Smart minds think alike? We screened stocks with “Buy” ratings from Deutsche Bank (DB) for significant short covering month over month.
Investors often find it helpful to have the backup of a large investment bank’s analysts. Their full-time job is to analyze companies, so their word is as professional as it gets. They often have personal relationships with the companies they are assigned to, and visit the company to get more accurate figures out their value. And although analyst ratings can remain unchanged for long periods, a firm may only adjust once they believe their full potential has been reached or has diminished prospects (often a change from buy to hold). If Deutsche still has a buy rating on these firms it signals optimism in the stock’s future performance, and that it has notable upside left to price in.
Short sellers seem to agree, at least in the near term. Short sellers profit when stocks decrease in price, and lose when they rise. So it’s considered a sign of optimism (or decreased pessimism) when short sellers start to reduce their short positions. We screened for a decrease in short positions month over month.
Business Section: Investing Ideas
Short sellers and Deutsche Bank (DB) are optimistic about these 6 stocks, do you agree with them?
Interactive Chart: Use the Compar-O-Matic to compare changes in AVERAGE analyst ratings for the stocks mentioned below. Clearly Deutsche’s outlook differs from the collective.
1. American Axle & Manufacturing Holdings Inc. (AXL, Earnings, Analysts, Financials): Engages in the manufacture, engineering, design, and validation of driveline and drivetrain systems, and related components and chassis modules for automotive industry in the United States. Market cap at $820.99M, most recent closing price at $10.97. On 12/08/2011, Deutsche Bank had a Buy rating on the stock. Shares shorted have decreased from 11.63M to 10.84M over the last month, a decrease which represents about 1.29% of the company’s float of 61.10M shares. Days to cover ratio at 8.09 days.
2. Green Dot Corporation (GDOT, Earnings, Analysts, Financials): Market cap at $471.95M, most recent closing price at $11.05. On 10/07/2011, Deutsche Bank had a Buy rating on the stock. Shares shorted have decreased from 6.77M to 4.03M over the last month, a decrease which represents about 11.76% of the company’s float of 23.30M shares. Days to cover ratio at 7.4 days.
3. Lam Research Corporation (LRCX, Earnings, Analysts, Financials): Engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. Market cap at $6.21B, most recent closing price at $34.06. On 11/29/2011, Deutsche Bank had a Buy rating on the stock. Shares shorted have decreased from 14.47M to 9.84M over the last month, a decrease which represents about 3.48% of the company’s float of 133.14M shares. Days to cover ratio at 2.62 days.
4. Universal Display Corp. (PANL, Earnings, Analysts, Financials): Engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel display, solid-state lighting, and other product applications. Market cap at $1.82B, most recent closing price at $39.26. On 06/22/2012, Deutsche Bank had a Buy rating on the stock. Shares shorted have decreased from 14.06M to 13.25M over the last month, a decrease which represents about 2.36% of the company’s float of 34.35M shares. Days to cover ratio at 14.2 days.
5. Silicon Motion Technology Corp. (SIMO, Earnings, Analysts, Financials): Operates as a fabless semiconductor company. Market cap at $503.02M, most recent closing price at $15.53. On 08/13/2012, Deutsche Bank had a Buy rating on the stock. Shares shorted have decreased from 2.04M to 1.66M over the last month, a decrease which represents about 1.45% of the company’s float of 26.25M shares. Days to cover ratio at 2.24 days.
6. MEMC Electronic Materials Inc. (WFR, Earnings, Analysts, Financials): Engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. Market cap at $644.27M, most recent closing price at $2.79. On 09/16/2011, Deutsche Bank had a Buy rating on the stock. Shares shorted have decreased from 26.31M to 22.49M over the last month, a decrease which represents about 1.75% of the company’s float of 217.83M shares. Days to cover ratio at 4.84 days.
Written by Rebecca Lipman. Analyst ratings sourced from Reuters, short data from Yahoo! Finance, all other data sourced from Finviz.
Use Kapitall’s Tools: Looking for ways to analyze this list?
Use this article snapshot as a launch pad (click here for help): Simply click on the links, and use Kapitall’s tab navigation to browse through the data…
Analyze These Ideas: Getting Started
- Read descriptions for all companies mentioned
- Access a performance overview for all stocks in the list
- Compare analyst ratings for the companies mentioned
- Compare analyst ratings to annual returns for stocks mentioned
- Real-Time Opinion: Scan the latest tweets about these companies (feed will open in a new window)
Dig Deeper: Access Company Snapshots, Charts, Filings
- American Axle & Manufacturing Holdings Inc. (AXL, Chart, Download SEC Filings)
- Green Dot Corporation (GDOT, Chart, Download SEC Filings)
- Lam Research Corporation (LRCX, Chart, Download SEC Filings)
- Universal Display Corp. (PANL, Chart, Download SEC Filings)
- Silicon Motion Technology Corp. (SIMO, Chart, Download SEC Filings)
- MEMC Electronic Materials Inc. (WFR, Chart, Download SEC Filings)
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