Arrow Electronics Inc (NYSE:ARW) Sellers Covered 13.37% of Their Shorts

May 16, 2018 - By Paul Bridgeforth

Arrow Electronics, Inc. (NYSE:ARW) Logo

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.02, from 1.15 in 2017Q3. It increased, as 28 investors sold Arrow Electronics, Inc. shares while 110 reduced holdings. 48 funds opened positions while 114 raised stakes. 80.48 million shares or 0.40% more from 80.16 million shares in 2017Q3 were reported.
Trexquant Investment Ltd Partnership holds 15,214 shares. Ironwood Invest Ltd Co accumulated 25,740 shares. Fjarde Ap, Alabama-based fund reported 32,454 shares. Raymond James And Associates stated it has 0.02% in Arrow Electronics, Inc. (NYSE:ARW). Barclays Public Limited Com, a United Kingdom-based fund reported 221,372 shares. State Of Alaska Department Of Revenue invested in 5,300 shares. Profund Advsr Limited Liability stated it has 0.03% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). 198,368 were accumulated by Speece Thorson Capital Gp. Oregon Employees Retirement Fund has 53,349 shares. Richard Bernstein Advisors Ltd Liability holds 5,108 shares. Regentatlantic Capital Limited Liability Company stated it has 0.31% in Arrow Electronics, Inc. (NYSE:ARW). Arizona State Retirement Systems reported 0.05% in Arrow Electronics, Inc. (NYSE:ARW). Voya Invest Mgmt Lc accumulated 23,857 shares or 0% of the stock. Pnc Financial Svcs Incorporated invested 0% in Arrow Electronics, Inc. (NYSE:ARW). Hsbc Holding Public Limited Company invested in 178,124 shares or 0.02% of the stock.

Since February 22, 2018, it had 0 buys, and 4 sales for $4.90 million activity. 50,988 Arrow Electronics, Inc. (NYSE:ARW) shares with value of $4.23M were sold by LONG MICHAEL J. $258,250 worth of Arrow Electronics, Inc. (NYSE:ARW) shares were sold by Melvin Vincent P.

The stock of Arrow Electronics Inc (NYSE:ARW) registered a decrease of 13.37% in short interest. ARW’s total short interest was 2.54 million shares in May as published by FINRA. Its down 13.37% from 2.93M shares, reported previously. With 354,500 shares average volume, it will take short sellers 7 days to cover their ARW’s short positions. The short interest to Arrow Electronics Inc’s float is 2.91%.

The stock decreased 0.98% or $0.74 during the last trading session, reaching $75. About 673,475 shares traded or 37.07% up from the average. Arrow Electronics, Inc. (NYSE:ARW) has risen 4.15% since May 16, 2017 and is uptrending. It has underperformed by 7.40% the S&P500.

Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company has market cap of $6.57 billion. The firm operates in two divisions, Global Components and Global Enterprise Computing Solutions. It has a 16.74 P/E ratio. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other services and products.

Arrow Electronics, Inc. (NYSE:ARW) Ratings Coverage

Among 4 analysts covering Arrow Electronics (NYSE:ARW), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Arrow Electronics had 5 analyst reports since January 18, 2018 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, January 18. Stifel Nicolaus maintained it with “Buy” rating and $85 target in Friday, May 4 report. The rating was maintained by Deutsche Bank on Friday, May 4 with “Hold”. Raymond James upgraded the shares of ARW in report on Monday, February 12 to “Buy” rating.

Another recent and important Arrow Electronics, Inc. (NYSE:ARW) news was published by 247Wallst.com which published an article titled: “Why This Segment of Technology Could Run the Rest of 2018” on May 11, 2018.

Arrow Electronics, Inc. (NYSE:ARW) Institutional Positions Chart

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