Applied Optoelectronics Inc (AAOI) Short Interest Update

Applied Optoelectronics Inc (NASDAQ:AAOI) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 12,391,075 shares, an increase of 13.1% from the January 12th total of 10,951,814 shares. Based on an average trading volume of 1,234,833 shares, the short-interest ratio is presently 10.0 days. Currently, 68.6% of the shares of the company are short sold.

A number of equities research analysts have commented on the stock. ValuEngine cut shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised shares of Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a report on Monday. Northland Securities set a $40.00 price objective on shares of Applied Optoelectronics and gave the company a “sell” rating in a report on Sunday, October 15th. Piper Jaffray Companies lowered shares of Applied Optoelectronics from an “overweight” rating to a “neutral” rating in a report on Monday, January 29th. Finally, BWS Financial set a $25.00 price objective on shares of Applied Optoelectronics and gave the company a “sell” rating in a report on Sunday, October 15th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.89.

Shares of Applied Optoelectronics (AAOI) traded down $1.33 on Friday, reaching $30.72. 1,929,287 shares of the company’s stock were exchanged, compared to its average volume of 1,227,710. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99. Applied Optoelectronics has a twelve month low of $30.30 and a twelve month high of $103.41. The stock has a market cap of $606.86, a price-to-earnings ratio of 7.47, a P/E/G ratio of 0.63 and a beta of 2.51.

In other Applied Optoelectronics news, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $45.30, for a total transaction of $58,890.00. Following the sale, the chief executive officer now owns 522,837 shares in the company, valued at approximately $23,684,516.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $35.37, for a total transaction of $35,370.00. Following the sale, the director now owns 34,478 shares in the company, valued at approximately $1,219,486.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,900 shares of company stock worth $297,554. 8.19% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Flinton Capital Management LLC purchased a new position in shares of Applied Optoelectronics in the second quarter valued at $115,000. Citigroup Inc. grew its holdings in shares of Applied Optoelectronics by 96.2% in the second quarter. Citigroup Inc. now owns 2,025 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 993 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Applied Optoelectronics in the second quarter valued at $137,000. PNC Financial Services Group Inc. purchased a new position in shares of Applied Optoelectronics in the second quarter valued at $149,000. Finally, Advisor Group Inc. grew its holdings in shares of Applied Optoelectronics by 82.3% in the second quarter. Advisor Group Inc. now owns 2,505 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 1,131 shares in the last quarter. 75.68% of the stock is owned by institutional investors and hedge funds.

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Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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