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

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

Institutional Trading of Super Micro Computer

A number of large investors have recently bought and sold shares of the business. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $30,000. Trust Co. of Vermont raised its stake 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 valued at $30,000 after acquiring an additional 900 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Super Micro Computer during the 4th quarter worth approximately $43,000. Clean Yield Group acquired a new stake in Super Micro Computer during the 4th quarter worth approximately $46,000. Finally, Resources Management Corp CT ADV grew its stake in shares of Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI stock traded up $0.13 during trading hours on Thursday, hitting $31.12. The stock had a trading volume of 26,647,038 shares, compared to its average volume of 31,379,459. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market capitalization of $17.41 billion, a PE ratio of 15.62 and a beta of 1.31. The stock’s 50 day moving average is $32.35 and its 200 day moving average is $47.41. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SMCI shares. Wedbush reissued a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $66.89.

About Super Micro Computer

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.