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What Will Happen to Exfo Incorporated (NASDAQ:EXFO) Next? The Stock Has Increase in Shorts

December 11, 2017 - By Migdalia James

 What Will Happen to Exfo Incorporated (NASDAQ:EXFO) Next? The Stock Has Increase in Shorts

The stock of Exfo Incorporated (NASDAQ:EXFO) registered an increase of 21.86% in short interest. EXFO’s total short interest was 22,300 shares in December as published by FINRA. Its up 21.86% from 18,300 shares, reported previously. With 38,300 shares average volume, it will take short sellers 1 days to cover their EXFO’s short positions. The short interest to Exfo Incorporated’s float is 0.12%.

The stock increased 3.57% or $0.15 during the last trading session, reaching $4.35. About 2,410 shares traded. EXFO Inc (NASDAQ:EXFO) has risen 19.54% since December 11, 2016 and is uptrending. It has outperformed by 2.84% the S&P500.

EXFO Inc. designs, manufactures, and markets test, service assurance, and analytics solutions for fixed and mobile network operators, communications service providers, Web-scale operators, and network equipment manufacturers in the telecommunications industry worldwide. The company has market cap of $237.88 million. It offers field-test platforms, including FTB-1 Pro platform, a single-slot modular platform for optic, copper, Ethernet, and multiservice testing applications; FTB-2 Pro platform that hosts two single-slot test modules; and FTB-500 platform for datacom testing, optical time domain reflectometer analysis, optical loss, Ethernet, and multiservice transport testing. It has a 271.87 P/E ratio. The firm also provides wireless test equipment comprising 2G, 3G, and 4G/long-term evolution network simulators; and wireline/wireless service assurance systems, including The EXFO Worx System, a hardware and software solution that delivers service monitoring for IP networks.

EXFO Inc (NASDAQ:EXFO) Ratings Coverage

Among 6 analysts covering EXFO (NASDAQ:EXFO), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. EXFO had 17 analyst reports since September 9, 2015 according to SRatingsIntel. Canaccord Genuity maintained EXFO Inc (NASDAQ:EXFO) on Friday, June 30 with “Hold” rating. The stock of EXFO Inc (NASDAQ:EXFO) has “Sector Perform” rating given on Thursday, January 7 by National Bank Canada. On Friday, June 30 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Friday, October 13, the company rating was maintained by Canaccord Genuity. On Thursday, January 7 the stock rating was upgraded by IBC to “Sector Perform”. The firm earned “Sector Perform” rating on Monday, October 5 by RBC Capital Markets. The stock of EXFO Inc (NASDAQ:EXFO) has “Hold” rating given on Thursday, October 12 by BMO Capital Markets. The rating was maintained by BMO Capital Markets on Thursday, August 31 with “Hold”. Northland Capital initiated the stock with “Outperform” rating in Wednesday, September 9 report. The stock has “Hold” rating by BMO Capital Markets on Thursday, June 29.

More recent EXFO Inc (NASDAQ:EXFO) news were published by: which released: “EXFO announces the filing of a voluntary tender offer for Astellia’s shares” on November 28, 2017. Also published the news titled: “EXFO, Inc. (EXFO) Reports Agreement to Acquire Yenista Optics” on September 07, 2017.‘s news article titled: “3 Stocks to Watch on Friday: Baxter International Inc (BAX), Exfo Inc (EXFO …” with publication date: October 13, 2017 was also an interesting one.

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