What Next for Accuray (NASDAQ:ARAY) Stock After Decrease in Shorted Shares?

October 13, 2017 - By Vivian Park

 What Next for Accuray (NASDAQ:ARAY) Stock After Decrease in Shorted Shares?

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.14, from 1.18 in 2017Q1. It dropped, as 23 investors sold Accuray Incorporated shares while 27 reduced holdings. 13 funds opened positions while 39 raised stakes. 62.66 million shares or 8.31% less from 68.34 million shares in 2017Q1 were reported.
Kornitzer Cap Management Ks holds 0.11% of its portfolio in Accuray Incorporated (NASDAQ:ARAY) for 1.37M shares. Continental Advsrs Limited Liability Co accumulated 134,500 shares. D E Shaw invested 0.01% of its portfolio in Accuray Incorporated (NASDAQ:ARAY). Susquehanna Group Llp has invested 0% in Accuray Incorporated (NASDAQ:ARAY). Peak6 Invs Limited Partnership stated it has 11,327 shares or 0% of all its holdings. Great West Life Assurance Can invested 0% in Accuray Incorporated (NASDAQ:ARAY). Grp One Trading Limited Partnership stated it has 0% in Accuray Incorporated (NASDAQ:ARAY). State Street Corporation reported 1.70M shares or 0% of all its holdings. California Pub Employees Retirement System holds 0% in Accuray Incorporated (NASDAQ:ARAY) or 46,300 shares. Geode Cap Management holds 0% of its portfolio in Accuray Incorporated (NASDAQ:ARAY) for 709,170 shares. Nationwide Fund Advsr holds 0% or 45,296 shares in its portfolio. Royal Financial Bank Of Canada holds 957 shares or 0% of its portfolio. Wells Fargo Mn invested in 0% or 62,059 shares. Manufacturers Life Insurance Communications The stated it has 0% of its portfolio in Accuray Incorporated (NASDAQ:ARAY). Partner Inv Management Limited Partnership accumulated 51,928 shares.

The stock of Accuray (NASDAQ:ARAY) registered a decrease of 3.78% in short interest. ARAY’s total short interest was 5.91 million shares in October as published by FINRA. Its down 3.78% from 6.15M shares, reported previously. With 488,100 shares average volume, it will take short sellers 12 days to cover their ARAY’s short positions. The short interest to Accuray’s float is 7.68%.

The stock decreased 1.19% or $0.05 during the last trading session, reaching $4.15. About 505,209 shares traded. Accuray Incorporated (NASDAQ:ARAY) has declined 21.41% since October 13, 2016 and is downtrending. It has underperformed by 38.11% the S&P500.

Accuray Incorporated is a radiation oncology company. The company has market cap of $347.58 million. The Firm develops, makes and markets medical devices used in radiation therapy for the treatment of cancer patients. It currently has negative earnings. The Company’s products include the CyberKnife Systems, the TomoTherapy Systems, and the Radixact Delivery Treatment Platform.

Accuray Incorporated (NASDAQ:ARAY) Ratings Coverage

Among 7 analysts covering Accuray (NASDAQ:ARAY), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Accuray had 19 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, May 30 by RBC Capital Markets. The stock of Accuray Incorporated (NASDAQ:ARAY) earned “Hold” rating by RBC Capital Markets on Wednesday, August 23. As per Tuesday, December 22, the company rating was initiated by RBC Capital Markets. RBC Capital Markets maintained the shares of ARAY in report on Friday, September 29 with “Hold” rating. The firm earned “Hold” rating on Tuesday, August 22 by BTIG Research. The firm has “Neutral” rating given on Friday, August 21 by BTIG Research. The firm earned “Buy” rating on Tuesday, August 25 by Zacks. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Cowen & Co initiated the shares of ARAY in report on Tuesday, September 13 with “Outperform” rating. On Thursday, November 12 the stock rating was initiated by Citigroup with “Sell”.

More news for Accuray Incorporated (NASDAQ:ARAY) were recently published by: Seekingalpha.com, which released: “Harder And Harder To Find A Spark With Accuray” on August 24, 2017. Prnewswire.com‘s article titled: “Accuray Incorporated Reports Inducement Grant Under NASDAQ Listing Rules” and published on October 04, 2017 is yet another important article.

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