Could Arrow Electronics Inc (NYSE:ARW) Change Direction After Less Shorts?

September 16, 2018 - By Kyle Williams

Arrow Electronics, Inc. (NYSE:ARW) Logo

Investors sentiment increased to 1.03 in 2018 Q2. Its up 0.23, from 0.8 in 2018Q1. It is positive, as 32 investors sold Arrow Electronics, Inc. shares while 108 reduced holdings. 34 funds opened positions while 110 raised stakes. 79.64 million shares or 0.26% less from 79.84 million shares in 2018Q1 were reported.
Rbf Capital Limited Liability, California-based fund reported 20,000 shares. Moreover, Delphi Management Ma has 1.38% invested in Arrow Electronics, Inc. (NYSE:ARW). Mutual Of America Capital Mgmt Ltd Liability Com reported 75,106 shares stake. Janney Montgomery Scott Limited Liability Com has 0.01% invested in Arrow Electronics, Inc. (NYSE:ARW) for 14,268 shares. 1.77M were accumulated by Cooke & Bieler Lp. Aperio Grp Incorporated Ltd stated it has 0.05% in Arrow Electronics, Inc. (NYSE:ARW). Jane Street Grp Ltd Liability Co stated it has 0% in Arrow Electronics, Inc. (NYSE:ARW). Gideon Advsr Inc owns 2,808 shares or 0.11% of their US portfolio. The New York-based Bluemountain Capital Mngmt Llc has invested 0.01% in Arrow Electronics, Inc. (NYSE:ARW). Whitebox Advsr Ltd Limited Liability Company invested in 0.01% or 3,854 shares. Moreover, Jacobs Levy Equity Incorporated has 0.34% invested in Arrow Electronics, Inc. (NYSE:ARW) for 289,239 shares. Mackenzie invested 0% in Arrow Electronics, Inc. (NYSE:ARW). Pub Employees Retirement Sys Of Ohio invested in 0.02% or 63,355 shares. Utd Ser Automobile Association reported 5,229 shares. Advisory Llc invested 0.01% in Arrow Electronics, Inc. (NYSE:ARW).

Since May 29, 2018, it had 0 buys, and 3 selling transactions for $1.10 million activity. Anderson Matthew R sold $132,367 worth of stock. $810,766 worth of Arrow Electronics, Inc. (NYSE:ARW) shares were sold by Morris Mary Catherine.

The stock of Arrow Electronics Inc (NYSE:ARW) registered a decrease of 0.44% in short interest. ARW’s total short interest was 2.73 million shares in September as published by FINRA. Its down 0.44% from 2.74M shares, reported previously. With 444,000 shares average volume, it will take short sellers 6 days to cover their ARW’s short positions. The short interest to Arrow Electronics Inc’s float is 3.15%.

The stock increased 0.98% or $0.75 during the last trading session, reaching $77.04. About 346,097 shares traded. Arrow Electronics, Inc. (NYSE:ARW) has declined 4.21% since September 16, 2017 and is downtrending. It has underperformed by 19.83% the S&P500.

Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company has market cap of $6.73 billion. The firm operates in two divisions, Global Components and Global Enterprise Computing Solutions. It has a 13.82 P/E ratio. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other services and products.

Arrow Electronics, Inc. (NYSE:ARW) Ratings Coverage

Among 3 analysts covering Arrow Electronics (NYSE:ARW), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Arrow Electronics had 3 analyst reports since May 4, 2018 according to SRatingsIntel. As per Friday, May 4, the company rating was maintained by Deutsche Bank. The firm has “Buy” rating by Stifel Nicolaus given on Friday, May 4.

Arrow Electronics, Inc. (NYSE:ARW) Institutional Positions Chart

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