Neogen Corporation (NASDAQ:NEOG) Can’t Be Less Risky. Short Interest Decreased

March 22, 2018 - By Graig Alexander

 Neogen Corporation (NASDAQ:NEOG) Can't Be Less Risky. Short Interest Decreased

Investors sentiment increased to 1.48 in Q3 2017. Its up 0.43, from 1.05 in 2017Q2. It increased, as 10 investors sold Neogen Corporation shares while 53 reduced holdings. 31 funds opened positions while 62 raised stakes. 33.03 million shares or 0.90% more from 32.73 million shares in 2017Q2 were reported.
Proshare Advsrs Limited Liability holds 3,295 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa stated it has 20,008 shares. Suffolk Cap Limited Liability holds 10,592 shares or 0.11% of its portfolio. Pnc Fin Services Grp has 935,967 shares for 0.08% of their portfolio. Credit Suisse Ag stated it has 0% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Raymond James Financial Advisors holds 27,936 shares. Morgan Stanley reported 147,035 shares or 0% of all its holdings. Ny State Common Retirement Fund holds 842,747 shares or 0.08% of its portfolio. Rhumbline Advisers holds 0.01% or 75,611 shares in its portfolio. Los Angeles Cap Management And Equity Research reported 4,630 shares. Stifel Fincl has invested 0% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Stephens Group Inc Lc holds 1.33% or 741,682 shares. 251,513 are held by Loomis Sayles & Com Lp. California Pub Employees Retirement Sys, California-based fund reported 99,463 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 1,242 shares.

Since September 25, 2017, it had 0 insider buys, and 16 insider sales for $11.10 million activity. Quinlan Steven J. also sold $203,853 worth of Neogen Corporation (NASDAQ:NEOG) on Monday, September 25. HERBERT JAMES L sold $574,954 worth of Neogen Corporation (NASDAQ:NEOG) on Thursday, February 15. 11,398 Neogen Corporation (NASDAQ:NEOG) shares with value of $854,964 were sold by MORRICAL TERRI A. PAPESH G BRUCE sold $358,320 worth of Neogen Corporation (NASDAQ:NEOG) on Friday, January 26.

The stock of Neogen Corporation (NASDAQ:NEOG) registered a decrease of 1.66% in short interest. NEOG’s total short interest was 1.68M shares in March as published by FINRA. Its down 1.66% from 1.71M shares, reported previously. With 135,900 shares average volume, it will take short sellers 12 days to cover their NEOG’s short positions.

The stock decreased 2.73% or $1.77 during the last trading session, reaching $63.15. About 141,539 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 27.20% since March 22, 2017 and is uptrending. It has outperformed by 10.50% the S&P500.

Neogen Corporation, together with its subsidiaries, develops, makes, and markets various products for food and animal safety worldwide. The company has market cap of $3.25 billion. It operates through two divisions, Food Safety and Animal Safety. It has a 62.84 P/E ratio. The Food Safety segment primarily offers diagnostic test kits and complementary to detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns; and AccuPoint Advanced rapid sanitation test for adenosine triphosphate, a chemical found in living cells.

Neogen Corporation (NASDAQ:NEOG) Ratings Coverage

Among 4 analysts covering Neogen (NASDAQ:NEOG), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Neogen had 6 analyst reports since August 26, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 4 by Roth Capital. Zacks downgraded the stock to “Buy” rating in Wednesday, August 26 report. The company was downgraded on Tuesday, September 22 by Zacks. The firm has “Hold” rating by Craig Hallum given on Tuesday, December 22.

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