(NASDAQ:SEV) shares saw light trading volume with 0 shares changing hands on Tuesday. Volume was down 100.00% under the stocks average daily volume.
Short traders are more bullish on Sevcon, Inc. recently if you consider the fall in short interest. The firm realized a fall in short interest of -2.32% as of September 15, 2017 from the last reporting period. Short shares decreased from 98,259 to 95,982 over that period. Days to cover increased from 10.0 to 28.0 and the short interest percentage is 0.02% as of September 15.
Here are a few substantial investment firms who have updated their positions. Blackrock Inc. cut its investment by selling 344 shares a decrease of 44.3% from 03/31/2017 to 06/30/2017. Blackrock Inc. currently owns 433 shares valued at $6,000. The value of the position overall is down by 45.5%. As of the end of the quarter Rathbone Brothers Plc had bought 24,000 shares growing its stake by 22.7%. The value of the investment in SEV went from $1,542,000 to $1,737,000 a change of 12.6% since the last quarter.
Tower Research Capital LLC (trc) trimmed its holdings by shedding 22 shares a decrease of 42.3%. Tower Research Capital LLC (trc) now controls 30 shares worth $0. The total value of its holdings decreased 100.0%. As of quarter end Teton Advisors, Inc. had disposed of a total of 96 shares trimming its holdings by 0.0%. The value of the total investment in Sevcon, Inc. decreased from $7,572,000 to $6,948,000 decreasing 8.2% for the reporting period.
The company is so far trading down by 0.14% since yesterday’s close of $21.97. It is currently trading at $21.97 slightly over the 50 day moving average which is $21.97 and which is quite a bit higher than the 200 day moving average of $17.06. The 50 day moving average was up $0.00 and the 200 day average went up $4.91 or +28.78%.
Sevcon, Inc., launched on November 23, 1987, designs and sells motor controllers for zero emission electric and hybrid vehicles (EVs), under the Sevcon name. The Business’s controls are used to vary the speed and movement of vehicles to integrate specialized functions and to optimize the energy consumption of the vehicle’s power source. The Company operates through three segments: electronic controls, capacitors and battery chargers. The electronic controls segment produces microprocessor-based control systems for zero emission and hybrid electric vehicles. The electronic controls segment produces special-metalized film capacitors for sale to electronic equipment manufacturers. The capacitor segment produces special-metalized film capacitors for sale to electronic equipment manufacturers. The capacitor segment has a plant, which is located at Wales. The battery chargers segment designs and manufactures battery chargers for electric vehicles. The battery chargers segment has a plant, which is located at Italy..