Cubic Corporation (NYSE:CUB) Stock Is Shorted More

December 10, 2017 - By Migdalia James

 Cubic Corporation (NYSE:CUB) Stock Is Shorted More

Investors sentiment increased to 1.31 in Q2 2017. Its up 0.26, from 1.05 in 2017Q1. It increased, as 11 investors sold Cubic Corporation shares while 40 reduced holdings. 16 funds opened positions while 51 raised stakes. 23.68 million shares or 0.91% less from 23.90 million shares in 2017Q1 were reported.
653 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Moreover, Price T Rowe Associate Incorporated Md has 0% invested in Cubic Corporation (NYSE:CUB). Bank Of Mellon reported 0% stake. Morgan Stanley invested 0% of its portfolio in Cubic Corporation (NYSE:CUB). Moreover, Parametric Portfolio Assoc Limited Liability Company has 0% invested in Cubic Corporation (NYSE:CUB) for 39,980 shares. Bridgeway Capital Management, Texas-based fund reported 34,500 shares. State Of Wisconsin Investment Board stated it has 125,000 shares or 0.02% of all its holdings. Wellington Mngmt Gru Llp holds 2.20M shares or 0.02% of its portfolio. Suntrust Banks, Georgia-based fund reported 64,030 shares. Bessemer Grp Inc Inc has 2,700 shares. Us Savings Bank De invested in 0% or 11,955 shares. 10,247 are held by Bnp Paribas Arbitrage Sa. Ubs Asset Americas has 4,799 shares for 0% of their portfolio. State Of Tennessee Treasury Department owns 0.01% invested in Cubic Corporation (NYSE:CUB) for 23,429 shares. State Of New Jersey Common Pension Fund D owns 0.23% invested in Cubic Corporation (NYSE:CUB) for 1.19M shares.

The stock of Cubic Corporation (NYSE:CUB) registered an increase of 5.17% in short interest. CUB’s total short interest was 1.49 million shares in December as published by FINRA. Its up 5.17% from 1.42 million shares, reported previously. With 139,700 shares average volume, it will take short sellers 11 days to cover their CUB’s short positions. The short interest to Cubic Corporation’s float is 5.96%.

The stock increased 0.42% or $0.25 during the last trading session, reaching $60.25. About 112,723 shares traded. Cubic Corporation (NYSE:CUB) has risen 14.76% since December 10, 2016 and is uptrending. It has underperformed by 1.94% the S&P500.

Cubic Corporation provides systems and solutions for the transportation and defense markets in the United States and internationally. The company has market cap of $1.64 billion. It operates through three divisions: Cubic Transportation Systems , Cubic Global Defense Systems (CGD Systems), and Cubic Global Defense Services (CGD Services). It currently has negative earnings. The CTS segment provides fare collection and revenue management devices, software, systems and multiagency, multimodal integration technologies, and operational services for transportation authorities and operators.

Cubic Corporation (NYSE:CUB) Ratings Coverage

Among 9 analysts covering Cubic Corporation (NYSE:CUB), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Cubic Corporation had 21 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Cubic Corporation (NYSE:CUB) earned “Buy” rating by Needham on Friday, February 10. The company was maintained on Tuesday, November 21 by Canaccord Genuity. The firm has “Buy” rating given on Tuesday, October 20 by BB&T Capital. The stock of Cubic Corporation (NYSE:CUB) has “Buy” rating given on Friday, August 4 by Canaccord Genuity. As per Monday, September 25, the company rating was maintained by Canaccord Genuity. The company was initiated on Wednesday, June 8 by Canaccord Genuity. Credit Suisse upgraded the stock to “Outperform” rating in Thursday, September 17 report. The stock has “Buy” rating by J.P. Morgan on Thursday, August 10. The rating was maintained by Needham on Friday, March 24 with “Buy”. As per Wednesday, October 11, the company rating was maintained by Credit Suisse.

More notable recent Cubic Corporation (NYSE:CUB) news were published by: Streetinsider.com which released: “Cubic Corp. (CUB) Secures Mobile Ticketing Contract to Service Germany’s Rhein …” on November 22, 2017, also Streetinsider.com with their article: “Cubic Corp. (CUB) Secures $61M Contract from US Army to Provide Training Support” published on November 29, 2017, Seekingalpha.com published: “Cubic Corporation’s (CUB) CEO Brad Feldmann on Q4 2017 Results – Earnings Call …” on November 21, 2017. More interesting news about Cubic Corporation (NYSE:CUB) were released by: Prnewswire.com and their article: “Cubic Corporation to Report Fiscal Year 2017 Fourth-Quarter and Full-Year …” published on November 15, 2017 as well as Seekingalpha.com‘s news article titled: “Cubic +14.6% Q4 beats, $575M contract” with publication date: November 21, 2017.

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