What’s Ahead for Ipg Photonics Corporation (NASDAQ:IPGP) After More Shorted Shares?

IPG Photonics Corporation (NASDAQ:IPGP) Logo

Investors sentiment decreased to 1.02 in 2019 Q2. Its down 0.07, from 1.09 in 2019Q1. It worsened, as 28 investors sold IPG Photonics Corporation shares while 120 reduced holdings. 46 funds opened positions while 105 raised stakes. 32.50 million shares or 0.68% less from 32.72 million shares in 2019Q1 were reported.
Guardian Life Of America accumulated 104 shares or 0% of the stock. Royal Bancorporation Of Canada invested in 29,403 shares or 0% of the stock. Johnson Inv Counsel holds 2,699 shares. 6 are held by Captrust Finance Advsrs. Bank & Trust owns 2,690 shares. Essex Investment Limited Co holds 0.05% or 2,562 shares in its portfolio. S&Co stated it has 0.02% in IPG Photonics Corporation (NASDAQ:IPGP). British Columbia Investment Corp invested in 9,655 shares or 0.01% of the stock. Legal General Grp Incorporated Plc owns 309,972 shares. Johnson Financial accumulated 250 shares. Mairs & invested 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). Page Arthur B accumulated 0.48% or 3,803 shares. Winch Advisory Limited Liability Company accumulated 75 shares. 45,548 are owned by State Board Of Administration Of Florida Retirement Sys. Alecta Pensionsforsakring Omsesidigt owns 200,000 shares.

Since June 27, 2019, it had 0 buys, and 1 sale for $1.51 million activity.

The stock of Ipg Photonics Corporation (NASDAQ:IPGP) registered an increase of 17.03% in short interest. IPGP’s total short interest was 3.02 million shares in September as published by FINRA. Its up 17.03% from 2.58 million shares, reported previously. With 516,300 shares average volume, it will take short sellers 6 days to cover their IPGP’s short positions. The short interest to Ipg Photonics Corporation’s float is 8.6%.

The stock decreased 0.33% or $0.48 during the last trading session, reaching $146.34. About 284,747 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has declined 41.59% since September 13, 2018 and is downtrending. It has underperformed by 41.59% the S&P500.

IPG Photonics Corporation develops and makes a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications, primarily in materials processing worldwide. The company has market cap of $7.79 billion. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It has a 26.15 P/E ratio. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks, such as fiber to the home, fiber to the curb, passive optical networks, and dense wavelength division multiplexing networks; ytterbium and thulium specialty fiber amplifiers and broadband light sources; and single-frequency, linearly polarized, and polarization-maintaining versions of its amplifier products.

IPG Photonics Corporation (NASDAQ:IPGP) Ratings Coverage

Among 2 analysts covering IPG Photonics (NASDAQ:IPGP), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. IPG Photonics has $19000 highest and $18000 lowest target. $185’s average target is 26.42% above currents $146.34 stock price. IPG Photonics had 4 analyst reports since April 22, 2019 according to SRatingsIntel. As per Wednesday, July 31, the company rating was maintained by Raymond James. Canaccord Genuity maintained the shares of IPGP in report on Wednesday, May 1 with “Hold” rating.

More notable recent IPG Photonics Corporation (NASDAQ:IPGP) news were published by: Nasdaq.com which released: “Bullish Two Hundred Day Moving Average Cross – IPGP – Nasdaq” on April 01, 2019, also Nasdaq.com with their article: “Technology Sector Update for 02/12/2019: IPGP,RAMP,MIME,VRNS – Nasdaq” published on February 12, 2019, Benzinga.com published: “26 Stocks Moving in Monday’s Pre-Market Session – Benzinga” on August 26, 2019. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) were released by: Nasdaq.com and their article: “Earnings Preview: IPG Photonics (IPGP) Q1 Earnings Expected to Decline – Nasdaq” published on April 23, 2019 as well as Nasdaq.com‘s news article titled: “Why Many Fiber-Optic Networking Stocks Rose at Least 12% Last Month – Nasdaq” with publication date: March 11, 2019.

IPG Photonics Corporation (NASDAQ:IPGP) Institutional Positions Chart

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