Ruffer Llp Has Decreased Its Canadian Solar (CSIQ) Position; Exfo – Subordinate Voting Shares (EXFO) Sellers Increased By 206.67% Their Shorts

May 13, 2018 - By Ellis Scott

EXFO Inc (NASDAQ:EXFO) Logo

Ruffer Llp decreased Canadian Solar Inc (CSIQ) stake by 40.61% reported in 2017Q4 SEC filing. Ruffer Llp sold 887,675 shares as Canadian Solar Inc (CSIQ)’s stock declined 3.63%. The Ruffer Llp holds 1.30M shares with $21.87 million value, down from 2.19 million last quarter. Canadian Solar Inc now has $975.39 million valuation. The stock decreased 0.48% or $0.08 during the last trading session, reaching $16.65. About 412,108 shares traded. Canadian Solar Inc. (NASDAQ:CSIQ) has risen 45.45% since May 13, 2017 and is uptrending. It has outperformed by 33.90% the S&P500.

Exfo Inc – Subordinate Voting Shares (NASDAQ:EXFO) had an increase of 206.67% in short interest. EXFO’s SI was 4,600 shares in May as released by FINRA. Its up 206.67% from 1,500 shares previously. With 7,800 avg volume, 1 days are for Exfo Inc – Subordinate Voting Shares (NASDAQ:EXFO)’s short sellers to cover EXFO’s short positions. The SI to Exfo Inc – Subordinate Voting Shares’s float is 0.02%. The stock increased 1.35% or $0.05 during the last trading session, reaching $3.75. About 610 shares traded. EXFO Inc (NASDAQ:EXFO) has declined 23.64% since May 13, 2017 and is downtrending. It has underperformed by 35.19% the S&P500.

Among 18 analysts covering Canadian Solar Inc. (NASDAQ:CSIQ), 8 have Buy rating, 4 Sell and 6 Hold. Therefore 44% are positive. Canadian Solar Inc. had 46 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Guggenheim given on Thursday, December 15. The rating was downgraded by Cowen & Co to “Market Perform” on Friday, August 19. As per Wednesday, August 16, the company rating was maintained by FBR Capital. As per Tuesday, March 27, the company rating was downgraded by JP Morgan. The firm earned “Hold” rating on Friday, October 20 by Cowen & Co. The rating was downgraded by Barclays Capital to “Equal-Weight” on Wednesday, August 24. The stock of Canadian Solar Inc. (NASDAQ:CSIQ) has “Neutral” rating given on Tuesday, November 22 by Roth Capital. The rating was downgraded by Axiom Capital to “Hold” on Friday, December 15. Canaccord Genuity maintained Canadian Solar Inc. (NASDAQ:CSIQ) on Thursday, December 17 with “Buy” rating. The rating was maintained by TH Capital with “Buy” on Wednesday, August 19.

Analysts await Canadian Solar Inc. (NASDAQ:CSIQ) to report earnings on June, 5. They expect $0.38 earnings per share, up 480.00% or $0.48 from last year’s $-0.1 per share. CSIQ’s profit will be $22.26M for 10.95 P/E if the $0.38 EPS becomes a reality. After $1.01 actual earnings per share reported by Canadian Solar Inc. for the previous quarter, Wall Street now forecasts -62.38% negative EPS growth.

More notable recent Canadian Solar Inc. (NASDAQ:CSIQ) news were published by: 247Wallst.com which released: “Short Sellers Getting Out of Solar, Alt Energy Stocks” on May 10, 2018, also Nasdaq.com with their article: “I’ve Got My Eye On Solar, And You Should, Too…” published on May 08, 2018, Prnewswire.com published: “Initiating Research Reports on Semiconductor Equities — Canadian Solar, First Solar, Himax Technologies, and …” on May 08, 2018. More interesting news about Canadian Solar Inc. (NASDAQ:CSIQ) were released by: 247Wallst.com and their article: “Short Sellers Look for Direction in Solar, Alt Energy Stocks” published on April 25, 2018 as well as Prnewswire.com‘s news article titled: “Canadian Solar Schedules First Quarter 2018 Earnings Conference Call for May 16” with publication date: April 30, 2018.

Ruffer Llp increased Ultrapar Participacoes S A (NYSE:UGP) stake by 24,220 shares to 1.59M valued at $36.09 million in 2017Q4. It also upped Mckesson Corp (NYSE:MCK) stake by 102,541 shares and now owns 1.52 million shares. Jpmorgan Chase & Co (NYSE:JPM) was raised too.

EXFO Inc. designs, manufactures, and markets test, service assurance, and analytics solutions for fixed and mobile network operators, communications service providers, Web-scale operators, and network equipment manufacturers in the telecommunications industry worldwide. The company has market cap of $204.20 million. It offers field-test platforms, including FTB-1 Pro platform, a single-slot modular platform for optic, copper, Ethernet, and multiservice testing applications; FTB-2 Pro platform that hosts two single-slot test modules; and FTB-500 platform for datacom testing, optical time domain reflectometer analysis, optical loss, Ethernet, and multiservice transport testing. It currently has negative earnings. The firm also provides wireless test equipment comprising 2G, 3G, and 4G/long-term evolution network simulators; and wireline/wireless service assurance systems, including The EXFO Worx System, a hardware and software solution that delivers service monitoring for IP networks.

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