What’s Ahead for Addvantage Technologies Group Inc (NASDAQ:AEY) After Less Shorted Shares?

April 17, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.75 in Q4 2017. Its down 0.58, from 2.33 in 2017Q3. It turned negative, as 2 investors sold ADDvantage Technologies Group, Inc. shares while 2 reduced holdings. 5 funds opened positions while 2 raised stakes. 758,658 shares or 6.43% more from 712,800 shares in 2017Q3 were reported.
Tower Rech Cap Ltd Com (Trc) has invested 0% in ADDvantage Technologies Group, Inc. (NASDAQ:AEY). Vanguard Grp owns 0% invested in ADDvantage Technologies Group, Inc. (NASDAQ:AEY) for 77,383 shares. 222,000 are held by Renaissance Technologies. Morgan Stanley holds 5,355 shares. Creative Planning accumulated 109,127 shares. Susquehanna Limited Liability Partnership reported 13,834 shares. Royal State Bank Of Canada holds 7 shares. Geode Capital Ltd Liability Corporation has 11,928 shares for 0% of their portfolio. Two Sigma Securities Limited Liability Co holds 0% or 46,691 shares in its portfolio. Moreover, Blackrock has 0% invested in ADDvantage Technologies Group, Inc. (NASDAQ:AEY). Virtu Financial Limited Co accumulated 14,075 shares or 0% of the stock. Dimensional Fund Advsr L P has 0% invested in ADDvantage Technologies Group, Inc. (NASDAQ:AEY). 18,600 were reported by California Employees Retirement Sys.

The stock of Addvantage Technologies Group Inc (NASDAQ:AEY) registered a decrease of 59.23% in short interest. AEY’s total short interest was 5,300 shares in April as published by FINRA. Its down 59.23% from 13,000 shares, reported previously. With 13,300 shares average volume, it will take short sellers 0 days to cover their AEY’s short positions. The short interest to Addvantage Technologies Group Inc’s float is 0.11%.

It closed at $1.23 lastly. It is down 33.33% since April 17, 2017 and is downtrending. It has underperformed by 44.88% the S&P500.

ADDvantage Technologies Group, Inc. distributes and services electronics and hardware for the cable television and telecommunication industries worldwide. The company has market cap of $12.58 million. The companyÂ’s Cable Television segment provides cable television equipment for use in connection with video, telephone, and Internet data signals. It currently has negative earnings. It offers headend products, such as satellite receivers, integrated receivers/decoders, demodulators, modulators, antennas and antenna mounts, amplifiers, equalizers, and processors for signal acquisition, processing, and manipulation for further transmission; and fiber products, including optical transmitters, fiber-optic cables, receivers, couplers, splitters, and compatible accessories.

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