Will Calamp Corporation (NASDAQ:CAMP) Run Out of Steam Soon? Short Interest Is Down

September 17, 2017 - By Ellis Scott

 Will Calamp Corporation (NASDAQ:CAMP) Run Out of Steam Soon? Short Interest Is Down

Investors sentiment increased to 1.67 in Q4 2016. Its up 0.58, from 1.09 in 2016Q3. It improved, as 17 investors sold CalAmp Corp. shares while 28 reduced holdings. 21 funds opened positions while 54 raised stakes. 24.60 million shares or 6.55% more from 23.09 million shares in 2016Q3 were reported.
Renaissance Techs Ltd Liability Com stated it has 0.01% in CalAmp Corp. (NASDAQ:CAMP). Parkside Retail Bank And invested in 28 shares. Price T Rowe Associates Inc Md reported 35,800 shares stake. Credit Suisse Ag invested in 0% or 69,562 shares. Landscape Cap Mgmt Ltd Liability Corp reported 0.04% stake. Tcw Gru Inc reported 18,879 shares. Blackrock Investment Ltd Company has invested 0% in CalAmp Corp. (NASDAQ:CAMP). Alliancebernstein Limited Partnership invested 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). John G Ullman And Assoc reported 180,600 shares. Blackrock Grp Inc holds 66,711 shares. First Republic Investment Mngmt Inc owns 0% invested in CalAmp Corp. (NASDAQ:CAMP) for 17,400 shares. Voya Invest Management Ltd Liability Com reported 0.03% in CalAmp Corp. (NASDAQ:CAMP). Nationwide Fund Advsrs has 23,095 shares for 0% of their portfolio. State Of Alaska Department Of Revenue reported 3,920 shares stake. Aristotle Cap Boston Ltd Llc holds 0.73% in CalAmp Corp. (NASDAQ:CAMP) or 368,319 shares.

Since May 15, 2017, it had 0 buys, and 3 sales for $852,400 activity. 15,000 shares were sold by Burdiek Michael J, worth $285,000 on Thursday, June 1.

The stock of Calamp Corporation (NASDAQ:CAMP) registered a decrease of 6.32% in short interest. CAMP’s total short interest was 1.99 million shares in September as published by FINRA. Its down 6.32% from 2.12M shares, reported previously. With 184,100 shares average volume, it will take short sellers 11 days to cover their CAMP’s short positions. The short interest to Calamp Corporation’s float is 5.82%.

The stock increased 0.36% or $0.07 on September 15, reaching $19.36. About 420,936 shares traded or 85.86% up from the average. CalAmp Corp. (NASDAQ:CAMP) has risen 30.70% since September 17, 2016 and is uptrending. It has outperformed by 14.00% the S&P500.

CalAmp Corp. is a provider of wireless communications solutions for a range of applications to clients globally. The company has market cap of $685.28 million. The Firm operates through two business divisions: Wireless DataCom and Satellite. It currently has negative earnings. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage

Among 11 analysts covering CalAmp (NASDAQ:CAMP), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. CalAmp had 18 analyst reports since December 7, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $2300 target in Thursday, August 10 report. The rating was initiated by Macquarie Research with “Neutral” on Monday, October 31. The company was maintained on Tuesday, September 5 by Northland Capital. Northland Capital maintained the stock with “Outperform” rating in Tuesday, March 22 report. The rating was maintained by Canaccord Genuity on Wednesday, December 23 with “Buy”. The stock has “Buy” rating by Northland Capital on Monday, June 26. The stock has “Buy” rating by Craig Hallum on Wednesday, June 29. The firm earned “Buy” rating on Monday, May 9 by Sidoti. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Equal-Weight” rating by First Analysis on Friday, September 30. The firm has “Overweight” rating by First Analysis given on Monday, August 15.

More notable recent CalAmp Corp. (NASDAQ:CAMP) news were published by: Seekingalpha.com which released: “CalAmp: Has It Run Far Enough?” on June 15, 2017, also Fool.com with their article: “How CalAmp makes most of its money” published on April 12, 2017, Fool.com published: “5 Things CalAmp Corp. Management Wants You to Know” on January 17, 2017. More interesting news about CalAmp Corp. (NASDAQ:CAMP) were released by: Fool.com and their article: “Why CalAmp Corp. Shares Popped Today” published on April 19, 2017 as well as Fool.com‘s news article titled: “Here’s Why the Best is Yet to Come for CalAmp Corp.” with publication date: July 07, 2017.

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