Kornit Digital Limited Ord (NASDAQ:KRNT) Shorted Shares Increased By 12.07%

January 23, 2018 - By Lynda A. Deweese

 Kornit Digital Limited Ord (NASDAQ:KRNT) Shorted Shares Increased By 12.07%

The stock of Kornit Digital Limited Ord (NASDAQ:KRNT) registered an increase of 12.07% in short interest. KRNT’s total short interest was 4.50M shares in January as published by FINRA. Its up 12.07% from 4.02M shares, reported previously. With 260,700 shares average volume, it will take short sellers 17 days to cover their KRNT’s short positions. The short interest to Kornit Digital Limited Ord’s float is 18.39%.

The stock increased 3.75% or $0.5667 during the last trading session, reaching $15.6667. About 93,316 shares traded. Kornit Digital Ltd. (NASDAQ:KRNT) has risen 105.20% since January 23, 2017 and is uptrending. It has outperformed by 88.50% the S&P500.

Kornit Digital Ltd. designs, develops, and markets digital printing solutions for printed textile industry. The company has market cap of $528.52 million. It offers direct-to-garment printers from smaller commercial operators to mass producers; NeoPigment ink and other consumables; Vulcan, a digital substitution for carousel screen printing; Allegro roll to roll printers; QuickP Designer software; and value added services, such as maintenance and support, and professional services. It currently has negative earnings. The firm serves decorators, online businesses, brand owners, and contract printers.

Kornit Digital Ltd. (NASDAQ:KRNT) Ratings Coverage

Among 6 analysts covering Kornit Digital (NASDAQ:KRNT), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Kornit Digital had 16 analyst reports since August 5, 2015 according to SRatingsIntel. Craig Hallum maintained the stock with “Buy” rating in Wednesday, September 27 report. Needham maintained the shares of KRNT in report on Monday, August 17 with “Buy” rating. The stock of Kornit Digital Ltd. (NASDAQ:KRNT) earned “Buy” rating by Canaccord Genuity on Friday, August 18. The rating was maintained by Stifel Nicolaus on Wednesday, September 27 with “Buy”. Canaccord Genuity maintained the shares of KRNT in report on Monday, August 7 with “Buy” rating. On Wednesday, November 8 the stock rating was maintained by Barclays Capital with “Overweight”. On Wednesday, June 21 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Kornit Digital Ltd. (NASDAQ:KRNT) has “Neutral” rating given on Wednesday, September 27 by Citigroup. Needham maintained the stock with “Buy” rating in Thursday, January 12 report. The rating was maintained by Barclays Capital with “Buy” on Wednesday, November 15.

More notable recent Kornit Digital Ltd. (NASDAQ:KRNT) news were published by: Streetinsider.com which released: “Kornit Digital (KRNT) Gains as Second Amazon Merch Facility Likely to Receive …” on November 14, 2017, also Seekingalpha.com with their article: “Kornit Digital (KRNT) CEO Gabi Seligsohn Q3 2017 Results – Earnings Call …” published on November 08, 2017, Globenewswire.com published: “Kornit Digital to Present at the CJS Securities 17th Annual “New Ideas” Summer …” on July 05, 2017. More interesting news about Kornit Digital Ltd. (NASDAQ:KRNT) were released by: Globenewswire.com and their article: “Kornit Digital’s Vulcan wins SGIA’s 2017 Product of the Year Award” published on September 06, 2017 as well as Globenewswire.com‘s news article titled: “Kornit Digital Reports Preliminary Results for Third Quarter 2017” with publication date: September 26, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.