Today Titan Machinery Inc (NASDAQ:TITN) Reported Decrease in Shorted Shares

June 12, 2018 - By Henry Gaston

Titan Machinery Inc. (NASDAQ:TITN) Logo

Investors sentiment decreased to 1.13 in 2018 Q1. Its down 0.30, from 1.43 in 2017Q4. It worsened, as 18 investors sold Titan Machinery Inc. shares while 36 reduced holdings. 22 funds opened positions while 39 raised stakes. 17.82 million shares or 5.42% more from 16.91 million shares in 2017Q4 were reported.
76,023 are owned by Kennedy Cap. California State Teachers Retirement Sys holds 0% or 28,623 shares. Massachusetts-based Aristotle Cap Boston Ltd Llc has invested 0.2% in Titan Machinery Inc. (NASDAQ:TITN). Granahan Mgmt Incorporated Ma reported 711,799 shares. Ellington Mngmt Gp Llc has invested 0.02% in Titan Machinery Inc. (NASDAQ:TITN). Hancock Hldgs Comm has 14,406 shares. State Common Retirement Fund holds 0% in Titan Machinery Inc. (NASDAQ:TITN) or 63,324 shares. Alliancebernstein L P invested 0% in Titan Machinery Inc. (NASDAQ:TITN). Citigroup stated it has 0% in Titan Machinery Inc. (NASDAQ:TITN). Wells Fargo Commerce Mn invested in 0% or 29,677 shares. National Bank Of Ny Mellon has 80,432 shares. Federated Investors Pa accumulated 171,192 shares. Metropolitan Life Insur Com New York holds 6,453 shares or 0% of its portfolio. Rhumbline Advisers holds 18,009 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 856 shares.

Since January 3, 2018, it had 1 insider buy, and 2 insider sales for $1.35 million activity. Another trade for 61,796 shares valued at $1.35 million was made by Meyer David Joseph on Wednesday, January 3. Erickson Stan K. bought $54,180 worth of Titan Machinery Inc. (NASDAQ:TITN) on Friday, June 1.

The stock of Titan Machinery Inc (NASDAQ:TITN) registered a decrease of 0.62% in short interest. TITN’s total short interest was 965,200 shares in June as published by FINRA. Its down 0.62% from 971,200 shares, reported previously. With 114,500 shares average volume, it will take short sellers 8 days to cover their TITN’s short positions. The short interest to Titan Machinery Inc’s float is 5.33%.

The stock decreased 1.71% or $0.3 during the last trading session, reaching $17.29. About 121,225 shares traded. Titan Machinery Inc. (NASDAQ:TITN) has risen 25.52% since June 12, 2017 and is uptrending. It has outperformed by 12.95% the S&P500.

Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores. The company has market cap of $374.75 million. It operates through three divisions: Agriculture, Construction, and International. It currently has negative earnings. The firm sells new and used equipment, including agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.

Titan Machinery Inc. (NASDAQ:TITN) Ratings Coverage

Among 4 analysts covering Titan Machinery (NASDAQ:TITN), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Titan Machinery had 5 analyst reports since January 2, 2018 according to SRatingsIntel. Robert W. Baird maintained it with “Buy” rating and $2600 target in Thursday, March 29 report. The company was maintained on Thursday, March 29 by Stephens. William Blair maintained the stock with “Hold” rating in Wednesday, April 4 report. The firm has “Market Perform” rating given on Tuesday, January 2 by William Blair.

More important recent Titan Machinery Inc. (NASDAQ:TITN) news were published by: Globenewswire.com which released: “Titan Machinery Provides Advanced Precision Support with AgriSync” on May 18, 2018, also Seekingalpha.com published article titled: “More on Titan Machinery’s Q1 mixed results”, Nasdaq.com published: “Titan Machinery Inc. to Report Fiscal First Quarter Ended April 30, 2018 Results on May 31, 2018” on May 17, 2018. More interesting news about Titan Machinery Inc. (NASDAQ:TITN) was released by: Nasdaq.com and their article: “Report: Exploring Fundamental Drivers Behind Titan Machinery, Kforce, Liberty Media, Daktronics, SPX, and Tallgrass …” with publication date: May 29, 2018.

Titan Machinery Inc. (NASDAQ:TITN) Institutional Positions Chart

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