Could Carbonite Incorporated (NASDAQ:CARB) Go Down After Its Newest Short Interest Report?

September 17, 2017 - By test

 Could Carbonite Incorporated (NASDAQ:CARB) Go Down After Its Newest Short Interest Report?

Investors sentiment decreased to 1.85 in Q4 2016. Its down 0.26, from 2.11 in 2016Q3. It is negative, as 14 investors sold Carbonite Inc shares while 34 reduced holdings. 41 funds opened positions while 48 raised stakes. 21.96 million shares or 13.46% more from 19.35 million shares in 2016Q3 were reported.
Art Ltd Limited Liability Company invested 0.03% of its portfolio in Carbonite Inc (NASDAQ:CARB). Blackrock invested in 0% or 14,267 shares. Blackrock Institutional Tru Com Na reported 0% of its portfolio in Carbonite Inc (NASDAQ:CARB). Jane Street Ltd Com holds 0% of its portfolio in Carbonite Inc (NASDAQ:CARB) for 62,464 shares. Creative Planning holds 1,200 shares or 0% of its portfolio. 1492 Mgmt Limited Liability Company invested 0.55% in Carbonite Inc (NASDAQ:CARB). Argent Capital Mgmt holds 126,260 shares. Goldman Sachs Grp owns 87,995 shares for 0% of their portfolio. Invesco Ltd has invested 0% in Carbonite Inc (NASDAQ:CARB). Great West Life Assurance Can reported 2,100 shares. Acadian Asset Limited Liability Company stated it has 0.03% of its portfolio in Carbonite Inc (NASDAQ:CARB). Driehaus Cap Mngmt Ltd Llc reported 93,238 shares. Parametric Portfolio Associates stated it has 92,305 shares. Putnam Invests Limited Liability holds 0.01% or 155,128 shares in its portfolio. Bogle Inv Mgmt L P De holds 0.34% or 297,932 shares in its portfolio.

Since March 24, 2017, it had 0 insider purchases, and 12 insider sales for $1.39 million activity. 5,960 shares valued at $127,842 were sold by FOLGER ANTHONY on Friday, May 5. 298 shares were sold by SHEER DANIELLE, worth $5,737. HUDSON CASSANDRA sold $42,919 worth of Carbonite Inc (NASDAQ:CARB) on Monday, June 12. The insider Guadagno Norman sold 2,492 shares worth $53,453. 7,500 shares valued at $157,820 were sold by Mellinger Paul S. on Friday, May 5.

The stock of Carbonite Incorporated (NASDAQ:CARB) registered a decrease of 6.61% in short interest. CARB’s total short interest was 2.72M shares in September as published by FINRA. Its down 6.61% from 2.92M shares, reported previously. With 344,900 shares average volume, it will take short sellers 8 days to cover their CARB’s short positions. The short interest to Carbonite Incorporated’s float is 11.94%.

The stock decreased 0.24% or $0.05 on September 15, reaching $20.5. About 380,637 shares traded. Carbonite Inc (NASDAQ:CARB) has risen 113.73% since September 17, 2016 and is uptrending. It has outperformed by 97.03% the S&P500.

Carbonite, Inc. provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service and e-mail archiving. The company has market cap of $569.88 million. The Company’s solutions provide enterprise-grade data protection and recovery capabilities to its customers. It has a 1473.76 P/E ratio. The Company’s small and medium-sized businesses (SMBs) plans include Carbonite Computer Backup; Carbonite Server Backup, such as Carbonite Office Power and Carbonite Office Ultimate; EVault Cloud Backup; DRaaS, and e-mail archiving.

Carbonite Inc (NASDAQ:CARB) Ratings Coverage

Among 6 analysts covering Carbonite (NASDAQ:CARB), 3 have Buy rating, 2 Sell and 1 Hold. Therefore 50% are positive. Carbonite had 8 analyst reports since September 21, 2015 according to SRatingsIntel. Zacks downgraded Carbonite Inc (NASDAQ:CARB) on Monday, September 21 to “Sell” rating. The firm has “Outperform” rating by Oppenheimer given on Tuesday, October 11. The stock of Carbonite Inc (NASDAQ:CARB) earned “Buy” rating by Lake Street on Tuesday, February 28. As per Friday, August 4, the company rating was maintained by Barclays Capital. The rating was initiated by B. Riley & Co on Friday, June 10 with “Buy”. Oppenheimer maintained Carbonite Inc (NASDAQ:CARB) on Friday, August 4 with “Buy” rating.

More recent Carbonite Inc (NASDAQ:CARB) news were published by: Seekingalpha.com which released: “Firm Founders Have Moved On; Investors Should Also” on September 06, 2017. Also Seekingalpha.com published the news titled: “Carbonite Acquires Datacastle For Enterprise Endpoint Software” on August 22, 2017. Globenewswire.com‘s news article titled: “Carbonite Grabs Market Share in Strategic Referral Deal” with publication date: August 22, 2017 was also an interesting one.

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