Short Interest Worth Watching: Celestica Incorporated (NYSE:CLS) Just Reported Decreased Shorts

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January 6, 2017 – By Marie Mckinney   ·   0 Comments

The stock of Celestica Incorporated (NYSE:CLS) registered a decrease of 10.6% in short interest. CLS’s total short interest was 392,000 shares in January as published by FINRA. Its down 10.6% from 438,500 shares, reported previously. With 246,300 shares average volume, it will take short sellers 2 days to cover their CLS’s short positions. The short interest to Celestica Incorporated’s float is 0.33%. About 88,074 shares traded hands. Celestica Inc (NYSE:CLS) has risen 12.59% since June 2, 2016 and is uptrending. It has outperformed by 4.81% the S&P500.

Celestica Inc. is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The company has a market cap of $1.49 billion. The Firm operates in electronics manufacturing services business segment. It has a 13.78 P/E ratio. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

Celestica Inc (NYSE:CLS) Ratings Coverage

Out of 8 analysts covering Celestica (NYSE:CLS), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Celestica has been the topic of 12 analyst reports since October 21, 2015 according to StockzIntelligence Inc. The rating was initiated by B. Riley & Co with “Neutral” on Friday, December 4. The stock of Celestica Inc (NYSE:CLS) has “Buy” rating given on Friday, July 22 by Canaccord Genuity. On Wednesday, October 21 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Celestica Inc (NYSE:CLS) has “Neutral” rating given on Friday, July 29 by Macquarie Research. As per Friday, January 29, the company rating was upgraded by Howard Weil. The stock of Celestica Inc (NYSE:CLS) earned “Sector Perform” rating by RBC Capital Markets on Monday, January 18. On Friday, January 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Hold” rating on Tuesday, February 2 by TD Securities. The firm earned “Hold” rating on Friday, November 18 by Standpoint Research. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, October 30.

CLS Company Profile

Celestica Inc., incorporated on September 27, 1996, is a well-known provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Firm operates in electronics manufacturing services business segment. The Firm offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. The Company’s services and products serve a range of applications, including servers; networking and telecommunications equipment; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters.

More news for Celestica Inc (NYSE:CLS) were recently published by: Quotes.Wsj.com, which released: “Celestica Inc. CLS (US: NYSE)” on February 13, 2011. Seekingalpha.com‘s article titled: “Celestica: Strong Fundamentals But Is It Sustainable?” and published on May 04, 2016 is yet another important article.

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By Marie Mckinney

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