Arris International Plc – Ordinary Shares (NASDAQ:ARRS) Just Reported Decreased Shorts

February 22, 2018 - By Vivian Park

 Arris International Plc   Ordinary Shares (NASDAQ:ARRS) Just Reported Decreased Shorts

Investors sentiment increased to 2 in Q3 2017. Its up 2.00, from 0 in 2017Q2. It improved, as 0 investors sold ARRIS International plc shares while 1 reduced holdings. 2 funds opened positions while 0 raised stakes. 268,129 shares or 8.25% more from 247,686 shares in 2017Q2 were reported.
Gemmer Asset Limited Company holds 0% or 99 shares. Eqis Capital reported 30,264 shares. Vantage Invest Advisors Lc owns 2,251 shares for 0.02% of their portfolio. Baxter Bros Inc reported 170,875 shares. First Bank Of Omaha invested in 0.11% or 64,640 shares.

The stock of Arris International Plc – Ordinary Shares (NASDAQ:ARRS) registered a decrease of 10.4% in short interest. ARRS’s total short interest was 2.56 million shares in February as published by FINRA. Its down 10.4% from 2.85 million shares, reported previously. With 1.71 million shares average volume, it will take short sellers 2 days to cover their ARRS’s short positions. The short interest to Arris International Plc – Ordinary Shares’s float is 1.54%.

The stock increased 0.04% or $0.01 during the last trading session, reaching $24.69. About 89,611 shares traded. ARRIS International plc (NASDAQ:ARRS) has risen 22.70% since February 22, 2017 and is uptrending. It has outperformed by 6.00% the S&P500.

ARRIS International plc, together with its subsidiaries, provides media entertainment and data communications solutions in the United States and internationally. The company has market cap of $4.62 billion. It operates through two divisions, Customer Premises Equipment and Network & Cloud. It has a 50.39 P/E ratio. The Customer Premises Equipment segment offers various product solutions, including set-top boxes, gateways, digital subscriber lines and cable modems, and wireless connectivity or other wired connectivity products that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers.

ARRIS International plc (NASDAQ:ARRS) Ratings Coverage

Among 14 analysts covering Arris Group Inc. (NASDAQ:ARRS), 11 have Buy rating, 1 Sell and 2 Hold. Therefore 79% are positive. Arris Group Inc. has $42 highest and $25.0 lowest target. $34.92’s average target is 41.43% above currents $24.69 stock price. Arris Group Inc. had 39 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Buy” rating by Needham on Thursday, February 18. The stock has “Sell” rating by Zacks on Monday, September 21. The company was maintained on Thursday, October 29 by Needham. The rating was maintained by Northland Capital with “Hold” on Monday, October 16. Northland Capital maintained ARRIS International plc (NASDAQ:ARRS) on Thursday, August 3 with “Hold” rating. The firm earned “Overweight” rating on Thursday, February 18 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Buy” on Monday, June 5. The firm has “Buy” rating given on Friday, July 24 by Drexel Hamilton. The firm has “Buy” rating given on Friday, June 10 by Jefferies. Morgan Stanley downgraded the shares of ARRS in report on Tuesday, December 19 to “Equal-Weight” rating.

More news for ARRIS International plc (NASDAQ:ARRS) were recently published by: Seekingalpha.com, which released: “ARRIS International’s (ARRS) CEO Bruce McClelland on Q4 2017 Results …” on February 15, 2018. Benzinga.com‘s article titled: “3 Reasons Loop Capital Is Bullish On Arris International” and published on January 30, 2018 is yet another important article.

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