Calix Inc (NYSE:CALX) Short Interest Down 10.9% in October

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

Several equities research analysts have recently issued reports on CALX shares. ValuEngine raised Calix from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Zacks Investment Research cut Calix from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $9.00 target price on shares of Calix in a report on Wednesday, October 23rd.

Shares of CALX stock opened at $7.73 on Monday. Calix has a 12-month low of $5.60 and a 12-month high of $11.30. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $7.05 and its 200-day moving average price is $6.56. The stock has a market capitalization of $430.04 million, a price-to-earnings ratio of -23.42 and a beta of 0.67.

In other Calix news, Director Michael Matthews sold 6,800 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $7.54, for a total transaction of $51,272.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donald J. Listwin purchased 25,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were acquired at an average cost of $7.97 per share, for a total transaction of $199,250.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 68,846 shares of company stock worth $457,359. Insiders own 18.57% of the company’s stock.

Several hedge funds have recently modified their holdings of CALX. Paradigm Capital Management Inc. NY increased its holdings in shares of Calix by 970.0% in the second quarter. Paradigm Capital Management Inc. NY now owns 855,982 shares of the communications equipment provider’s stock worth $5,615,000 after purchasing an additional 775,982 shares during the last quarter. Heartland Advisors Inc. increased its holdings in shares of Calix by 178.2% in the second quarter. Heartland Advisors Inc. now owns 603,200 shares of the communications equipment provider’s stock worth $3,957,000 after purchasing an additional 386,400 shares during the last quarter. Divisar Capital Management LLC increased its holdings in shares of Calix by 10.4% in the second quarter. Divisar Capital Management LLC now owns 3,405,036 shares of the communications equipment provider’s stock worth $22,337,000 after purchasing an additional 320,000 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Calix by 19.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,419,090 shares of the communications equipment provider’s stock worth $9,309,000 after purchasing an additional 234,719 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Calix in the second quarter worth about $1,105,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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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