What Will Happen to Cree Inc (NASDAQ:CREE) Next? The Stock Has Increase in Shorts

Cree, Inc. (NASDAQ:CREE) Logo

Investors sentiment increased to 1.05 in 2018 Q2. Its up 0.16, from 0.89 in 2018Q1. It increased, as 27 investors sold Cree, Inc. shares while 76 reduced holdings. 32 funds opened positions while 76 raised stakes. 101.76 million shares or 0.16% less from 101.92 million shares in 2018Q1 were reported.
Gemmer Asset Management Ltd Company holds 0% of its portfolio in Cree, Inc. (NASDAQ:CREE) for 125 shares. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma invested 0% in Cree, Inc. (NASDAQ:CREE). Assetmark reported 80 shares. Cwm Limited Liability accumulated 0% or 27 shares. Architects owns 10,555 shares or 0.08% of their US portfolio. Vigilant Mngmt Limited Liability Company reported 689 shares. Amg Funds Ltd Liability invested in 0.9% or 34,239 shares. Maryland-based Price T Rowe Assoc Inc Md has invested 0% in Cree, Inc. (NASDAQ:CREE). Voya Inv Mgmt Ltd Liability reported 0% stake. Wells Fargo And Mn invested 0.01% of its portfolio in Cree, Inc. (NASDAQ:CREE). Boston Family Office Limited Liability has 0.09% invested in Cree, Inc. (NASDAQ:CREE). Credit Suisse Ag accumulated 101,312 shares. Tower Capital Ltd Llc (Trc) stated it has 2,905 shares. Bedell Frazier Investment Counseling Ltd Limited Liability Company owns 29,205 shares. Bnp Paribas Asset Mgmt Holdg has 0.02% invested in Cree, Inc. (NASDAQ:CREE) for 53,300 shares.

Since August 29, 2018, it had 0 buys, and 1 insider sale for $1.03 million activity.

The stock of Cree Inc (NASDAQ:CREE) registered an increase of 13.69% in short interest. CREE’s total short interest was 11.93M shares in December as published by FINRA. Its up 13.69% from 10.49M shares, reported previously. With 1.57 million shares average volume, it will take short sellers 8 days to cover their CREE’s short positions.

The stock increased 1.43% or $0.65 during the last trading session, reaching $45.97. About 4.10M shares traded or 136.61% up from the average. Cree, Inc. (NASDAQ:CREE) has risen 75.24% since December 7, 2017 and is uptrending. It has outperformed by 59.62% the S&P500.

Cree, Inc. provides lighting-class light emitting diode , lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company has market cap of $4.64 billion. The Company’s Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications. It currently has negative earnings. This segment sells its products to distributors, retailers, and customers.

Cree, Inc. (NASDAQ:CREE) Ratings Coverage

Among 7 analysts covering Cree (NASDAQ:CREE), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Cree had 11 analyst reports since June 27, 2018 according to SRatingsIntel. Canaccord Genuity maintained Cree, Inc. (NASDAQ:CREE) rating on Wednesday, August 15. Canaccord Genuity has “Buy” rating and $60 target. The firm has “Buy” rating given on Wednesday, October 17 by Canaccord Genuity. Roth Capital maintained Cree, Inc. (NASDAQ:CREE) on Wednesday, June 27 with “Hold” rating. The stock of Cree, Inc. (NASDAQ:CREE) has “Underweight” rating given on Friday, November 30 by JP Morgan. On Friday, November 9 the stock rating was upgraded by Goldman Sachs to “Buy”. Nomura maintained the stock with “Neutral” rating in Wednesday, October 17 report. On Tuesday, October 9 the stock rating was upgraded by JP Morgan to “Neutral”.

More notable recent Cree, Inc. (NASDAQ:CREE) news were published by: Nasdaq.com which released: “Notable Thursday Option Activity: CREE, TWLO, TRCO – Nasdaq” on November 29, 2018, also Benzinga.com with their article: “21 Stocks Moving In Friday’s Pre-Market Session – Benzinga” published on November 30, 2018, Schaeffersresearch.com published: “Options Traders React to GE Stock’s Big Bounce – Schaeffers Research” on November 13, 2018. More interesting news about Cree, Inc. (NASDAQ:CREE) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For November 30, 2018 – Benzinga” published on November 30, 2018 as well as Nasdaq.com‘s news article titled: “Global Semiconductor Sales Rise in October: 4 Stocks to Buy – Nasdaq” with publication date: December 06, 2018.

Cree, Inc. (NASDAQ:CREE) Institutional Positions Chart

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