Could Avid Technology Inc (NASDAQ:AVID) Skyrocket? The Stock Has Too Many Sellers

June 19, 2018 - By Vivian Park

Avid Technology, Inc. (NASDAQ:AVID) Logo

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.68, from 1.41 in 2017Q4. It fall, as 15 investors sold Avid Technology, Inc. shares while 29 reduced holdings. 11 funds opened positions while 21 raised stakes. 28.16 million shares or 5.80% less from 29.89 million shares in 2017Q4 were reported.
The Switzerland-based Credit Suisse Ag has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). California State Teachers Retirement Systems holds 0% or 51,655 shares in its portfolio. Parametric Portfolio Assocs Ltd Liability Co owns 196,125 shares or 0% of their US portfolio. Zebra Cap Mngmt Lc, a Connecticut-based fund reported 11,892 shares. Teton stated it has 0.08% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Wellington Limited Liability Partnership holds 0% or 63,997 shares. Macquarie Grp Ltd reported 9,700 shares stake. Barclays Pcl stated it has 31,853 shares or 0% of all its holdings. Caprock Group stated it has 99,000 shares or 0.1% of all its holdings. Grp One Trading Ltd Partnership owns 3,000 shares. Moreover, Voya Investment Mngmt Limited Com has 0% invested in Avid Technology, Inc. (NASDAQ:AVID). Amer Int has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Blum Partners Ltd Partnership reported 6.56 million shares stake. Bridgeway Cap Mgmt Incorporated has invested 0.01% in Avid Technology, Inc. (NASDAQ:AVID). Geode Capital Management Ltd Company holds 287,007 shares or 0% of its portfolio.

The stock of Avid Technology Inc (NASDAQ:AVID) registered an increase of 1.19% in short interest. AVID’s total short interest was 3.59M shares in June as published by FINRA. Its up 1.19% from 3.54 million shares, reported previously. With 196,400 shares average volume, it will take short sellers 18 days to cover their AVID’s short positions. The short interest to Avid Technology Inc’s float is 10.93%.

The stock increased 0.20% or $0.01 during the last trading session, reaching $4.97. About 69,333 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 2.06% since June 19, 2017 and is downtrending. It has underperformed by 14.63% the S&P500.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $206.26 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

More notable recent Avid Technology, Inc. (NASDAQ:AVID) news were published by: Bizjournals.com which released: “Avid Technology names new CFO, shakes up leadership” on May 31, 2018, also Nasdaq.com with their article: “Avid Enters Multiyear Agreement with Seneca College to Upgrade Media Creation and Production Teaching Facilities …” published on May 23, 2018, Seekingalpha.com published: “Avid Technology appoints CFO, other leadership members” on May 31, 2018. More interesting news about Avid Technology, Inc. (NASDAQ:AVID) were released by: Nasdaq.com and their article: “Avid NEXIS | E5 NL Nearline Storage Solution Now Available” published on May 30, 2018 as well as Nasdaq.com‘s news article titled: “Gener 2 Chooses Avid Workflow to Launch CNN Affiliate in Albania” with publication date: June 15, 2018.

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.