Short Interest in Super Micro Computer, Inc. (NASDAQ:SMCI) Decreases By 13.8%

Super Micro Computer, Inc. (NASDAQ:SMCI) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 78,960,000 shares, a decrease of 13.8% from the December 15th total of 91,570,000 shares. Based on an average trading volume of 76,450,000 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Super Micro Computer

Hedge funds have recently bought and sold shares of the company. Prairiewood Capital LLC purchased a new stake in Super Micro Computer during the fourth quarter worth about $457,000. Diversify Advisory Services LLC acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $5,113,000. Annex Advisory Services LLC purchased a new stake in Super Micro Computer during the 4th quarter worth approximately $6,708,000. Lbmc Investment Advisors LLC acquired a new stake in Super Micro Computer during the 4th quarter worth approximately $344,000. Finally, Trust Co. of Vermont lifted its holdings in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Up 0.4 %

NASDAQ:SMCI traded up $0.13 during trading hours on Thursday, reaching $31.12. 26,647,038 shares of the stock were exchanged, compared to its average volume of 31,379,459. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The business has a 50-day moving average of $32.35 and a two-hundred day moving average of $47.41. The company has a market capitalization of $17.41 billion, a price-to-earnings ratio of 15.62 and a beta of 1.31. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

Several research firms have recently weighed in on SMCI. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their target price for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Barclays dropped their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Finally, Loop Capital reduced their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.