What’s Arris International Plc – Ordinary Shares (NASDAQ:ARRS) Upside After This Short Interest Decrease?

May 16, 2018 - By sdfsdfsdf

ARRIS International plc (NASDAQ:ARRS) Logo

Investors sentiment decreased to 0 in Q4 2017. Its down 2.00, from 2 in 2017Q3. It turned negative, as 1 investors sold ARRIS International plc shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 235,503 shares or 12.17% less from 268,129 shares in 2017Q3 were reported.
First Bankshares Of Omaha has invested 0.1% in ARRIS International plc (NASDAQ:ARRS). Baxter Bros stated it has 1.19% in ARRIS International plc (NASDAQ:ARRS). Vantage Invest Advsrs Ltd Liability Com holds 0.01% or 2,149 shares in its portfolio. Gemmer Asset Limited Liability Com holds 0% or 99 shares.

The stock of Arris International Plc – Ordinary Shares (NASDAQ:ARRS) registered a decrease of 12.49% in short interest. ARRS’s total short interest was 5.18 million shares in May as published by FINRA. Its down 12.49% from 5.92M shares, reported previously. With 863,200 shares average volume, it will take short sellers 6 days to cover their ARRS’s short positions. The short interest to Arris International Plc – Ordinary Shares’s float is 3.13%.

The stock increased 0.91% or $0.24 during the last trading session, reaching $26.56. About 1.80M shares traded or 34.22% up from the average. ARRIS International plc (NASDAQ:ARRS) has risen 0.41% since May 16, 2017 and is uptrending. It has underperformed by 11.14% the S&P500.

ARRIS International plc, together with its subsidiaries, provides media entertainment and data communications solutions in the United States and internationally. The company has market cap of $4.95 billion. It operates through two divisions, Customer Premises Equipment and Network & Cloud. It has a 54.2 P/E ratio. The Customer Premises Equipment segment offers various product solutions, including set-top boxes, gateways, digital subscriber lines and cable modems, and wireless connectivity or other wired connectivity products that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers.

ARRIS International plc (NASDAQ:ARRS) Ratings Coverage

Among 4 analysts covering Arris Group (NASDAQ:ARRS), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Arris Group had 4 analyst reports since December 1, 2017 according to SRatingsIntel. Morgan Stanley downgraded the shares of ARRS in report on Tuesday, December 19 to “Equal-Weight” rating. Barclays Capital initiated ARRIS International plc (NASDAQ:ARRS) rating on Thursday, March 22. Barclays Capital has “Hold” rating and $31.0 target. The stock has “Buy” rating by Raymond James on Friday, December 1.

More news for ARRIS International plc (NASDAQ:ARRS) were recently published by: Prnewswire.com, which released: “ARRIS to Present at JP Morgan’s 46th Annual Technology, Media and Communications Conference” on May 11, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for ARRIS International plc, Tapestry, Dollar General, AMC Entertainment …” and published on May 09, 2018 is yet another important article.

ARRIS International plc (NASDAQ:ARRS) Ratings Chart

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