A Reversal for Axt Incorporated (NASDAQ:AXTI) Is Near. The Stock Has Decrease in Shorts

December 7, 2017 - By Adrian Mccoy

 A Reversal for Axt Incorporated (NASDAQ:AXTI) Is Near. The Stock Has Decrease in Shorts

Investors sentiment decreased to 1.49 in 2017 Q2. Its down 0.41, from 1.9 in 2017Q1. It dived, as 18 investors sold AXT, Inc. shares while 21 reduced holdings. 32 funds opened positions while 26 raised stakes. 23.77 million shares or 16.44% more from 20.41 million shares in 2017Q1 were reported.
Tci Wealth Incorporated accumulated 115 shares or 0% of the stock. Parametric Limited Liability Corporation reported 167,851 shares. Blackrock invested 0% of its portfolio in AXT, Inc. (NASDAQ:AXTI). Granite Point Cap Management Ltd Partnership holds 47,000 shares. Ancora Advsr reported 163,071 shares. Renaissance Technologies Llc reported 902,100 shares. Essex Investment Mgmt Co Limited Company accumulated 0.35% or 382,411 shares. Morgan Stanley accumulated 148,815 shares. Brandywine Global Investment Mngmt Ltd invested in 0% or 24,541 shares. Dimensional Fund Advsrs Ltd Partnership holds 2.88M shares. Tiaa Cref Mngmt Ltd Liability holds 0% in AXT, Inc. (NASDAQ:AXTI) or 100,552 shares. Oberweis Asset stated it has 273,130 shares. Schwab Charles Mngmt Incorporated stated it has 0% of its portfolio in AXT, Inc. (NASDAQ:AXTI). 23,118 are owned by Panagora Asset Mgmt. Voya Inv Mgmt Ltd Liability stated it has 15,801 shares or 0% of all its holdings.

The stock of Axt Incorporated (NASDAQ:AXTI) registered a decrease of 20.25% in short interest. AXTI’s total short interest was 1.49M shares in December as published by FINRA. Its down 20.25% from 1.87M shares, reported previously. With 368,600 shares average volume, it will take short sellers 4 days to cover their AXTI’s short positions. The short interest to Axt Incorporated’s float is 4.75%.

The stock increased 1.18% or $0.1 during the last trading session, reaching $8.55. About 475,395 shares traded or 2.79% up from the average. AXT, Inc. (NASDAQ:AXTI) has risen 115.17% since December 7, 2016 and is uptrending. It has outperformed by 98.47% the S&P500.

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company has market cap of $328.09 million. The firm makes its semiconductor substrates using its proprietary vertical gradient freeze technology. It has a 34.48 P/E ratio. It offers semi-insulating gallium with arsenic substrates, which are used for applications in power amplifiers for wireless devices, and transistors and solar cells for drones.

AXT, Inc. (NASDAQ:AXTI) Ratings Coverage

Among 7 analysts covering AXT Inc (NASDAQ:AXTI), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. AXT Inc had 14 analyst reports since December 9, 2015 according to SRatingsIntel. Needham maintained it with “Buy” rating and $11.0 target in Thursday, October 26 report. On Friday, June 16 the stock rating was maintained by Dougherty with “Buy”. The firm has “Buy” rating given on Thursday, October 26 by Northland Capital. As per Wednesday, September 6, the company rating was maintained by Northland Capital. Craig Hallum upgraded the shares of AXTI in report on Tuesday, May 3 to “Buy” rating. On Monday, February 13 the stock rating was initiated by Dougherty & Company with “Buy”. The rating was upgraded by B. Riley & Co to “Buy” on Wednesday, December 9. The stock has “Buy” rating by Needham on Thursday, October 27. The stock of AXT, Inc. (NASDAQ:AXTI) has “Neutral” rating given on Thursday, October 26 by B. Riley & Co. The stock of AXT, Inc. (NASDAQ:AXTI) has “Neutral” rating given on Friday, March 17 by B. Riley & Co.

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.