After Reaching Milestone, Is Accuray Incorporated (NASDAQ:ARAY)’s Short Interest Revealing Something?

September 16, 2018 - By Margaret Downey

Accuray Incorporated (NASDAQ:ARAY) Logo

Investors sentiment decreased to 1.33 in Q2 2018. Its down 0.26, from 1.59 in 2018Q1. It is negative, as 14 investors sold Accuray Incorporated shares while 28 reduced holdings. 18 funds opened positions while 38 raised stakes. 65.75 million shares or 1.38% less from 66.67 million shares in 2018Q1 were reported.
The California-based Wells Fargo And Mn has invested 0% in Accuray Incorporated (NASDAQ:ARAY). 1.78M were reported by Lapides Asset Ltd. Swiss Bankshares, Switzerland-based fund reported 149,300 shares. Bancshares Of America De, North Carolina-based fund reported 216,507 shares. Systematic Management Ltd Partnership accumulated 0.03% or 259,555 shares. 2.42M are held by Boston Prns. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,427 shares or 0% of all its holdings. Partner Fund Mngmt L P owns 5.05 million shares. 11,822 are held by Two Sigma Limited Liability. Moreover, Adirondack Rech & Management has 0.7% invested in Accuray Incorporated (NASDAQ:ARAY) for 439,811 shares. The United Kingdom-based Barclays Pcl has invested 0% in Accuray Incorporated (NASDAQ:ARAY). Vident Inv Advisory Limited Liability Company has invested 0.35% in Accuray Incorporated (NASDAQ:ARAY). Legal And General Gru Inc Public Ltd Co reported 0% in Accuray Incorporated (NASDAQ:ARAY). Jacobs Levy Equity Management invested in 834,339 shares. Mackay Shields Ltd Company accumulated 264,500 shares or 0.01% of the stock.

Since April 3, 2018, it had 0 insider buys, and 7 insider sales for $330,107 activity. $139,508 worth of Accuray Incorporated (NASDAQ:ARAY) was sold by LEVINE JOSHUA on Tuesday, July 3. $31,296 worth of stock was sold by Kirkpatrick Andrew J on Tuesday, July 3. Waters Kevin sold $58,130 worth of stock or 14,265 shares.

The stock of Accuray Incorporated (NASDAQ:ARAY) registered an increase of 16.35% in short interest. ARAY’s total short interest was 5.08 million shares in September as published by FINRA. Its up 16.35% from 4.37 million shares, reported previously. With 578,300 shares average volume, it will take short sellers 9 days to cover their ARAY’s short positions. The short interest to Accuray Incorporated’s float is 6.94%.

It closed at $3.8 lastly. It is down 7.83% since September 16, 2017 and is downtrending. It has underperformed by 23.45% the S&P500.

Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. The company has market cap of $328.66 million. The firm offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body. It currently has negative earnings. The CyberKnife System automatically tracks, detects, and corrects for tumor and patient movement in real-time during the procedure, as well as enables the delivery of precise, high dose radiation while patients breathe normally.

Another recent and important Accuray Incorporated (NASDAQ:ARAY) news was published by which published an article titled: “Still Not Much Momentum At Accuray” on August 18, 2018.

Accuray Incorporated (NASDAQ:ARAY) Institutional Positions Chart

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