Will Calix Incorporated (NYSE:CALX) Run Out of Steam Soon? Short Interest is Up

September 17, 2017 - By Migdalia James

 Will Calix Incorporated (NYSE:CALX) Run Out of Steam Soon? Short Interest is Up

Investors sentiment increased to 1.3 in 2016 Q4. Its up 0.38, from 0.92 in 2016Q3. It increased, as 2 investors sold Calix Inc shares while 35 reduced holdings. 17 funds opened positions while 31 raised stakes. 30.79 million shares or 1.21% less from 31.16 million shares in 2016Q3 were reported.
The Pennsylvania-based Pnc Svcs Incorporated has invested 0% in Calix Inc (NYSE:CALX). Metropolitan Life Insur Comm reported 0% stake. Menta reported 118,865 shares. The Pennsylvania-based Nationwide Fund Advisors has invested 0% in Calix Inc (NYSE:CALX). Geode Capital Limited Co accumulated 0% or 302,592 shares. California State Teachers Retirement Sys stated it has 0% of its portfolio in Calix Inc (NYSE:CALX). Invesco reported 54,290 shares. Amp Capital Limited invested 0% of its portfolio in Calix Inc (NYSE:CALX). Meeder Asset Management Inc invested 0% in Calix Inc (NYSE:CALX). State Common Retirement Fund owns 40,500 shares or 0% of their US portfolio. Barclays Public Ltd Co invested in 36,737 shares or 0% of the stock. Reilly Fincl Advsrs Limited Liability Corporation has 0.01% invested in Calix Inc (NYSE:CALX) for 4,058 shares. Blackrock Advisors Ltd Liability stated it has 0% in Calix Inc (NYSE:CALX). Massachusetts-based Panagora Asset Mgmt has invested 0% in Calix Inc (NYSE:CALX). Fmr Ltd Liability Corporation stated it has 100,200 shares or 0% of all its holdings.

The stock of Calix Incorporated (NYSE:CALX) registered an increase of 39.66% in short interest. CALX’s total short interest was 1.16M shares in September as published by FINRA. Its up 39.66% from 828,000 shares, reported previously. With 270,700 shares average volume, it will take short sellers 4 days to cover their CALX’s short positions. The short interest to Calix Incorporated’s float is 2.9%.

The stock increased 1.02% or $0.05 on September 15, reaching $4.95. About 598,185 shares traded or 70.08% up from the average. Calix Inc (NYSE:CALX) has risen 5.89% since September 17, 2016 and is uptrending. It has underperformed by 10.81% the S&P500.

Calix, Inc. provides broadband communications access systems and software for fiber- and copper network architectures that enable communications service providers , to transform their networks and connect to their residential and business subscribers. The company has market cap of $249.02 million. The Firm enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks. It currently has negative earnings. It develops and sells carrier-class hardware and cloud products.

Calix Inc (NYSE:CALX) Ratings Coverage

Among 6 analysts covering Calix Inc. (NYSE:CALX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Calix Inc. had 12 analyst reports since September 30, 2015 according to SRatingsIntel. The company was maintained on Monday, August 7 by Northland Capital. Jefferies maintained the stock with “Hold” rating in Tuesday, August 8 report. The firm earned “Hold” rating on Wednesday, August 9 by Cowen & Co. The company was initiated on Friday, December 18 by Drexel Hamilton. The company was upgraded on Friday, January 8 by Stifel Nicolaus. The rating was downgraded by Northland Capital on Wednesday, February 15 to “Market Perform”. The stock has “Hold” rating by Jefferies on Monday, June 26. As per Wednesday, September 30, the company rating was initiated by Northland Capital. Jefferies maintained the stock with “Hold” rating in Friday, March 24 report. Jefferies downgraded Calix Inc (NYSE:CALX) on Friday, October 30 to “Hold” rating.

More notable recent Calix Inc (NYSE:CALX) news were published by: Globenewswire.com which released: “Veteran Technology Executive Kira Makagon Joins Calix Board of Directors” on July 20, 2017, also Globenewswire.com with their article: “Calix Reports First Quarter 2017 Financial Results” published on May 09, 2017, Seekingalpha.com published: “Calix’ Q3 Results” on August 19, 2017. More interesting news about Calix Inc (NYSE:CALX) were released by: Globenewswire.com and their article: “Calix Reinvents Connected Home Support and Experience Management with Calix …” published on June 28, 2017 as well as Globenewswire.com‘s news article titled: “Marketing Visionary Matt Collins Joins Calix as CMO” with publication date: July 18, 2017.

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