Is Buying Craft Brew Alliance Inc (NASDAQ:BREW), Having Lower Short Interest a Winning Strategy?

May 18, 2018 - By Cecil Scoggins

Investors sentiment increased to 1.14 in Q4 2017. Its up 0.14, from 1 in 2017Q3. It improved, as 6 investors sold Craft Brew Alliance, Inc. shares while 23 reduced holdings. 14 funds opened positions while 19 raised stakes. 6.37 million shares or 0.76% more from 6.32 million shares in 2017Q3 were reported.
Prelude Capital Mgmt Ltd Liability reported 0% in Craft Brew Alliance, Inc. (NASDAQ:BREW). Delta Asset Management Limited Liability Corp Tn reported 12,500 shares. Wedge Cap Mngmt L Lp Nc stated it has 80,100 shares or 0.01% of all its holdings. First Manhattan Company has 0.01% invested in Craft Brew Alliance, Inc. (NASDAQ:BREW). Legal & General Group Pcl holds 0% of its portfolio in Craft Brew Alliance, Inc. (NASDAQ:BREW) for 2,407 shares. Wells Fargo And Mn reported 47,514 shares. Advisory Services Network Limited Liability owns 29 shares. Fairpointe Cap Limited Company invested in 0.01% or 38,987 shares. Blackrock has invested 0% in Craft Brew Alliance, Inc. (NASDAQ:BREW). Citigroup Inc reported 1,370 shares. Moreover, Tower Ltd Liability (Trc) has 0% invested in Craft Brew Alliance, Inc. (NASDAQ:BREW). Rhumbline Advisers reported 11,342 shares. Quantum Management holds 0.17% of its portfolio in Craft Brew Alliance, Inc. (NASDAQ:BREW) for 37,217 shares. Ny State Common Retirement Fund holds 14,300 shares or 0% of its portfolio. Art Lc holds 0.01% of its portfolio in Craft Brew Alliance, Inc. (NASDAQ:BREW) for 10,488 shares.

Since January 11, 2018, it had 2 buys, and 0 selling transactions for $5,611 activity.

The stock of Craft Brew Alliance Inc (NASDAQ:BREW) registered a decrease of 6.09% in short interest. BREW’s total short interest was 484,500 shares in May as published by FINRA. Its down 6.09% from 515,900 shares, reported previously. With 76,100 shares average volume, it will take short sellers 6 days to cover their BREW’s short positions. The short interest to Craft Brew Alliance Inc’s float is 5.04%.

The stock increased 0.79% or $0.15 during the last trading session, reaching $19.1. About 12,720 shares traded. Craft Brew Alliance, Inc. (NASDAQ:BREW) has risen 41.00% since May 18, 2017 and is uptrending. It has outperformed by 29.45% the S&P500.

Craft Brew Alliance, Inc. brews and sells craft beers and ciders under the Kona, Widmer Brothers, Redhook, Omission, and Square Mile brand names in the United States. The company has market cap of $368.82 million. It operates in two divisions, Beer Related Operations and Brewpubs Operations. It has a 38.98 P/E ratio. The firm sells its beers directly to clients in draft, cans, and bottles at restaurants, bars, and liquor stores; and in cans and bottles at supermarkets, warehouse clubs, convenience stores, and drug stores, as well as directly to clients at its brewpubs and breweries.

Craft Brew Alliance, Inc. (NASDAQ:BREW) Ratings Coverage

Among 3 analysts covering Craft Brew Alliance (NASDAQ:BREW), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Craft Brew Alliance had 4 analyst reports since December 6, 2017 according to SRatingsIntel. On Monday, February 5 the stock rating was initiated by BMO Capital Markets with “Hold”. The rating was maintained by Citigroup on Tuesday, February 6 with “Neutral”. Stifel Nicolaus maintained the shares of BREW in report on Friday, May 11 with “Hold” rating.

More notable recent Craft Brew Alliance, Inc. (NASDAQ:BREW) news were published by: Seekingalpha.com which released: “Margins improve at Craft Brew Alliance” on May 10, 2018, also Globenewswire.com with their article: “Detailed Research: Economic Perspectives on Craft Brew Alliance, Herc, Diplomat Pharmacy, Western Gas Partners …” published on April 23, 2018, Seekingalpha.com published: “Craft Brew Alliance: Of Treasured Memories And Financials” on May 10, 2018. More interesting news about Craft Brew Alliance, Inc. (NASDAQ:BREW) were released by: Businesswire.com and their article: “Craft Brew Alliance Releases 2017 Annual Sustainability Highlights” published on April 25, 2018 as well as Streetinsider.com‘s news article titled: “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f” with publication date: May 15, 2018.

Craft Brew Alliance, Inc. (NASDAQ:BREW) Institutional Positions Chart

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