Flex Limited Ord (NASDAQ:FLEX) Can’t Be Less Risky. Short Interest Decreased

January 19, 2018 - By Marguerite Chambers

 Flex Limited Ord (NASDAQ:FLEX) Can't Be Less Risky. Short Interest Decreased

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.27, from 1.19 in 2017Q2. It dropped, as 33 investors sold Flex Ltd. shares while 106 reduced holdings. 38 funds opened positions while 90 raised stakes. 497.19 million shares or 0.70% less from 500.69 million shares in 2017Q2 were reported.
Weiss Multi reported 151,066 shares or 0.09% of all its holdings. Teacher Retirement System Of Texas invested 0.1% in Flex Ltd. (NASDAQ:FLEX). 11,668 are owned by Axa. California Public Employees Retirement System, California-based fund reported 1.52 million shares. Thompson Siegel & Walmsley Limited Liability Company reported 5.00 million shares. Aperio Grp Lc holds 0.01% in Flex Ltd. (NASDAQ:FLEX) or 71,993 shares. Greenwich Wealth Mgmt Lc invested in 183,007 shares or 0.52% of the stock. Creative Planning stated it has 0.01% in Flex Ltd. (NASDAQ:FLEX). Lpl Limited Liability accumulated 58,344 shares or 0% of the stock. Magnetar Ltd Com owns 27,778 shares. Ahl Prtnrs Limited Liability Partnership has invested 0.05% in Flex Ltd. (NASDAQ:FLEX). Ubs Asset Mgmt Americas accumulated 0.03% or 1.66 million shares. Logan invested in 57,434 shares or 0.07% of the stock. Bb&T Corp invested in 10,483 shares. Vanguard Gru owns 2.83M shares.

Since August 3, 2017, it had 0 buys, and 2 insider sales for $444,327 activity. Shares for $400,870 were sold by SHIH WILLY C on Thursday, August 3.

The stock of Flex Limited Ord (NASDAQ:FLEX) registered a decrease of 9.98% in short interest. FLEX’s total short interest was 14.35 million shares in January as published by FINRA. Its down 9.98% from 15.95M shares, reported previously. With 2.80 million shares average volume, it will take short sellers 5 days to cover their FLEX’s short positions. The short interest to Flex Limited Ord’s float is 2.9%.

The stock increased 0.87% or $0.17 during the last trading session, reaching $19.61. About 3.74 million shares traded or 16.10% up from the average. Flex Ltd. (NASDAQ:FLEX) has risen 35.11% since January 19, 2017 and is uptrending. It has outperformed by 18.41% the S&P500.

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company has market cap of $10.36 billion. It offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables clients to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies. It has a 19.42 P/E ratio. The firm also provides design and engineering services, including contract design and joint development manufacturing services, which cover various technical competencies, such as system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services.

Flex Ltd. (NASDAQ:FLEX) Ratings Coverage

Among 15 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Flextronics International Ltd. had 46 analyst reports since July 28, 2015 according to SRatingsIntel. UBS upgraded Flex Ltd. (NASDAQ:FLEX) on Wednesday, September 9 to “Buy” rating. Stifel Nicolaus upgraded the stock to “Buy” rating in Friday, January 29 report. On Sunday, September 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, January 3. The stock of Flex Ltd. (NASDAQ:FLEX) earned “Sell” rating by Zacks on Friday, August 21. The company was maintained on Wednesday, August 2 by UBS. The stock of Flex Ltd. (NASDAQ:FLEX) has “Strong Buy” rating given on Friday, January 29 by Raymond James. JP Morgan initiated Flex Ltd. (NASDAQ:FLEX) rating on Tuesday, April 26. JP Morgan has “Overweight” rating and $15 target. The rating was maintained by RBC Capital Markets on Thursday, October 12 with “Buy”. RBC Capital Markets maintained Flex Ltd. (NASDAQ:FLEX) rating on Tuesday, February 21. RBC Capital Markets has “Outperform” rating and $22 target.

Another recent and important Flex Ltd. (NASDAQ:FLEX) news was published by Streetinsider.com which published an article titled: “Form 3 FLEX LTD. For: Jan 08 Filed by: Li Jennifer” on January 08, 2018.

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