Is Buying Sanmina Corporation (NASDAQ:SANM), Having Higher Short Interest a Winning Strategy?

Sanmina Corporation (NASDAQ:SANM) Logo

Investors sentiment increased to 1.13 in Q4 2018. Its up 0.21, from 0.92 in 2018Q3. It increased, as 21 investors sold Sanmina Corporation shares while 58 reduced holdings. 31 funds opened positions while 58 raised stakes. 62.42 million shares or 1.23% more from 61.66 million shares in 2018Q3 were reported.
Swiss Bank has 120,200 shares. Hotchkis & Wiley Cap Mngmt Ltd Limited Liability Company has invested 0.02% in Sanmina Corporation (NASDAQ:SANM). Parametric Associate Limited Liability Company invested in 0.01% or 283,780 shares. Alliancebernstein L P reported 1.24M shares. Century Inc holds 0% or 53,404 shares. Invesco invested in 873,922 shares. Whittier Trust Of Nevada invested 0% in Sanmina Corporation (NASDAQ:SANM). Kennedy Cap reported 661,626 shares. Legal And General Public Limited holds 207,452 shares. Amer Grp Incorporated owns 52,678 shares for 0.01% of their portfolio. 9,156 were accumulated by Proshare Limited Liability Co. Commonwealth Bankshares Of accumulated 17,300 shares. 6,190 are held by Bnp Paribas Arbitrage. Illinois-based Envestnet Asset Mngmt has invested 0% in Sanmina Corporation (NASDAQ:SANM). United Serv Automobile Association holds 0.01% or 101,440 shares in its portfolio.

Since November 19, 2018, it had 0 buys, and 1 insider sale for $379,819 activity.

The stock of Sanmina Corporation (NASDAQ:SANM) registered an increase of 21.27% in short interest. SANM’s total short interest was 973,400 shares in May as published by FINRA. Its up 21.27% from 802,700 shares, reported previously. With 490,600 shares average volume, it will take short sellers 2 days to cover their SANM’s short positions. The short interest to Sanmina Corporation’s float is 1.46%.

The stock decreased 1.37% or $0.45 during the last trading session, reaching $32.85. About 216,543 shares traded. Sanmina Corporation (NASDAQ:SANM) has risen 15.43% since May 8, 2018 and is uptrending. It has outperformed by 11.06% the S&P500.

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company has market cap of $2.27 billion. The firm offers product design and engineering solutions comprising concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services. It has a 20.24 P/E ratio. It also provides interconnect systems, such as printed circuit board fabrication, backplane, and cable assemblies; and mechanical systems, including enclosures, precision machining, and plastic injection molding; non-volatile DIMMs, solid state drives, and DRAM solutions; defense and aerospace products; storage products; and optical and radio frequency modules.

More notable recent Sanmina Corporation (NASDAQ:SANM) news were published by: Fool.com which released: “Why Corning, Xerox, and Sanmina Jumped Today – Motley Fool” on January 29, 2019, also Prnewswire.com with their article: “SCI Technology’s AeroGuardâ„¢ Named 2018 Drone Security New Product of the Year by Security Today Magazine – PR Newswire” published on September 24, 2018, Nasdaq.com published: “Technology Sector Update for 04/30/2019: SANM,IIN,PI,CGNX – Nasdaq” on April 30, 2019. More interesting news about Sanmina Corporation (NASDAQ:SANM) were released by: Benzinga.com and their article: “Newisys Renames Business to Viking Enterprise Solutions, Announces New Products – Benzinga” published on November 12, 2018 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About Signet Jewelers Limited (SIG) – Yahoo Finance” with publication date: May 02, 2019.

Sanmina Corporation (NASDAQ:SANM) Institutional Positions Chart

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