Time to Reconsider Angiodynamics Inc (NASDAQ:ANGO) After Less Short Sellers?

May 16, 2018 - By Nellie Frank

AngioDynamics, Inc. (NASDAQ:ANGO) Logo

Investors sentiment increased to 1.26 in 2017 Q4. Its up 0.09, from 1.17 in 2017Q3. It is positive, as 14 investors sold AngioDynamics, Inc. shares while 48 reduced holdings. 22 funds opened positions while 56 raised stakes. 33.90 million shares or 1.62% more from 33.36 million shares in 2017Q3 were reported.
Granahan Investment Mgmt Inc Ma owns 390,720 shares. Moreover, Bankshares Of Ny Mellon has 0% invested in AngioDynamics, Inc. (NASDAQ:ANGO). State Teachers Retirement has invested 0% in AngioDynamics, Inc. (NASDAQ:ANGO). 28,897 are held by Manufacturers Life The. White Pine Limited Liability stated it has 0.16% of its portfolio in AngioDynamics, Inc. (NASDAQ:ANGO). Comerica Retail Bank holds 0% of its portfolio in AngioDynamics, Inc. (NASDAQ:ANGO) for 37,575 shares. California State Teachers Retirement Systems has invested 0% in AngioDynamics, Inc. (NASDAQ:ANGO). State Of Alaska Department Of Revenue owns 7,248 shares. Cornerstone Cap Mgmt Limited Liability Co holds 0.01% or 47,514 shares. Principal Financial Grp accumulated 290,297 shares or 0% of the stock. Fuller And Thaler Asset Mgmt invested in 525 shares. Swiss Bancorporation invested 0% of its portfolio in AngioDynamics, Inc. (NASDAQ:ANGO). Fenimore Asset Mngmt Incorporated reported 0.38% stake. 19,193 are owned by Neuberger Berman Gru Ltd. The Connecticut-based Tudor Invest Et Al has invested 0.01% in AngioDynamics, Inc. (NASDAQ:ANGO).

The stock of Angiodynamics Inc (NASDAQ:ANGO) registered a decrease of 1.32% in short interest. ANGO’s total short interest was 1.89 million shares in May as published by FINRA. Its down 1.32% from 1.92 million shares, reported previously. With 164,600 shares average volume, it will take short sellers 12 days to cover their ANGO’s short positions. The short interest to Angiodynamics Inc’s float is 5.21%.

The stock increased 0.71% or $0.14 during the last trading session, reaching $19.87. About 55,511 shares traded. AngioDynamics, Inc. (NASDAQ:ANGO) has declined 2.41% since May 16, 2017 and is downtrending. It has underperformed by 13.96% the S&P500.

AngioDynamics, Inc. designs, manufactures, and sells various medical, surgical, and diagnostic devices for the treatment of peripheral vascular disease, vascular access, and for use in oncology and surgical settings in the United States and internationally. The company has market cap of $731.31 million. The firm provides manifolds, contrast management systems, closed fluid systems, guidewires, disposable transducers, and interventional accessories that help clinicians in the diagnosis and treatment of cardiovascular and peripheral vascular diseases; VenaCure EVLT laser system products to treat superficial venous diseases; Asclera drug for treating uncomplicated spider and reticular veins of the lower extremities; and Sotradecol drugs for treating small uncomplicated varicose veins of the lower extremities. It has a 551.94 P/E ratio. It also offers AngioVac venous drainage system that includes venous drainage cannula for the removal of fresh, soft thrombi, or emboli during extracorporeal bypass; and cardiopulmonary bypass circuit for use in procedures during extracorporeal circulatory support.

AngioDynamics, Inc. (NASDAQ:ANGO) Ratings Coverage

Among 3 analysts covering Angiodynamics (NASDAQ:ANGO), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Angiodynamics had 5 analyst reports since January 5, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Friday, January 5 by Craig Hallum. The stock of AngioDynamics, Inc. (NASDAQ:ANGO) has “Hold” rating given on Thursday, January 4 by Canaccord Genuity. The firm has “Hold” rating by Canaccord Genuity given on Thursday, March 29. Raymond James upgraded the stock to “Outperform” rating in Tuesday, April 3 report. The rating was maintained by Canaccord Genuity on Monday, April 2 with “Hold”.

AngioDynamics, Inc. (NASDAQ:ANGO) Ratings Chart

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