Short Interest Update on Avnet (AVT)

Avnet (AVT) has 3,226,221 shares of shorts outstanding as on August 15, 2016, with 3 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,524,406 shares. The stock has a decent trading volume of 1,105,810 shares daily. The marginal decrease in the short positions is by -8.5%, which amounts to -298,185 shares. Short positions are 2.5% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Avnet (NYSE:AVT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.44 and $41.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.65, notching a gain of 0.26% for the day. The total traded volume was 838,529 . The stock had closed at $41.54 on the previous day.


In a related news, The officer (Senior Vice President), of Avnet Inc, Miller Maryann G. had unloaded 9,562 shares at $42.45 per share in a transaction on September 9, 2015. The total value of transaction was $405,907. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Avnet, Inc. distributes electronic components, enterprise computer and storage products, information technology solutions and services, and embedded subsystems. The Company operates in two segments: Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions of the world: the Americas; Europe, the Middle East and Africa; and Asia/Pacific, consisting of Asia, Australia and New Zealand. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices, and embedded products to a diverse customer base serving many end-markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the technology manufacturers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random-access memory module technologies to manufacturers of computers and system builders.

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