Neff Corporation (NYSE:NEFF) Has Decline in Shorts

July 18, 2017 - By Winifred Garcia

 Neff Corporation (NYSE:NEFF) Has Decline in Shorts

The stock of Neff Corporation (NYSE:NEFF) registered a decrease of 34.15% in short interest. NEFF’s total short interest was 121,300 shares in July as published by FINRA. Its down 34.15% from 184,200 shares, reported previously. With 44,000 shares average volume, it will take short sellers 3 days to cover their NEFF’s short positions.

The stock increased 0.24% or $0.05 on July 17, reaching $20.9. About shares traded. Neff Corp (NYSE:NEFF) has risen 84.44% since July 18, 2016 and is uptrending. It has outperformed by 67.74% the S&P500.

Neff Corporation is an equipment rental company. The company has market cap of $500.12 million. The Firm offers an array of equipment rental solutions for its customer base, including infrastructure, non-residential construction, gas and oil, and residential construction customers. It has a 15.85 P/E ratio. The Company’s fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.

Neff Corp (NYSE:NEFF) Ratings Coverage

Among 3 analysts covering Neff Corp (NYSE:NEFF), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Neff Corp has $21 highest and $2000 lowest target. $20.50’s average target is -1.91% below currents $20.9 stock price. Neff Corp had 7 analyst reports since February 24, 2016 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, June 13 by Jefferies. The company was upgraded on Wednesday, February 24 by Bank of America. The stock of Neff Corp (NYSE:NEFF) has “Buy” rating given on Wednesday, March 15 by Bank of America. The firm has “Hold” rating given on Friday, July 14 by Jefferies. On Monday, March 14 the stock rating was downgraded by Bank of America to “Underperform”. Jefferies downgraded Neff Corp (NYSE:NEFF) on Tuesday, November 29 to “Hold” rating.

More important recent Neff Corp (NYSE:NEFF) news were published by: Seekingalpha.com which released: “Neff Corporation’s Stock Could Be Trampled By Controlling Shareholder’s Exit” on February 24, 2017, also Nasdaq.com published article titled: “Should Value Investors Pick Neff Corp (NEFF) Stock Now?”, Law360.com published: “Dechert Guides H&E Equipment In $1.2B Deal For Neff” on July 14, 2017. More interesting news about Neff Corp (NYSE:NEFF) was released by: Theadvocate.com and their article: “Baton Rouge’s H&E Equipment buys Miami-based Neff Corp. in $1.2 billion deal” with publication date: July 14, 2017.

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