CalAmp (CAMP) : Traders are increasing their bearish positions on the stock, as is visible by the 1.9% jump in the outstanding short positions; a total addition of 76,057 shares on the sell side. On Jul 29, 2016, the total short positions were 4,096,799 shares, which went up to 4,172,856 shares by the close of trading on August 15, 2016. It will take 8 days for the bears to roll over or cover. An average of 544,372 shares exchange hands daily. 11.8% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
CalAmp (NASDAQ:CAMP): The stock opened at $14.87 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.02 for the day. The stock traded down to $14.61 during the day, due to lack of any buying support eventually closed down at $14.66 with a loss of -1.81% for the day. The stock had closed at $14.93 on the previous day. The total traded volume was 305,202 shares.
In a related news, Vitelle Richard K, officer (Executive VP & CFO) of Calamp Corp., unloaded 15,000 shares at an average price of $15.05 on August 1, 2016. The total amount of the transaction was worth $225,750, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company has two business segments: Wireless DataCom and Satellite. The Companys Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere. The Companys MRM and M2M solutions collect, monitor and report data and intelligence from remote and mobile assets. It delivers products, software services and solutions for energy, government, transportation and automotive vertical markets. The Companys Satellite segment develops, manufactures and sells direct-broadcast satellite (DBS) outdoor customer premise equipment and whole home video networking devices providing the delivery of digital and high definition satellite television services.