The stock of Average Tech NV (NYSE:AVG) registered a decrease of 19.1% in short interest. AVG’s total short interest was 1.65M shares in April as published by FINRA. Its down 19.1% from 2.04M shares, reported previously. With 350,800 shares average volume, it will take short sellers 5 days to cover their AVG’s short positions. The short interest to Average Tech NV’s float is 3.89%. The stock is down 0.53% or $0.11 after the news, hitting $20.64 per share. About 26,350 shares traded hands. AVG Technologies NV (NYSE:AVG) has declined 6.28% since August 25, 2015 and is downtrending. It has underperformed by 16.57% the S&P500.
AVG Technologies N.V. provides software and online services that deliver peace of mind to users by simplifying, optimizing and securing their Internet experiences. The company has a market cap of $1.07 billion. The Firm is primarily engaged in the development and sale of online service solutions and Internet security software branded under the AVG name. It has 35.13 P/E ratio. The Firm solutions encompassing software and online services include security, Personal Computer (PC) optimization, online privacy, cloud desktop management, mobile security, content filtering, remote monitoring and other products on various desktop and mobile operating systems.
The institutional sentiment decreased to 0.84 in 2015 Q3. Its down 0.64, from 1.48 in 2015Q2. The ratio dived, as 23 funds sold all AVG Technologies NV shares owned while 58 reduced positions. 18 funds bought stakes while 50 increased positions. They now own 48.12 million shares or 9.85% more from 43.80 million shares in 2015Q2.
Ta Associates L.P. holds 22.07% of its portfolio in AVG Technologies NV for 7.08 million shares. Trigran Investments Inc. owns 1.04 million shares or 7.09% of their US portfolio. Moreover, Herald Investment Management Ltd has 2.89% invested in the company for 300,000 shares. The Switzerland-based Partners Group Holding Ag has invested 1.57% in the stock. Matterhorn Capital Management Llc, a Texas-based fund reported 149,067 shares.
Out of 7 analysts covering AVG Tech (NYSE:AVG), 4 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. AVG Tech was the topic in 6 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Nomura maintained the stock on February 25 with “Buy” rating.
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