Super Micro Computer, Inc. (NASDAQ:SMCI) Short Interest Up 18.8% in January

Super Micro Computer, Inc. (NASDAQ:SMCI) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 91,660,000 shares, a growth of 18.8% from the January 15th total of 77,150,000 shares. Based on an average trading volume of 71,340,000 shares, the short-interest ratio is presently 1.3 days.

Super Micro Computer Stock Performance

Shares of SMCI traded up $5.63 during midday trading on Monday, reaching $47.91. 132,026,965 shares of the stock were exchanged, compared to its average volume of 35,788,788. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $33.59 and its 200 day simple moving average is $39.97. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The company has a market cap of $28.05 billion, a P/E ratio of 24.05 and a beta of 1.30.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of recent analyst reports. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. increased their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Loop Capital boosted their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $60.20.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC increased its holdings in shares of Super Micro Computer by 276.9% during the third quarter. Exchange Traded Concepts LLC now owns 1,779 shares of the company’s stock worth $741,000 after purchasing an additional 1,307 shares during the period. Creative Planning increased its stake in Super Micro Computer by 9.1% during the 3rd quarter. Creative Planning now owns 9,038 shares of the company’s stock worth $3,763,000 after acquiring an additional 755 shares during the period. Vontobel Holding Ltd. raised its holdings in Super Micro Computer by 165.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 4,568 shares of the company’s stock valued at $1,902,000 after acquiring an additional 2,847 shares in the last quarter. Good Life Advisors LLC lifted its position in shares of Super Micro Computer by 114.8% during the 3rd quarter. Good Life Advisors LLC now owns 1,366 shares of the company’s stock valued at $569,000 after acquiring an additional 730 shares during the period. Finally, Optimum Investment Advisors grew its holdings in shares of Super Micro Computer by 48.2% during the 3rd quarter. Optimum Investment Advisors now owns 1,718 shares of the company’s stock worth $715,000 after purchasing an additional 559 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

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.