Investors are a little more bullish on shares of Channeladvisor Corp lately if you take a look at the decrease in short interest. The company realized a fall in short interest of -8.18% as of October 31, 2017 from the last reporting period. Short interest decreased 20,599 over that period. The days to cover decreased to 4.0 and the percentage of shorted shares is 0.01% as of October 31.
Here is a rundown on some insider market activity for Channeladvisor Corp (NYSE:ECOM). Executive Chairman M. Scot Wingo sold 15,000 shares at an average price of $12.04 on Tue the 17th. That brings Wingo’s holdings to $9,546,468 as recorded in a recent Form 4 SEC filing.
These firms have modified their investment in ECOM. Wells Fargo & Company/mn added to its investment by buying 614 shares an increase of 5,581.8% in the quarter. Wells Fargo & Company/mn now holds 625 shares valued at $7,000. The value of the position overall is up by inf%. American International Group Inc grew its holdings by buying 1,270 shares an increase of 8.1% from 06/30/2017 to 09/30/2017. American International Group Inc now controls 16,989 shares with a value of $195,000. The total value of its holdings increased 7.1%.
As of quarter end Citigroup Inc had disposed of a total of 89 shares trimming its holdings by 18.8%. The value in dollars decreased from $5,000 to $4,000 decreasing 20.0% quarter to quarter. As of the end of the quarter California State Teachers Retirement System had sold 4,488 shares trimming its position 10.0%. The value of the company’s investment in Channeladvisor Corp went from $518,000 to $464,000 a change of 10.4% for the reporting period.
November 3 investment analysts at Stifel Nicolaus left the company rating at “Buy” with a current price target of $13.00. On November 1 Needham & Company LLC kept the company rating at “Buy” projecting a price of $18.00.
On September 22 analysts at DA Davidson issued a report on ECOM giving it an initial rating of “Neutral”. On September 17 Needham & Company LLC made no change to the stock rating of “Buy” targeting a price of $18.00.
August 25 investment analysts at KeyCorp kept a “Hold” rating on the company.
The company is down since yesterday’s close of 8.45. Channeladvisor Corp currently has a P/E ratio of N/A and the market value is 223.19M. In the latest earnings report the EPS was $-0.39 with 26.57M shares outstanding.
Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Business’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Business’s platform enable its customers to connect with new and existing sources of demand for their products, including electronic-commerce (e-commerce) marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest. Its suite of solutions provides customers with a single, integrated user interface to manage their product listings, inventory availability, pricing optimization, search terms, data analytics and other functions..