CalAmp Corp. (NASDAQ:CAMP) Sees Significant Decrease in Short Interest

CalAmp Corp. (NASDAQ:CAMPGet Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 62,900 shares, a drop of 14.8% from the April 30th total of 73,800 shares. Currently, 4.0% of the company’s stock are short sold. Based on an average daily volume of 29,000 shares, the days-to-cover ratio is presently 2.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of CalAmp in a research note on Saturday. They set a “sell” rating for the company.

View Our Latest Stock Report on CAMP

Institutional Investors Weigh In On CalAmp

Several institutional investors and hedge funds have recently modified their holdings of CAMP. Landscape Capital Management L.L.C. bought a new stake in CalAmp during the third quarter valued at about $58,000. AIGH Capital Management LLC lifted its position in shares of CalAmp by 46.9% during the 3rd quarter. AIGH Capital Management LLC now owns 3,017,151 shares of the Wireless communications provider’s stock worth $1,224,000 after purchasing an additional 963,594 shares during the last quarter. Luminus Management LLC boosted its stake in CalAmp by 234.8% during the 3rd quarter. Luminus Management LLC now owns 1,686,873 shares of the Wireless communications provider’s stock valued at $684,000 after purchasing an additional 1,183,023 shares during the period. Worth Venture Partners LLC grew its holdings in CalAmp by 38.7% in the 3rd quarter. Worth Venture Partners LLC now owns 712,493 shares of the Wireless communications provider’s stock valued at $289,000 after buying an additional 198,983 shares during the last quarter. Finally, TriaGen Wealth Management LLC increased its position in CalAmp by 112.9% in the 4th quarter. TriaGen Wealth Management LLC now owns 222,500 shares of the Wireless communications provider’s stock worth $56,000 after buying an additional 118,000 shares during the period.

CalAmp Stock Down 19.3 %

Shares of CalAmp stock traded down $0.64 during trading on Friday, hitting $2.67. 39,230 shares of the stock traded hands, compared to its average volume of 11,319. The company has a fifty day moving average price of $3.36 and a two-hundred day moving average price of $4.30. CalAmp has a twelve month low of $2.29 and a twelve month high of $50.14. The stock has a market cap of $4.41 million, a P/E ratio of -0.04 and a beta of 1.97. The company has a debt-to-equity ratio of 21.58, a quick ratio of 1.35 and a current ratio of 1.69.

About CalAmp

(Get Free Report)

CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products.

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