Could Itron Inc (NASDAQ:ITRI) Change Direction After More Shorts?

Itron, Inc. (NASDAQ:ITRI) Logo

Investors sentiment decreased to 1.34 in 2019 Q2. Its down 0.30, from 1.64 in 2019Q1. It worsened, as 24 investors sold Itron, Inc. shares while 55 reduced holdings. 36 funds opened positions while 70 raised stakes. 33.66 million shares or 3.97% less from 35.05 million shares in 2019Q1 were reported.
Bogle Investment Lp De owns 9,378 shares. Benjamin F Edwards Company owns 116 shares for 0% of their portfolio. Voya Inv Management Limited Liability Company reported 13,567 shares. Michigan-based Bluestein R H And has invested 0.02% in Itron, Inc. (NASDAQ:ITRI). Credit Suisse Ag stated it has 0% in Itron, Inc. (NASDAQ:ITRI). Pub Employees Retirement Systems Of Ohio accumulated 1,559 shares. State Street has invested 0% of its portfolio in Itron, Inc. (NASDAQ:ITRI). Cubist Systematic Strategies accumulated 0.1% or 88,856 shares. Ameriprise Fincl Inc holds 0.01% or 183,714 shares. Credit Agricole S A invested in 44,423 shares or 0.15% of the stock. Arrowstreet Cap Ltd Partnership holds 0.01% or 52,100 shares in its portfolio. Bnp Paribas Arbitrage holds 0% or 11,435 shares in its portfolio. Water Asset Ltd Com reported 2.05% of its portfolio in Itron, Inc. (NASDAQ:ITRI). Synovus Fincl holds 0% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 130 shares. Oregon Pub Employees Retirement Fund reported 13,175 shares stake.

Since March 15, 2019, it had 0 insider buys, and 13 sales for $27.27 million activity.

The stock of Itron Inc (NASDAQ:ITRI) registered an increase of 14.04% in short interest. ITRI’s total short interest was 1.11M shares in September as published by FINRA. Its up 14.04% from 977,500 shares, reported previously. With 383,000 shares average volume, it will take short sellers 3 days to cover their ITRI’s short positions.

The stock increased 1.76% or $1.29 during the last trading session, reaching $74.66. About 200,231 shares traded. Itron, Inc. (NASDAQ:ITRI) has risen 4.20% since September 13, 2018 and is uptrending. It has outperformed by 4.20% the S&P500.

Itron, Inc. provides metering solutions to electricity, gas, and water utility markets worldwide. The company has market cap of $2.95 billion. The firm operates through three divisions: Electricity, Gas, and Water. It has a 48.23 P/E ratio. It offers standard electromechanical and electronic, gas, and water and heat meters; and advanced and smart electricity, gas, and water meters and communication modules.

More notable recent Itron, Inc. (NASDAQ:ITRI) news were published by: Nasdaq.com which released: “Why Is Itron (ITRI) Up 1.2% Since Last Earnings Report? – Nasdaq” on September 04, 2019, also Nasdaq.com with their article: “Will Itron (ITRI) Gain on Rising Earnings Estimates? – Nasdaq” published on August 12, 2019, Nasdaq.com published: “Itron (ITRI) Expected to Beat Earnings Estimates: Can the Stock Move Higher? – Nasdaq” on July 29, 2019. More interesting news about Itron, Inc. (NASDAQ:ITRI) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: AbbVie, Beyond Meat, Bio-Rad, Dell, HP, Jumia, Nabriva, PG&E, Salesforce, Sarepta and More – 24/7 Wall St.” published on August 20, 2019 as well as Nasdaq.com‘s news article titled: “Itron (ITRI) Surpasses Q2 Earnings and Revenue Estimates – Nasdaq” with publication date: August 05, 2019.

Itron, Inc. (NASDAQ:ITRI) Institutional Positions Chart

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