What’s Next for Avnet Inc (NASDAQ:AVT) After Having Less Shares Shorted?

May 17, 2018 - By Peter Erickson

Avnet, Inc. (NASDAQ:AVT) Logo

Investors sentiment increased to 1.16 in Q4 2017. Its up 0.17, from 0.99 in 2017Q3. It increased, as 29 investors sold Avnet, Inc. shares while 100 reduced holdings. 53 funds opened positions while 97 raised stakes. 110.65 million shares or 1.73% less from 112.60 million shares in 2017Q3 were reported.
Strs Ohio reported 276,678 shares. Mason Street Advsr Llc holds 59,577 shares or 0.05% of its portfolio. Advisory Rech Incorporated accumulated 1.07M shares. Cwm Lc stated it has 0% of its portfolio in Avnet, Inc. (NASDAQ:AVT). Moreover, Tiaa Cref Inv Mngmt Llc has 0.01% invested in Avnet, Inc. (NASDAQ:AVT). Sei Invs invested in 0.01% or 39,767 shares. Fifth Third Bancshares invested in 77 shares or 0% of the stock. Hightower Advsr Limited Liability Corp holds 0% or 6,251 shares. Amundi Pioneer Asset Incorporated accumulated 54,691 shares or 0% of the stock. Jacobs Levy Equity Management has invested 0.19% in Avnet, Inc. (NASDAQ:AVT). Commerce Natl Bank reported 0% in Avnet, Inc. (NASDAQ:AVT). Toth Finance Advisory reported 423 shares. Speece Thorson Cap Grp reported 228,330 shares. Proshare Advsr Limited Co has invested 0% of its portfolio in Avnet, Inc. (NASDAQ:AVT). Oppenheimer Asset holds 0.02% of its portfolio in Avnet, Inc. (NASDAQ:AVT) for 18,577 shares.

Since February 13, 2018, it had 0 insider buys, and 2 insider sales for $661,716 activity. 1,511 Avnet, Inc. (NASDAQ:AVT) shares with value of $61,452 were sold by Summers Kevin V.

The stock of Avnet Inc (NASDAQ:AVT) registered a decrease of 24.51% in short interest. AVT’s total short interest was 4.26M shares in May as published by FINRA. Its down 24.51% from 5.64 million shares, reported previously. With 998,300 shares average volume, it will take short sellers 4 days to cover their AVT’s short positions. The short interest to Avnet Inc’s float is 3.55%.

The stock increased 0.62% or $0.24 during the last trading session, reaching $39.17. About 60,204 shares traded. Avnet, Inc. (NASDAQ:AVT) has declined 6.72% since May 17, 2017 and is downtrending. It has underperformed by 18.27% the S&P500.

Avnet, Inc., together with its subsidiaries, distributes electronic components worldwide. The company has market cap of $4.62 billion. The firm operates through two divisions, Electronic Components and Premier Farnell. It has a 10.7 P/E ratio. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.

More important recent Avnet, Inc. (NASDAQ:AVT) news were published by: Streetinsider.com which released: “Goldman Sachs Downgrades Avnet (AVT) to Sell” on May 16, 2018, also Businesswire.com published article titled: “Avnet Showcases Connected Ecosystem at IoT World 2018”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018. More interesting news about Avnet, Inc. (NASDAQ:AVT) was released by: Benzinga.com and their article: “Goldman Presses Sell Button On Avnet On Incremental Risk To Semi Cycle” with publication date: May 16, 2018.

Avnet, Inc. (NASDAQ:AVT) Institutional Positions Chart

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