Short Interest Update on Sanmina Corporation (SANM)

Sanmina Corporation (SANM) : The bears are holding on to their shorts in Accenture Plc with 3 more days remaining for them to cover their positions. The bearish positions have increased from 1,152,933 on Jul 29, 2016, to 1,341,062, on August 15, 2016. Daily, 495,873 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 188,129 shares, which is an increase of just 16.3%. The total short interest of 1.8% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Sanmina Corporation (NASDAQ:SANM): The stock was completely flat for the day, closing at $26.49 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $26.54, the stock touched an intraday high of $26.76 and a low of $26.39. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $26.49. The total trading volume on Wednesday was 380,212.


In a related news, The director, of Sanmina Corp, Ward Jackie M had unloaded 25,000 shares at $26.27 per share in a transaction on August 12, 2016. The total value of transaction was $656,750. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs), in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries. Its operations are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The Companys services include product design and engineering, including initial development, detailed design, prototyping, validation, preproduction services and manufacturing design release; manufacturing of components, subassemblies and complete systems; final system assembly and test, direct order fulfillment and logistics services, and after-market product service and support, and global supply chain management.

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