Is Buying Altair Engineering Inc – Class A (NASDAQ:ALTR), Having Lower Short Interest a Winning Strategy?

March 16, 2018 - By Stephen Andrade

 Is Buying Altair Engineering Inc   Class A (NASDAQ:ALTR), Having Lower Short Interest a Winning Strategy?

The stock of Altair Engineering Inc – Class A (NASDAQ:ALTR) registered a decrease of 7.92% in short interest. ALTR’s total short interest was 533,500 shares in March as published by FINRA. Its down 7.92% from 579,400 shares, reported previously. With 210,900 shares average volume, it will take short sellers 3 days to cover their ALTR’s short positions. The short interest to Altair Engineering Inc – Class A’s float is 2.57%.

The stock decreased 4.32% or $1.273 during the last trading session, reaching $28.227. About 120,424 shares traded. Altair Engineering Inc. (NASDAQ:ALTR) has 0.00% since March 16, 2017 and is . It has underperformed by 16.70% the S&P500.

Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. The company has market cap of $1.78 billion. The Company’s integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. It currently has negative earnings. The firm also offers client engineering services to support clients with long-term ongoing product design and development services, as well as consulting, training, and support services.

Altair Engineering Inc. (NASDAQ:ALTR) Ratings Coverage

Among 10 analysts covering Altera (NASDAQ:ALTR), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Altera had 11 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Friday, July 24 by Northland Capital. The company was upgraded on Thursday, September 3 by Vetr. On Monday, November 27 the stock rating was initiated by J.P. Morgan with “Hold”.

More notable recent Altair Engineering Inc. (NASDAQ:ALTR) news were published by: which released: “Altair to Present at Berenberg Design Software Conference” on February 28, 2018, also with their article: “Altair to Announce Fourth Quarter and Full Year 2017 Financial Results on …” published on March 06, 2018, published: “Altair Engineering: Uninspired Results” on December 05, 2017. More interesting news about Altair Engineering Inc. (NASDAQ:ALTR) were released by: and their article: “Altair Engineering Soars In IPO, Little Upside Remains” published on November 06, 2017 as well as‘s news article titled: “Altair Engineering Inc. Announces Pricing of Initial Public Offering” with publication date: November 01, 2017.

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