The stock of Arrow Electrs Incorporated (NYSE:ARW) registered an increase of 3.02% in short interest. ARW’s total short interest was 2.33 million shares in March as published by FINRA. Its up 3.02% from 2.26M shares, reported previously. With 1.13 million shares average volume, it will take short sellers 2 days to cover their ARW’s short positions. The short interest to Arrow Electrs Incorporated’s float is 2.59%. The stock is down 0.49% or $0.29 after the news, hitting $58.71 per share. About 160,023 shares traded hands. Arrow Electronics, Inc. (NYSE:ARW) has risen 11.68% since July 27, 2015 and is uptrending. It has outperformed by 16.00% the S&P500.
Arrow Electronics, Inc. is a well-known provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company has a market cap of $5.51 billion. The Firm has a portfolio of product offerings available from electronic components and enterprise computing solutions (ECS) suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. It has 11.27 P/E ratio. The Firm operates in two business divisions: the global components business and the global enterprise computing solutions business.
The institutional sentiment increased to 1.3 in 2015 Q3. Its up 0.35, from 0.95 in 2015Q2. The ratio increased, as 21 funds sold all Arrow Electronics, Inc. shares owned while 107 reduced positions. 48 funds bought stakes while 119 increased positions. They now own 98.91 million shares or 13.46% more from 87.18 million shares in 2015Q2.
Kiltearn Partners Llp holds 3.59% of its portfolio in Arrow Electronics, Inc. for 1.40 million shares. Kitzinger Lautmann Capital Management Inc owns 126,335 shares or 2.47% of their US portfolio. Moreover, Speece Thorson Capital Group Inc has 2.25% invested in the company for 163,886 shares. The New York-based Euclidean Technologies Management Llc has invested 2.19% in the stock. New Amsterdam Partners Llc Ny, a New York-based fund reported 387,291 shares.
Out of 9 analysts covering Arrow Electronics Inc. (NYSE:ARW), 7 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Arrow Electronics Inc. was the topic in 7 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Longbow upgraded the stock on January 22 to “Buy” rating.
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