Could Infinera Corporation (NASDAQ:INFN) Change Direction After More Shorts?

Infinera Corporation (NASDAQ:INFN) Logo

Investors sentiment increased to 1.29 in Q2 2019. Its up 0.01, from 1.28 in 2019Q1. It increased, as 27 investors sold Infinera Corporation shares while 25 reduced holdings. 18 funds opened positions while 49 raised stakes. 134.26 million shares or 8.03% less from 145.98 million shares in 2019Q1 were reported.
Proshare Ltd holds 15,978 shares or 0% of its portfolio. Great West Life Assurance Can invested 0% in Infinera Corporation (NASDAQ:INFN). State Bank Of America De holds 0% in Infinera Corporation (NASDAQ:INFN) or 2.52M shares. Moreover, Geode Capital Mngmt Ltd Company has 0% invested in Infinera Corporation (NASDAQ:INFN) for 2.10 million shares. Aperio Llc reported 57,450 shares or 0% of all its holdings. Vanguard Gru Inc invested 0% in Infinera Corporation (NASDAQ:INFN). The Pennsylvania-based Glenmede Tru Company Na has invested 0% in Infinera Corporation (NASDAQ:INFN). Congress Asset Communication Ma holds 189,100 shares. 765,118 were reported by Nuveen Asset Mngmt Lc. Pub Employees Retirement Of Ohio owns 164,790 shares or 0% of their US portfolio. The Virginia-based Quantitative has invested 0.01% in Infinera Corporation (NASDAQ:INFN). Victory owns 0% invested in Infinera Corporation (NASDAQ:INFN) for 319,126 shares. Jane Street Grp Inc Inc Ltd Limited Liability Company has 87,743 shares. Pillar Pacific Cap Lc reported 10,000 shares. Moreover, Goldman Sachs Group Inc Inc Inc has 0% invested in Infinera Corporation (NASDAQ:INFN).

The stock of Infinera Corporation (NASDAQ:INFN) registered an increase of 0.93% in short interest. INFN’s total short interest was 21.90 million shares in September as published by FINRA. Its up 0.93% from 21.69 million shares, reported previously. With 2.62M shares average volume, it will take short sellers 8 days to cover their INFN’s short positions.

The stock decreased 2.37% or $0.13 during the last trading session, reaching $5.36. About 1.93 million shares traded. Infinera Corporation (NASDAQ:INFN) has declined 53.55% since September 13, 2018 and is downtrending. It has underperformed by 53.55% the S&P500.

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company has market cap of $961.57 million. The companyÂ’s product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; and Infinera DTN platform that supports various Ethernet and optical transport network client interfaces for long-haul, subsea, and regional mesh networks. It currently has negative earnings. It also provides Infinera XTM Series carrier-grade packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; Infinera XTG Series that is a family of passive optical wavelength-division multiplexing products for metro access applications; and Infinera Cloud Xpress Family multiple platforms that are designed to meet the varying needs of cloud service providers, Internet content providers, Internet exchange service providers, enterprises, and other large-scale data center operators.

More notable recent Infinera Corporation (NASDAQ:INFN) news were published by: Globenewswire.com which released: “Oaktree Agrees to Extend Lock-Up of Infinera Shares – GlobeNewswire” on March 04, 2019, also Seekingalpha.com with their article: “Infinera gains for second day after webinar – Seeking Alpha” published on July 18, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Infinera Corp. (INFN) – Yahoo Finance” on June 14, 2019. More interesting news about Infinera Corporation (NASDAQ:INFN) were released by: Finance.Yahoo.com and their article: “Some Infinera (NASDAQ:INFN) Shareholders Have Copped A Big 60% Share Price Drop – Yahoo Finance” published on August 05, 2019 as well as Nasdaq.com‘s news article titled: “Why Infinera Stock Jumped Today – Nasdaq” with publication date: March 11, 2019.

Infinera Corporation (NASDAQ:INFN) Institutional Positions Chart

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