What Next for Enphase Energy Inc (NASDAQ:ENPH) Stock After Increase in Shorted Shares?

May 26, 2018 - By Adrian Erickson

Enphase Energy, Inc. (NASDAQ:ENPH) Logo

Investors sentiment increased to 3.17 in Q4 2017. Its up 2.37, from 0.8 in 2017Q3. It is positive, as 3 investors sold Enphase Energy, Inc. shares while 9 reduced holdings. 28 funds opened positions while 10 raised stakes. 33.84 million shares or 151.70% more from 13.44 million shares in 2017Q3 were reported.
Boothbay Fund Mgmt Ltd Company has 0.02% invested in Enphase Energy, Inc. (NASDAQ:ENPH) for 52,564 shares. Bancshares Of America Corporation De invested in 31,210 shares. Spark Limited Liability Company accumulated 155,900 shares or 0.02% of the stock. Tinicum Inc holds 0.56% or 763,500 shares in its portfolio. Electron Cap Prns Limited accumulated 4.24M shares or 1.72% of the stock. New York-based Engineers Gate Manager L P has invested 0.02% in Enphase Energy, Inc. (NASDAQ:ENPH). Wasatch Advsr, a Utah-based fund reported 250,000 shares. Jacobs Levy Equity Management has 91,575 shares for 0% of their portfolio. 21,000 are owned by White Pine Lc. Bridgeway Cap Mngmt stated it has 340,200 shares or 0.01% of all its holdings. Goldman Sachs Group holds 0% in Enphase Energy, Inc. (NASDAQ:ENPH) or 52,950 shares. Renaissance Techs Limited Company owns 125,400 shares for 0% of their portfolio. State Street Corporation reported 0% of its portfolio in Enphase Energy, Inc. (NASDAQ:ENPH). Old West Management Ltd Company invested in 2.44% or 1.78M shares. Raymond James Financial Services Advisors Incorporated has 0% invested in Enphase Energy, Inc. (NASDAQ:ENPH).

Since February 15, 2018, it had 1 buy, and 2 sales for $212,757 activity. On Thursday, February 15 the insider Garcia Humberto sold $45,031. The insider Weber John Howard sold 77,551 shares worth $300,526.

The stock of Enphase Energy Inc (NASDAQ:ENPH) registered an increase of 3.4% in short interest. ENPH’s total short interest was 9.89 million shares in May as published by FINRA. Its up 3.4% from 9.56 million shares, reported previously. With 1.66 million shares average volume, it will take short sellers 6 days to cover their ENPH’s short positions. The short interest to Enphase Energy Inc’s float is 15.32%.

The stock decreased 3.28% or $0.19 during the last trading session, reaching $5.61. About 1.77 million shares traded. Enphase Energy, Inc. (NASDAQ:ENPH) has risen 309.68% since May 26, 2017 and is uptrending. It has outperformed by 298.13% the S&P500.

Enphase Energy, Inc., together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company has market cap of $543.32 million. The companyÂ’s semiconductor microinverter system converts direct current electricity to alternating current electricity at the individual solar module level. It currently has negative earnings. It also offers energy storage systems, including its AC battery; and energy monitoring and control services.

Enphase Energy, Inc. (NASDAQ:ENPH) Ratings Coverage

Among 6 analysts covering Enphase Energy (NASDAQ:ENPH), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enphase Energy has $8 highest and $2.4 lowest target. $6.25’s average target is 11.41% above currents $5.61 stock price. Enphase Energy had 10 analyst reports since February 23, 2018 according to SRatingsIntel. The stock has “Hold” rating by Roth Capital on Friday, February 23. On Monday, March 26 the stock rating was initiated by FBR Capital with “Buy”. The firm has “Buy” rating by Roth Capital given on Wednesday, February 28. Roth Capital maintained it with “Buy” rating and $600 target in Monday, April 16 report. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) has “Outperform” rating given on Wednesday, May 2 by Oppenheimer. The rating was maintained by Roth Capital with “Buy” on Thursday, March 22. The company was maintained on Tuesday, April 24 by Cowen & Co. The stock of Enphase Energy, Inc. (NASDAQ:ENPH) has “Buy” rating given on Wednesday, April 4 by Roth Capital.

More news for Enphase Energy, Inc. (NASDAQ:ENPH) were recently published by: Seekingalpha.com, which released: “Enphase Energy On The Rise” on May 14, 2018. Globenewswire.com‘s article titled: “Enphase Energy Announces Chief Financial Officer Resignation” and published on May 01, 2018 is yet another important article.

Enphase Energy, Inc. (NASDAQ:ENPH) Institutional Positions Chart

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