Sierra Wireless Inc (NASDAQ:SWIR)’s Stock Is Sell After More Market Selling

May 18, 2018 - By Duane Lopez

Sierra Wireless, Inc. (NASDAQ:SWIR) Logo

The stock of Sierra Wireless Inc (NASDAQ:SWIR) registered an increase of 21.29% in short interest. SWIR’s total short interest was 944,000 shares in May as published by FINRA. Its up 21.29% from 778,300 shares, reported previously. With 245,600 shares average volume, it will take short sellers 4 days to cover their SWIR’s short positions. The short interest to Sierra Wireless Inc’s float is 3%.

The stock decreased 0.84% or $0.15 during the last trading session, reaching $17.8. About 54,612 shares traded. Sierra Wireless, Inc. (NASDAQ:SWIR) has declined 38.99% since May 18, 2017 and is downtrending. It has underperformed by 50.54% the S&P500.

Sierra Wireless, Inc., together with its subsidiaries, engages in building the Internet of Things with intelligent wireless solutions in North America, Europe, and the Asia Pacific. The company has market cap of $638.50 million. It operates in three divisions: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services. It currently has negative earnings. The OEM Solutions segment offers embedded cellular modules, short range wireless modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; and Legato, an open source, Linux application framework.

Sierra Wireless, Inc. (NASDAQ:SWIR) Ratings Coverage

Among 7 analysts covering Sierra Wireless (NASDAQ:SWIR), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Sierra Wireless had 9 analyst reports since November 27, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 8 by Canaccord Genuity. The rating was maintained by BMO Capital Markets on Friday, February 9 with “Hold”. On Monday, November 27 the stock rating was upgraded by Raymond James to “Buy”. On Tuesday, March 27 the stock rating was upgraded by Roth Capital to “Buy”. The firm has “Hold” rating given on Friday, February 9 by Scotia Capital. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, February 6.

More recent Sierra Wireless, Inc. (NASDAQ:SWIR) news were published by: Businesswire.com which released: “Sierra Wireless to Report First Quarter 2018 Results on May 3, 2018” on April 25, 2018. Also Seekingalpha.com published the news titled: “Sierra Wireless beats with double-digit revenue gain” on May 03, 2018. Businesswire.com‘s news article titled: “Sierra Wireless to Participate in Jefferies 2018 Technology Conference” with publication date: May 07, 2018 was also an interesting one.

Sierra Wireless, Inc. (NASDAQ:SWIR) Ratings Chart

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