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

December 7, 2017 - By Vivian Currie

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

Investors sentiment decreased to 1.49 in 2017 Q2. Its down 0.41, from 1.9 in 2017Q1. It fall, as 18 investors sold AXT, Inc. shares while 21 reduced holdings. 32 funds opened positions while 26 raised stakes. 23.77 million shares or 16.44% more from 20.41 million shares in 2017Q1 were reported.
Comml Bank Of Ny Mellon invested 0% in AXT, Inc. (NASDAQ:AXTI). 130,400 were reported by Clarivest Asset Mgmt Ltd Company. Tiaa Cref Invest Management Ltd Liability holds 100,552 shares. Wells Fargo & Mn invested in 432,725 shares or 0% of the stock. Herald Limited holds 0.32% or 150,000 shares in its portfolio. Ariel Limited Liability Company invested 0.05% in AXT, Inc. (NASDAQ:AXTI). Art Advsrs Ltd has invested 0.02% in AXT, Inc. (NASDAQ:AXTI). 40,770 were accumulated by Eagle Global Advsrs Ltd Co. Rhumbline Advisers accumulated 0% or 39,804 shares. Legal And General Group Inc Pcl invested 0% in AXT, Inc. (NASDAQ:AXTI). Dimensional Fund Advisors L P reported 0.01% in AXT, Inc. (NASDAQ:AXTI). Driehaus Capital Management Limited Liability Corporation has invested 0.16% in AXT, Inc. (NASDAQ:AXTI). 115 are held by Tci Wealth Advsr Inc. Kennedy Management Inc owns 844,992 shares for 0.1% of their portfolio. Blackrock reported 0% of its portfolio in AXT, Inc. (NASDAQ:AXTI).

The stock of Axt Incorporated (NASDAQ:AXTI) registered a decrease of 20.25% in short interest. AXTI’s total short interest was 1.49M shares in December as published by FINRA. Its down 20.25% from 1.87 million shares, reported previously. With 368,600 shares average volume, it will take short sellers 4 days to cover their AXTI’s short positions. The short interest to Axt Incorporated’s float is 4.75%.

The stock increased 1.18% or $0.1 during the last trading session, reaching $8.55. About 475,395 shares traded or 2.79% up from the average. AXT, Inc. (NASDAQ:AXTI) has risen 115.17% since December 7, 2016 and is uptrending. It has outperformed by 98.47% the S&P500.

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company has market cap of $328.09 million. The firm makes its semiconductor substrates using its proprietary vertical gradient freeze technology. It has a 34.48 P/E ratio. It offers semi-insulating gallium with arsenic substrates, which are used for applications in power amplifiers for wireless devices, and transistors and solar cells for drones.

AXT, Inc. (NASDAQ:AXTI) Ratings Coverage

Among 7 analysts covering AXT Inc (NASDAQ:AXTI), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. AXT Inc had 14 analyst reports since December 9, 2015 according to SRatingsIntel. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Buy” rating by Northland Capital on Wednesday, September 6. The rating was upgraded by Craig Hallum on Tuesday, May 3 to “Buy”. The company was upgraded on Wednesday, December 9 by B. Riley & Co. The firm has “Buy” rating by Needham given on Thursday, October 27. The stock of AXT, Inc. (NASDAQ:AXTI) has “Neutral” rating given on Thursday, October 26 by B. Riley & Co. As per Thursday, October 26, the company rating was maintained by Northland Capital. The rating was maintained by Needham with “Buy” on Thursday, February 23. The stock of AXT, Inc. (NASDAQ:AXTI) has “Buy” rating given on Thursday, October 26 by Needham. The stock has “Buy” rating by Dougherty & Company on Monday, February 13. The firm has “Buy” rating given on Friday, June 16 by Dougherty.

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