Oclaro Inc (NASDAQ:OCLR) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 35,423,262 shares, a growth of 5.3% from the November 15th total of 33,655,807 shares. Approximately 21.6% of the shares of the stock are sold short. Based on an average daily volume of 5,704,912 shares, the short-interest ratio is presently 6.2 days.

Several research analysts have recently weighed in on OCLR shares. Raymond James Financial started coverage on shares of Oclaro in a research report on Thursday, September 14th. They issued a “strong-buy” rating and a $12.00 target price on the stock. Northland Securities reissued a “buy” rating and issued a $12.75 target price on shares of Oclaro in a research report on Friday, September 15th. Zacks Investment Research raised shares of Oclaro from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reissued a “buy” rating and issued a $12.00 target price on shares of Oclaro in a research report on Friday, October 6th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $12.50 price objective on shares of Oclaro in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Oclaro currently has a consensus rating of “Buy” and a consensus target price of $12.67.

In other news, CAO Michael H. Fernicola sold 7,016 shares of Oclaro stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $6.21, for a total value of $43,569.36. Following the transaction, the chief accounting officer now directly owns 81,378 shares of the company’s stock, valued at $505,357.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of Oclaro stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $7.22, for a total transaction of $283,421.10. Following the completion of the transaction, the insider now directly owns 171,226 shares in the company, valued at $1,236,251.72. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Shelton Capital Management acquired a new stake in shares of Oclaro in the second quarter worth $117,000. Everence Capital Management Inc. acquired a new stake in shares of Oclaro in the third quarter worth $110,000. Ameritas Investment Partners Inc. lifted its stake in shares of Oclaro by 53.3% in the second quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock worth $136,000 after buying an additional 5,057 shares during the last quarter. GLG Partners LP acquired a new stake in shares of Oclaro in the second quarter worth $140,000. Finally, ProShare Advisors LLC lifted its stake in shares of Oclaro by 28.3% in the second quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock worth $154,000 after buying an additional 3,650 shares during the last quarter. Institutional investors and hedge funds own 70.66% of the company’s stock.

Shares of Oclaro (OCLR) opened at $7.07 on Wednesday. The stock has a market cap of $1,184.84, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.31. Oclaro has a one year low of $5.86 and a one year high of $11.30.

Oclaro (NASDAQ:OCLR) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $155.60 million during the quarter, compared to analysts’ expectations of $154.51 million. Oclaro had a net margin of 17.02% and a return on equity of 20.09%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. equities research analysts expect that Oclaro will post 0.51 EPS for the current fiscal year.

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Oclaro Company Profile

Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications.

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