Ciber Inc. (CBR) Short Interest Update
Ciber Inc. (NYSE:CBR) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 2,065,817 shares, a growth of 41.6% from the September 15th total of 1,458,664 shares. Based on an average daily volume of 402,228 shares, the days-to-cover ratio is currently 5.1 days. Approximately 2.8% of the company’s shares are short sold.
A number of large investors have recently added to or reduced their stakes in CBR. JPMorgan Chase & Co. bought a new stake in Ciber during the second quarter worth approximately $109,000. Alpine Partners VI LLC bought a new stake in Ciber during the second quarter worth approximately $156,000. A.R.T. Advisors LLC bought a new stake in Ciber during the second quarter worth approximately $195,000. Prudential Financial Inc. raised its stake in Ciber by 3.8% in the first quarter. Prudential Financial Inc. now owns 170,767 shares of the company’s stock worth $360,000 after buying an additional 6,300 shares during the last quarter. Finally, Ancora Advisors LLC raised its stake in Ciber by 332.0% in the second quarter. Ancora Advisors LLC now owns 216,000 shares of the company’s stock worth $324,000 after buying an additional 166,000 shares during the last quarter. 61.94% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on CBR. Zacks Investment Research lowered shares of Ciber from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 4th. B. Riley reaffirmed a “neutral” rating and issued a $1.00 target price on shares of Ciber in a research note on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.33.
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Shares of Ciber (NYSE:CBR) opened at 1.05 on Wednesday. Ciber has a 12 month low of $0.93 and a 12 month high of $3.90. The company’s market cap is $85.28 million. The stock has a 50 day moving average of $1.20 and a 200-day moving average of $1.46.
Ciber (NYSE:CBR) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.23. Ciber had a negative net margin of 20.66% and a negative return on equity of 11.61%. Equities analysts forecast that Ciber will post ($0.49) earnings per share for the current year.
Ciber Company Profile
Ciber, Inc (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS).
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