Sprott Decreased By $6.14 Million Its Cenovus Energy (CVE) Position; Addvantage Tech Group (AEY) Shorts Decreased By 34.59%

June 19, 2017 - By wolcottdaily

Addvantage Tech Group Incorporated (NASDAQ:AEY) had a decrease of 34.59% in short interest. AEY’s SI was 10,400 shares in June as released by FINRA. Its down 34.59% from 15,900 shares previously. With 8,000 avg volume, 1 days are for Addvantage Tech Group Incorporated (NASDAQ:AEY)’s short sellers to cover AEY’s short positions. The SI to Addvantage Tech Group Incorporated’s float is 0.23%. It closed at $1.63 lastly. It is down 4.97% since June 19, 2016 and is downtrending. It has underperformed by 21.67% the S&P500.

Sprott Inc decreased Cenovus Energy Inc (CVE) stake by 95.05% reported in 2016Q4 SEC filing. Sprott Inc sold 409,375 shares as Cenovus Energy Inc (CVE)’s stock declined 29.14%. The Sprott Inc holds 21,325 shares with $323,000 value, down from 430,700 last quarter. Cenovus Energy Inc now has $9.79 billion valuation. It closed at $7.91 lastly. It is down 34.01% since June 19, 2016 and is downtrending. It has underperformed by 50.71% the S&P500.

Sprott Inc increased Barrick Gold Corp (NYSE:ABX) stake by 984,115 shares to 998,194 valued at $15.95 million in 2016Q4. It also upped Transcanada Corp (NYSE:TRP) stake by 17,473 shares and now owns 742,493 shares. Pan American Silver Corp (NASDAQ:PAAS) was raised too.

Among 14 analysts covering Cenovus Energy Inc (NYSE:CVE), 6 have Buy rating, 2 Sell and 6 Hold. Therefore 43% are positive. Cenovus Energy Inc had 19 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital downgraded Cenovus Energy Inc (USA) (NYSE:CVE) on Monday, October 12 to “Underweight” rating. The rating was initiated by Bank of America with “Neutral” on Friday, August 19. Nomura upgraded Cenovus Energy Inc (USA) (NYSE:CVE) on Thursday, January 21 to “Neutral” rating. On Tuesday, January 24 the stock rating was downgraded by Macquarie Research to “Underperform”. The firm has “Sell” rating given on Monday, January 23 by Goldman Sachs. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned “Outperform” rating by RBC Capital Markets on Thursday, April 28. Morgan Stanley upgraded the shares of CVE in report on Monday, June 13 to “Overweight” rating. On Tuesday, January 26 the stock rating was downgraded by UBS to “Neutral”. The firm has “Neutral” rating by JP Morgan given on Tuesday, December 15. The firm earned “Neutral” rating on Tuesday, December 1 by Goldman Sachs.

Analysts await Cenovus Energy Inc (USA) (NYSE:CVE) to report earnings on July, 27. They expect $0.04 EPS, up 200.00% or $0.08 from last year’s $-0.04 per share. CVE’s profit will be $49.51 million for 49.44 P/E if the $0.04 EPS becomes a reality. After $-0.04 actual EPS reported by Cenovus Energy Inc (USA) for the previous quarter, Wall Street now forecasts -200.00% EPS growth.

ADDvantage Technologies Group, Inc., through its subsidiaries, distributes and services a range of electronics and hardware for the cable television and telecommunications (Telco) industries. The company has market cap of $16.22 million. The Firm provides equipment repair services to cable operators. It has a 46.88 P/E ratio. The Firm has two divisions: Cable Television (Cable TV) and Telecommunications (Telco).

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