Altair Engineering Inc – Class A (NASDAQ:ALTR) Just Reported Increased Shorts

April 17, 2018 - By Peter Erickson

Altair Engineering Inc. (NASDAQ:ALTR) Logo

The stock of Altair Engineering Inc – Class A (NASDAQ:ALTR) registered an increase of 16.52% in short interest. ALTR’s total short interest was 807,000 shares in April as published by FINRA. Its up 16.52% from 692,600 shares, reported previously. With 408,100 shares average volume, it will take short sellers 2 days to cover their ALTR’s short positions. The short interest to Altair Engineering Inc – Class A’s float is 3.88%.

The stock increased 2.38% or $0.7 during the last trading session, reaching $30.09. About 140,906 shares traded. Altair Engineering Inc. (NASDAQ:ALTR) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. The company has market cap of $1.90 billion. The Company’s integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. It currently has negative earnings. The firm also offers client engineering services to support clients with long-term ongoing product design and development services, as well as consulting, training, and support services.

Altair Engineering Inc. (NASDAQ:ALTR) Ratings Coverage

Among 9 analysts covering Altair Engineering (NASDAQ:ALTR), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Altair Engineering had 12 analyst reports since November 27, 2017 according to SRatingsIntel. The stock has “Buy” rating by Berenberg on Thursday, March 22. The stock of Altair Engineering Inc. (NASDAQ:ALTR) has “Buy” rating given on Thursday, March 22 by Cowen & Co. The firm has “Hold” rating given on Monday, November 27 by J.P. Morgan. The stock of Altair Engineering Inc. (NASDAQ:ALTR) has “Hold” rating given on Wednesday, March 21 by Canaccord Genuity. As per Thursday, March 22, the company rating was maintained by RBC Capital Markets.

Altair Engineering Inc. (NASDAQ:ALTR) Ratings Chart

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