Zagg Inc (NASDAQ:ZAGG) Shorted Shares Reduced By 14.55%

June 29, 2018 - By Glen Chin

ZAGG Inc (NASDAQ:ZAGG) Corporate Logo

During Q1 2018 the big money sentiment decreased to 1.16. That’s change of 0.22, from 2017Q4’s 1.38. 23 investors sold all, 38 reduced holdings as ZAGG Inc ratio is negative. 45 rose positions while 26 funds took positions. Funds hold 23.24 million shares thus 8.83% more from 2017Q4’s 21.35 million shares.
Thompson Davis Co reported 369 shs. Morgan Stanley holds 0% or 467,488 shs. Assetmark holds 0% or 29 shs in its capital. Products Prtnrs Ltd reported 0.01% stake. Perritt Mngmt Inc stated it has 90,800 shs or 0.39% of all its holdings. 29,539 are owned by Balyasny Asset Mgmt Limited Liability Corp. Barclays Public Limited Com holds 0% or 21,197 shs in its capital. Moreover, Financial Bank Of Ny Mellon has 0% invested in ZAGG Inc (NASDAQ:ZAGG). Tudor Invest Et Al reported 70,008 shs stake. Spark Inv Limited Liability accumulated 248,100 shs. Menta Capital Limited Liability owns 25,400 shs for 0.07% of their capital. Goldman Sachs Gru invested 0% in ZAGG Inc (NASDAQ:ZAGG). Gsa Ptnrs Limited Liability Partnership holds 220,324 shs. Alliancebernstein Ltd Partnership owns 21,300 shs for 0% of their capital. Walleye Trading Ltd Liability accumulated 4,879 shs.

ZAGG Inc registered $575,469 net activity with 0 insider purchases and 2 sales since May 11, 2018. On Friday, May 11 a trade for 18,594 shs valued at $269,412 was made by LARABEE CHERYL A.

Change of 14.55% for Zagg Inc (NASDAQ:ZAGG)’s short interest was recorded. It was issued in June by FINRA the 1.37M short interest on ZAGG. That’s 14.55% down from 1.61M shares. Zagg Inc (NASDAQ:ZAGG) has 219,400 shares average volume. It’ll cost 6 days for ZAGG to recover its previous position. 5.14% is Zagg Inc float short.

The stock decreased 3.02% or $0.525 during the last trading session, hitting $16.875.Currently ZAGG Inc is uptrending after 87.12% change in last June 29, 2017. ZAGG has also 210,903 shares volume. ZAGG outperformed the S&P500 by 74.55%.

ZAGG Inc, together with its subsidiaries, designs, makes, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally.The firm is worth $478.25 million. The firm operates through ZAGG and mophie divisions.The P/E ratio is 17.15. It offers screen protection products; battery cases and power management products for tablets, smartphones, MP3 players, cameras, and other electronic mobile devices; device specific keyboards and device agnostic keyboards; earbuds, headphones, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.

ZAGG Inc (NASDAQ:ZAGG) Ratings Coverage

In total 6 analysts cover Zagg Inc (NASDAQ:ZAGG). “Buy” rating has 4, “Sell” are 0, while 2 are “Hold”. (NASDAQ:ZAGG) has 67% bullish analysts. 7 are the (NASDAQ:ZAGG)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. In Wednesday, January 3 report Craig Hallum maintained the stock with “Buy” rating. In Wednesday, January 17 report FBR Capital maintained the stock with “Buy” rating. The stock rating was maintained by Craig Hallum with “Buy” on Thursday, March 8. On Thursday, March 8 Northland Capital maintained the shares of ZAGG in report with “Buy” rating. On Monday, March 5 Roth Capital maintained the shares of ZAGG in report with “Hold” rating. On Thursday, March 8 the company was downgraded by B. Riley & Co.

A couple more ZAGG Inc (NASDAQ:ZAGG) news were announced by: Globenewswire.com which released on June 26, 2018 “ZAGG Introduces the Nomad Book and Messenger Folio Keyboards”, also Seekingalpha.com on June 13, 2018 announced “I Think The Street Is Underestimating Zagg’s Potential Zip”, the next Investorplace.com is “Top 10 Stocks Under $20” on June 26, 2018. Globenewswire.com has article titled “Recent Analysis Shows Enel Américas, ZAGG, DCT Industrial Trust, Community Healthcare Trust, Wabash National …”.

ZAGG Inc (NASDAQ:ZAGG) Institutional Investors Chart

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