Xcerra Corporation (XCRA) Short Interest Update

Xcerra Corporation (NASDAQ:XCRA) was the recipient of a large growth in short interest during the month of July. As of July 14th, there was short interest totalling 1,347,650 shares, a growth of 34.3% from the June 30th total of 1,003,712 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 379,222 shares, the days-to-cover ratio is currently 3.6 days.

A number of research analysts recently weighed in on the company. B. Riley reissued a “neutral” rating and set a $10.25 target price on shares of Xcerra Corporation in a report on Friday, May 19th. BidaskClub lowered Xcerra Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Stifel Nicolaus lowered Xcerra Corporation from a “buy” rating to a “hold” rating and upped their price objective for the company from $10.00 to $10.25 in a report on Monday, May 15th. Finally, Zacks Investment Research downgraded Xcerra Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.20.

Xcerra Corporation (NASDAQ XCRA) opened at 9.51 on Friday. Xcerra Corporation has a one year low of $5.14 and a one year high of $10.01. The firm has a market cap of $516.08 million, a PE ratio of 29.72 and a beta of 1.59. The firm has a 50-day moving average price of $9.61 and a 200-day moving average price of $9.30.

Xcerra Corporation (NASDAQ:XCRA) last posted its quarterly earnings results on Thursday, June 1st. The semiconductor company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm had revenue of $103.64 million during the quarter, compared to the consensus estimate of $97.10 million. Xcerra Corporation had a net margin of 4.86% and a return on equity of 6.63%. On average, equities analysts expect that Xcerra Corporation will post $0.43 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of XCRA. Principal Financial Group Inc. acquired a new position in shares of Xcerra Corporation during the second quarter valued at about $106,000. Sensato Investors LLC purchased a new position in Xcerra Corporation during the first quarter valued at about $110,000. FNY Partners Fund LP purchased a new position in Xcerra Corporation during the first quarter valued at about $120,000. PEAK6 Investments L.P. purchased a new position in Xcerra Corporation during the first quarter valued at about $121,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Xcerra Corporation during the first quarter valued at about $127,000. 79.02% of the stock is currently owned by institutional investors.

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Xcerra Corporation Company Profile

Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures.

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