Could Noble Corporation (NYSE:NE) Go Down After Its Newest Short Interest Report?

July 17, 2017 - By test

 Could Noble Corporation (NYSE:NE) Go Down After Its Newest Short Interest Report?

Investors sentiment decreased to 0.8 in Q4 2016. Its down 0.05, from 0.85 in 2016Q3. It turned negative, as 51 investors sold Noble Corporation Ordinary Shares (UK) shares while 107 reduced holdings. 44 funds opened positions while 82 raised stakes. 219.40 million shares or 5.33% more from 208.29 million shares in 2016Q3 were reported.
Pnc Fincl Service Gru Inc has invested 0% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). The United Kingdom-based Barclays Public Lc has invested 0% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Oregon Pub Employees Retirement Fund, Oregon-based fund reported 84,184 shares. Jpmorgan Chase holds 0% of its portfolio in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 1.06 million shares. Point72 Asset Mngmt Limited Partnership invested 0.04% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Moreover, Acadian Asset Management Ltd has 0% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE). Moreover, Verition Fund Mgmt Ltd Liability Co has 0.04% invested in Noble Corporation Ordinary Shares (UK) (NYSE:NE) for 72,376 shares. Aberdeen Asset Mgmt Public Ltd Company Uk owns 65,555 shares for 0% of their portfolio. Apg Asset Nv has 2.16M shares for 0.02% of their portfolio. Alexandria Capital Limited Liability Corp owns 2 shares or 0% of their US portfolio. Point72 Asia (Hong Kong) reported 1,290 shares. Alliancebernstein L P invested 0% in Noble Corporation Ordinary Shares (UK) (NYSE:NE). 366,183 are held by Franklin Resource. Whittier Trust Commerce owns 610 shares. Kcg accumulated 109,549 shares.

The stock of Noble Corporation (NYSE:NE) registered a decrease of 10.57% in short interest. NE’s total short interest was 53.11 million shares in July as published by FINRA. Its down 10.57% from 59.38M shares, reported previously. With 10.35M shares average volume, it will take short sellers 5 days to cover their NE’s short positions. The short interest to Noble Corporation’s float is 23.32%.

About 5.34 million shares traded. Noble Corporation Ordinary Shares (UK) (NYSE:NE) has declined 46.66% since July 17, 2016 and is downtrending. It has underperformed by 63.36% the S&P500.

Noble Corporation Ordinary Shares (UK) (NYSE:NE) Ratings Coverage

Among 32 analysts covering Noble Corp PLC (NYSE:NE), 8 have Buy rating, 8 Sell and 16 Hold. Therefore 25% are positive. Noble Corp PLC had 71 analyst reports since July 31, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $700 target in Friday, June 30 report. On Monday, October 3 the stock rating was downgraded by Societe Generale to “Hold”. BMO Capital Markets maintained Noble Corporation Ordinary Shares (UK) (NYSE:NE) rating on Tuesday, July 11. BMO Capital Markets has “Sell” rating and $2.5000 target. The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) earned “Neutral” rating by Citigroup on Tuesday, October 20. The stock of Noble Corporation Ordinary Shares (UK) (NYSE:NE) earned “Hold” rating by Jefferies on Monday, April 4. Citigroup downgraded the stock to “Neutral” rating in Friday, June 16 report. Global Hunter Securities upgraded Noble Corporation Ordinary Shares (UK) (NYSE:NE) rating on Friday, August 21. Global Hunter Securities has “Buy” rating and $14 target. The rating was downgraded by Cowen & Co on Monday, January 11 to “Market Perform”. Bank of America upgraded the shares of NE in report on Friday, January 20 to “Neutral” rating. The firm earned “Neutral” rating on Friday, October 7 by Seaport Global Securities.

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