. As per Tuesday, August 22, the company rating was maintained by Roth Capital. The firm earned “Hold” rating on Tuesday, August 22 by Canaccord Genuity. The firm has “Hold” rating by Cowen & Co given on Friday, September 22. The stock has “Sell” rating by Williams Capital Group on Thursday, October 19. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 23. The stock has “Hold” rating by Needham on Monday, September 25. The firm earned “Sell” rating on Wednesday, August 17 by Goldman Sachs. The rating was downgraded by J.P. Morgan to “Sell” on Friday, October 6.

More news for Cree, Inc. (NASDAQ:CREE) were recently published by: Finance.Yahoo.com, which released: “How Cree, Inc. Stock Rose 27% in October” on November 06, 2017. Businesswire.com‘s article titled: “Cree Launches Market-Leading KBL LED High-Bay Series” and published on November 07, 2017 is yet another important article.

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 FREE daily email newsletter.