CUI Global Inc (NASDAQ:CUI) Short Interest Update

CUI Global Inc (NASDAQ:CUI) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 186,600 shares, a drop of 5.4% from the September 30th total of 197,300 shares. Based on an average daily volume of 67,800 shares, the short-interest ratio is currently 2.8 days. Approximately 0.7% of the company’s shares are short sold.

NASDAQ:CUI opened at $1.03 on Tuesday. CUI Global has a 1 year low of $0.50 and a 1 year high of $1.86. The business has a 50 day simple moving average of $0.79 and a 200-day simple moving average of $0.84. The company has a quick ratio of 2.15, a current ratio of 2.23 and a debt-to-equity ratio of 0.13.

Separately, ValuEngine raised CUI Global from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

In related news, CEO James F. Oneil acquired 50,000 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $1.03 per share, with a total value of $51,500.00. Insiders bought a total of 98,169 shares of company stock valued at $88,427 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Several large investors have recently bought and sold shares of CUI. Cowen Prime Services LLC raised its holdings in shares of CUI Global by 7.3% in the second quarter. Cowen Prime Services LLC now owns 226,346 shares of the industrial products company’s stock worth $186,000 after buying an additional 15,333 shares during the period. Clear Harbor Asset Management LLC raised its holdings in shares of CUI Global by 17.1% in the third quarter. Clear Harbor Asset Management LLC now owns 164,035 shares of the industrial products company’s stock worth $139,000 after buying an additional 23,920 shares during the period. Marathon Capital Management raised its holdings in shares of CUI Global by 5.1% in the second quarter. Marathon Capital Management now owns 839,693 shares of the industrial products company’s stock worth $690,000 after buying an additional 40,590 shares during the period. White Pine Capital LLC raised its holdings in shares of CUI Global by 8.8% in the second quarter. White Pine Capital LLC now owns 797,858 shares of the industrial products company’s stock worth $656,000 after buying an additional 64,365 shares during the period. Finally, Grace & White Inc. NY raised its holdings in shares of CUI Global by 34.9% in the second quarter. Grace & White Inc. NY now owns 984,301 shares of the industrial products company’s stock worth $809,000 after buying an additional 254,518 shares during the period. 30.17% of the stock is owned by institutional investors and hedge funds.

About CUI Global

CUI Global, Inc, through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. The company operates in two segments, Power and Electromechanical, and Energy. The Power and Electromechanical segment offers power solutions that consists of external and embedded ac-dc power supplies, dc-dc converters, and intelligent control of energy products; components, including connectors, speakers, and buzzers; and control solutions comprising encoders and sensors, which addresses power and related accessories to consumer electronics, medical, and defense industries.

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