EMCORE Co. (NASDAQ:EMKR) Short Interest Update

EMCORE Co. (NASDAQ:EMKR) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 52,900 shares, a growth of 55.1% from the March 31st total of 34,100 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 121,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of EMCORE

Institutional investors and hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC raised its holdings in EMCORE by 100.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 200,000 shares of the semiconductor company’s stock valued at $95,000 after acquiring an additional 100,000 shares during the last quarter. Kovack Advisors Inc. lifted its position in EMCORE by 10.3% during the first quarter. Kovack Advisors Inc. now owns 887,400 shares of the semiconductor company’s stock worth $306,000 after buying an additional 83,100 shares in the last quarter. Manatuck Hill Partners LLC purchased a new position in EMCORE during the third quarter worth approximately $904,000. Herald Investment Management Ltd acquired a new position in EMCORE during the third quarter worth $950,000. Finally, Perkins Capital Management Inc. boosted its stake in EMCORE by 181.6% during the third quarter. Perkins Capital Management Inc. now owns 2,326,000 shares of the semiconductor company’s stock worth $1,106,000 after buying an additional 1,500,000 shares during the last quarter. Hedge funds and other institutional investors own 65.66% of the company’s stock.

EMCORE Trading Down 6.8 %

Shares of EMKR stock traded down $0.20 on Friday, reaching $2.73. 188,282 shares of the company were exchanged, compared to its average volume of 179,266. The business has a 50-day moving average price of $26.62 and a 200 day moving average price of $40.25. The company has a quick ratio of 1.95, a current ratio of 3.11 and a debt-to-equity ratio of 0.10. EMCORE has a 1 year low of $2.44 and a 1 year high of $11.41.

EMCORE (NASDAQ:EMKR) last released its earnings results on Thursday, February 8th. The semiconductor company reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.10. The business had revenue of $24.12 million during the quarter, compared to analysts’ expectations of $27.00 million. EMCORE had a negative net margin of 67.43% and a negative return on equity of 26.76%. On average, research analysts forecast that EMCORE will post -1.8 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of EMCORE in a report on Monday, April 8th. They issued a “hold” rating for the company.

EMCORE Company Profile

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems.