Axt Inc (NASDAQ:AXTI)’s Stock Is Sell After More Market Selling

May 17, 2018 - By Milton Kimbrough

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.07, from 1.21 in 2017Q3. It worsened, as 8 investors sold AXT, Inc. shares while 34 reduced holdings. 22 funds opened positions while 26 raised stakes. 22.11 million shares or 5.71% less from 23.45 million shares in 2017Q3 were reported.
Pinnacle Associate Ltd has invested 0.01% in AXT, Inc. (NASDAQ:AXTI). Tiaa Cref Invest Ltd Liability reported 89,177 shares. 5,345 are owned by C M Bidwell And Ltd. Moreover, Ariel Lc has 0.02% invested in AXT, Inc. (NASDAQ:AXTI) for 246,890 shares. Pacific Ridge Cap Prns Limited Com owns 496,874 shares. Parametric Lc holds 0% in AXT, Inc. (NASDAQ:AXTI) or 131,707 shares. Driehaus Cap Management Ltd Limited Liability Company invested in 0.13% or 394,003 shares. Pnc Fincl Service Grp stated it has 11,800 shares or 0% of all its holdings. Granite Point Management L P holds 172,000 shares. Benjamin F Edwards & Com invested in 0% or 500 shares. Portolan Management Ltd Limited Liability Company reported 617,482 shares stake. The New York-based Renaissance Technology Limited Com has invested 0.01% in AXT, Inc. (NASDAQ:AXTI). Mufg Americas reported 0% in AXT, Inc. (NASDAQ:AXTI). Perritt Mgmt owns 435,698 shares. 20,000 are owned by Sanctuary Wealth Advsr Ltd Liability Com.

The stock of Axt Inc (NASDAQ:AXTI) registered an increase of 22.4% in short interest. AXTI’s total short interest was 3.07M shares in May as published by FINRA. Its up 22.4% from 2.51 million shares, reported previously. With 505,200 shares average volume, it will take short sellers 6 days to cover their AXTI’s short positions. The short interest to Axt Inc’s float is 8.33%.

The stock increased 0.38% or $0.025 during the last trading session, reaching $6.675. About 11,432 shares traded. AXT, Inc. (NASDAQ:AXTI) has risen 28.57% since May 17, 2017 and is uptrending. It has outperformed by 17.02% the S&P500.

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company has market cap of $260.05 million. The firm makes its semiconductor substrates using its proprietary vertical gradient freeze technology. It has a 25.67 P/E ratio. It offers semi-insulating gallium with arsenic substrates, which are used for applications in power amplifiers for wireless devices, and transistors and solar cells for drones.

AXT, Inc. (NASDAQ:AXTI) Ratings Coverage

Among 3 analysts covering AXT (NASDAQ:AXTI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AXT had 5 analyst reports since February 22, 2018 according to SRatingsIntel. The firm has “Buy” rating by FBR Capital given on Tuesday, April 17. As per Tuesday, April 17, the company rating was upgraded by B. Riley & Co. As per Thursday, April 12, the company rating was maintained by Craig Hallum. On Thursday, February 22 the stock rating was maintained by B. Riley & Co with “Neutral”.

Another recent and important AXT, Inc. (NASDAQ:AXTI) news was published by Globenewswire.com which published an article titled: “AXT, Inc. Announces First Quarter 2018 Financial Results” on April 25, 2018.

AXT, Inc. (NASDAQ:AXTI) Ratings Chart

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