It Seems Hni Corporation (NYSE:HNI) Will Go Up. Just Reported Less Shorted Shares

January 21, 2018 - By Hazel Jackson

 It Seems Hni Corporation (NYSE:HNI) Will Go Up. Just Reported Less Shorted Shares

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.05, from 1.1 in 2017Q2. It increased, as 18 investors sold HNI Corporation shares while 42 reduced holdings. 14 funds opened positions while 55 raised stakes. 30.37 million shares or 0.37% more from 30.25 million shares in 2017Q2 were reported.
Natixis invested 0% of its portfolio in HNI Corporation (NYSE:HNI). Moreover, Balyasny Asset Limited Liability Corporation has 0.02% invested in HNI Corporation (NYSE:HNI). Deutsche Bancorp Ag owns 0% invested in HNI Corporation (NYSE:HNI) for 132,621 shares. Nordea Investment Ab has invested 0.01% in HNI Corporation (NYSE:HNI). Moreover, Brinker Cap has 0.04% invested in HNI Corporation (NYSE:HNI). Us Retail Bank De invested in 24,283 shares or 0% of the stock. State Common Retirement Fund owns 0% invested in HNI Corporation (NYSE:HNI) for 71,200 shares. Vanguard Grp Inc reported 0.01% of its portfolio in HNI Corporation (NYSE:HNI). Aqr Capital Ltd Company holds 207,007 shares. The New York-based Mutual Of America Mgmt Ltd Liability has invested 0.02% in HNI Corporation (NYSE:HNI). Moreover, Deprince Race And Zollo Inc has 0.5% invested in HNI Corporation (NYSE:HNI). 7.37M are owned by State Farm Mutual Automobile Insurance Com. Gemmer Asset Limited has invested 0% of its portfolio in HNI Corporation (NYSE:HNI). Bridgeway Capital Management invested 0.01% in HNI Corporation (NYSE:HNI). Tower Rech Capital Ltd Liability Corp (Trc) has 0.01% invested in HNI Corporation (NYSE:HNI) for 3,347 shares.

Since August 31, 2017, it had 0 insider buys, and 6 sales for $1.91 million activity. Another trade for 5,000 shares valued at $200,000 was made by WATERS RONALD V on Tuesday, January 16.

The stock of Hni Corporation (NYSE:HNI) registered a decrease of 18.99% in short interest. HNI’s total short interest was 1.23 million shares in January as published by FINRA. Its down 18.99% from 1.52M shares, reported previously. With 197,400 shares average volume, it will take short sellers 6 days to cover their HNI’s short positions. The short interest to Hni Corporation’s float is 2.83%.

The stock increased 1.40% or $0.54 during the last trading session, reaching $39.18. About 120,370 shares traded. HNI Corporation (NYSE:HNI) has risen 0.38% since January 21, 2017 and is uptrending. It has underperformed by 16.32% the S&P500.

HNI Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of office furniture and hearth products primarily in the United States, Canada, China, Hong Kong, India, and Taiwan. The company has market cap of $1.70 billion. The companyÂ’s Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, Paoli, HBF, OFM, basyx by HON, ERGOTM, and Lamex brands, as well as under private labels. It has a 26.49 P/E ratio. This segment sells its products through independent and local office products dealers; national office product distributors; selling relationships with the end-users; wholesalers; and direct sales to federal, state, and local government offices.

HNI Corporation (NYSE:HNI) Ratings Coverage

Among 3 analysts covering HNI (NYSE:HNI), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. HNI had 5 analyst reports since September 20, 2016 according to SRatingsIntel. The stock has “Buy” rating by Raymond James on Wednesday, August 23. The stock has “Neutral” rating by Sidoti on Saturday, January 7. Raymond James downgraded the shares of HNI in report on Tuesday, October 24 to “Hold” rating. The rating was downgraded by Raymond James on Tuesday, September 20 to “Mkt Perform”. Seaport Global initiated HNI Corporation (NYSE:HNI) on Friday, November 4 with “Neutral” rating.

More important recent HNI Corporation (NYSE:HNI) news were published by: Marketwatch.com which released: “HNI Corp.” on December 21, 2009, also Seekingalpha.com published article titled: “HNI Corporation Stock Is Getting Close To Interesting”, Seekingalpha.com published: “HNI Corporation: $33 Still Is Too Expensive” on February 23, 2016. More interesting news about HNI Corporation (NYSE:HNI) was released by: Desmoinesregister.com and their article: “Muscatine’s HNI Corp. buys Kentucky hearth company” with publication date: October 01, 2014.

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