Short Interest in Calix Inc (NYSE:CALX) Drops By 10.9%

Calix Inc (NYSE:CALX) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 1,390,000 shares, a decrease of 10.9% from the September 30th total of 1,560,000 shares. Based on an average daily trading volume, of 239,000 shares, the short-interest ratio is currently 5.8 days. Approximately 2.9% of the company’s stock are sold short.

In other Calix news, Director J Daniel Plants purchased 14,346 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $5.88 per share, for a total transaction of $84,354.48. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Donald J. Listwin purchased 25,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average price of $7.97 per share, with a total value of $199,250.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 68,846 shares of company stock valued at $457,359. Company insiders own 18.57% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Calix by 1.5% during the 2nd quarter. BlackRock Inc. now owns 4,373,027 shares of the communications equipment provider’s stock worth $28,686,000 after purchasing an additional 62,630 shares during the period. Divisar Capital Management LLC raised its position in Calix by 10.4% during the 2nd quarter. Divisar Capital Management LLC now owns 3,405,036 shares of the communications equipment provider’s stock worth $22,337,000 after buying an additional 320,000 shares during the last quarter. Renaissance Technologies LLC raised its position in Calix by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,020,718 shares of the communications equipment provider’s stock worth $19,816,000 after buying an additional 37,900 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Calix by 19.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,419,090 shares of the communications equipment provider’s stock worth $9,309,000 after buying an additional 234,719 shares during the last quarter. Finally, Voce Capital Management LLC raised its position in Calix by 8.8% during the 2nd quarter. Voce Capital Management LLC now owns 1,363,782 shares of the communications equipment provider’s stock worth $8,946,000 after buying an additional 110,738 shares during the last quarter. Hedge funds and other institutional investors own 66.23% of the company’s stock.

NYSE:CALX traded down $0.02 during trading hours on Friday, reaching $7.73. 349,175 shares of the company’s stock were exchanged, compared to its average volume of 307,774. The company has a 50-day moving average of $7.05 and a 200 day moving average of $6.56. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Calix has a 1-year low of $5.60 and a 1-year high of $11.30.

CALX has been the subject of a number of recent research reports. ValuEngine upgraded shares of Calix from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Northland Securities reiterated a “buy” rating and set a $9.00 price target on shares of Calix in a research note on Wednesday, October 23rd. Finally, Zacks Investment Research cut shares of Calix from a “buy” rating to a “hold” rating in a research note on Friday, October 25th.

Calix Company Profile

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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