Could Bel Fuse Inc – Class B (NASDAQ:BELFB) Go Up After Its Newest Short Interest Report?

May 17, 2018 - By Ash Ash

Bel Fuse Inc. (NASDAQ:BELFB) Logo

Investors sentiment decreased to 0.74 in 2017 Q4. Its down 0.71, from 1.45 in 2017Q3. It dived, as 12 investors sold Bel Fuse Inc. shares while 38 reduced holdings. 15 funds opened positions while 22 raised stakes. 7.17 million shares or 0.57% more from 7.13 million shares in 2017Q3 were reported.
Axa accumulated 33,528 shares. Ny State Teachers Retirement Systems owns 29,302 shares. Royal Bankshares Of Canada holds 0% or 34 shares. Panagora Asset Mgmt has 42,863 shares. Citigroup has 0% invested in Bel Fuse Inc. (NASDAQ:BELFB) for 22,397 shares. State Of Alaska Department Of Revenue holds 0% of its portfolio in Bel Fuse Inc. (NASDAQ:BELFB) for 1,961 shares. 8,280 were reported by Matarin Cap Mgmt Lc. Principal Financial Grp Inc holds 73,777 shares. Cim Invest Mangement holds 0.08% or 9,416 shares. Ls Investment Advsr Limited Liability Corp reported 351 shares stake. Arizona State Retirement System reported 16,571 shares or 0% of all its holdings. invested in 7,676 shares. Chicago Equity Ptnrs Ltd Co stated it has 0.03% of its portfolio in Bel Fuse Inc. (NASDAQ:BELFB). Cadence Capital Ltd Liability has invested 0.09% in Bel Fuse Inc. (NASDAQ:BELFB). 379,394 are owned by Lsv Asset Mngmt.

The stock of Bel Fuse Inc – Class B (NASDAQ:BELFB) registered an increase of 8.26% in short interest. BELFB’s total short interest was 184,800 shares in May as published by FINRA. Its up 8.26% from 170,700 shares, reported previously. With 20,000 shares average volume, it will take short sellers 9 days to cover their BELFB’s short positions. The short interest to Bel Fuse Inc – Class B’s float is 1.66%.

The stock increased 2.02% or $0.4 during the last trading session, reaching $20.25. About 7,478 shares traded. Bel Fuse Inc. (NASDAQ:BELFB) has declined 15.42% since May 17, 2017 and is downtrending. It has underperformed by 26.97% the S&P500.

Bel Fuse Inc. designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries worldwide. The company has market cap of $237.93 million. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components. It currently has negative earnings. The firm also provides power solutions and protection products comprising front-end power supplies; board-mount power products; industrial power products; module products; and circuit protection products.

More recent Bel Fuse Inc. (NASDAQ:BELFB) news were published by: Nasdaq.com which released: “Bel Reports First Quarter 2018 Results” on May 03, 2018. Also Seekingalpha.com published the news titled: “Bel Fuse’ (BELFB) CEO Dan Bernstein on Q1 2018 Results – Earnings Call Transcript” on May 05, 2018. Nasdaq.com‘s news article titled: “Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares” with publication date: May 16, 2018 was also an interesting one.

Bel Fuse Inc. (NASDAQ:BELFB) Institutional Positions Chart

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