Calix Inc (NYSE:CALX) Short Interest Up 10.9% in November

Calix Inc (NYSE:CALX) saw a significant increase in short interest during the month of November. As of November 29th, there was short interest totalling 1,530,000 shares, an increase of 10.9% from the November 14th total of 1,380,000 shares. Based on an average daily trading volume, of 233,500 shares, the short-interest ratio is presently 6.6 days. Currently, 3.2% of the shares of the company are sold short.

NYSE:CALX traded up $0.11 during midday trading on Friday, hitting $8.05. 267,513 shares of the stock were exchanged, compared to its average volume of 203,645. Calix has a one year low of $5.60 and a one year high of $11.30. The company has a market capitalization of $440.59 million, a price-to-earnings ratio of -24.39 and a beta of 0.67. The business has a 50-day moving average price of $7.66 and a two-hundred day moving average price of $6.68. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, October 22nd. The communications equipment provider reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Calix had a negative return on equity of 8.74% and a negative net margin of 5.66%. The firm had revenue of $114.49 million for the quarter, compared to analysts’ expectations of $111.80 million. Sell-side analysts forecast that Calix will post -0.16 EPS for the current fiscal year.

In other news, Director Donald J. Listwin bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price of $7.97 per share, with a total value of $199,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Matthews sold 6,800 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $7.54, for a total value of $51,272.00. The disclosure for this sale can be found here. Insiders own 18.57% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in Calix during the second quarter worth approximately $25,000. US Bancorp DE grew its position in Calix by 1,033.8% in the second quarter. US Bancorp DE now owns 4,093 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 3,732 shares during the last quarter. Signaturefd LLC acquired a new position in Calix in the second quarter worth approximately $57,000. Metropolitan Life Insurance Co NY grew its position in Calix by 19.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 15,153 shares of the communications equipment provider’s stock worth $97,000 after buying an additional 2,459 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Calix in the second quarter worth approximately $205,000. 67.16% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on CALX. ValuEngine raised Calix from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Northland Securities reissued a “buy” rating and set a $9.00 target price on shares of Calix in a report on Thursday, November 21st. Finally, Zacks Investment Research cut Calix from a “buy” rating to a “hold” rating in a report on Friday, October 25th.

About Calix

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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