Today Avnet Inc (NASDAQ:AVT) Reported Decrease in Shorted Shares

May 17, 2018 - By Darrin Black

Avnet, Inc. (NASDAQ:AVT) Logo

Investors sentiment increased to 1.16 in 2017 Q4. Its up 0.17, from 0.99 in 2017Q3. It improved, as 29 investors sold Avnet, Inc. shares while 100 reduced holdings. 53 funds opened positions while 97 raised stakes. 110.65 million shares or 1.73% less from 112.60 million shares in 2017Q3 were reported.
457,521 are owned by D E Shaw Communications. Alphamark Advsr Llc reported 50 shares. The United Kingdom-based Legal General Gru Plc has invested 0.02% in Avnet, Inc. (NASDAQ:AVT). Hightower Advsrs Ltd owns 6,251 shares or 0% of their US portfolio. State Street reported 5.47M shares or 0.02% of all its holdings. Guggenheim Cap Ltd Limited Liability Company invested in 197,789 shares. Advisory Research reported 0.7% stake. 41,389 were reported by Federated Invsts Pa. Pictet Asset Mgmt stated it has 0.01% in Avnet, Inc. (NASDAQ:AVT). Westpac Bk Corporation invested in 49,742 shares or 0.04% of the stock. Gam Hldgs Ag has invested 0.1% of its portfolio in Avnet, Inc. (NASDAQ:AVT). 80,000 were accumulated by Schwartz Inv Counsel. 2.99 million are held by Artisan Prtn Limited Partnership. Riverhead Cap Ltd Llc accumulated 6,102 shares. Liberty Mutual Gru Asset Mgmt holds 0.04% or 31,240 shares in its portfolio.

Since February 13, 2018, it had 0 insider buys, and 2 sales for $661,716 activity. Summers Kevin V sold $61,452 worth of stock or 1,511 shares.

The stock of Avnet Inc (NASDAQ:AVT) registered a decrease of 24.51% in short interest. AVT’s total short interest was 4.26M shares in May as published by FINRA. Its down 24.51% from 5.64M shares, reported previously. With 998,300 shares average volume, it will take short sellers 4 days to cover their AVT’s short positions. The short interest to Avnet Inc’s float is 3.55%.

The stock increased 0.62% or $0.24 during the last trading session, reaching $39.17. About 60,204 shares traded. Avnet, Inc. (NASDAQ:AVT) has declined 6.72% since May 17, 2017 and is downtrending. It has underperformed by 18.27% the S&P500.

Avnet, Inc., together with its subsidiaries, distributes electronic components worldwide. The company has market cap of $4.62 billion. The firm operates through two divisions, Electronic Components and Premier Farnell. It has a 10.7 P/E ratio. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.

More important recent Avnet, Inc. (NASDAQ:AVT) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018, also Benzinga.com published article titled: “Goldman Presses Sell Button On Avnet On Incremental Risk To Semi Cycle”, Businesswire.com published: “Avnet Showcases Connected Ecosystem at IoT World 2018” on May 14, 2018. More interesting news about Avnet, Inc. (NASDAQ:AVT) was released by: Streetinsider.com and their article: “Goldman Sachs Downgrades Avnet (AVT) to Sell” with publication date: May 16, 2018.

Avnet, Inc. (NASDAQ:AVT) Institutional Positions Chart

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