Short Interest in Arrow Electronics, Inc. (NYSE:ARW) Declines By 6.0%

Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,350,000 shares, a decrease of 6.0% from the November 15th total of 2,500,000 shares. Currently, 4.5% of the company's stock are sold short. Based on an average daily trading volume, of 397,300 shares, the short-interest ratio is presently 5.9 days.

Arrow Electronics Trading Down 1.1 %

NYSE ARW traded down $1.37 on Tuesday, reaching $117.92. The company had a trading volume of 456,213 shares, compared to its average volume of 459,861. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 13.16 and a beta of 1.26. Arrow Electronics has a fifty-two week low of $108.51 and a fifty-two week high of $137.80. The business has a 50 day moving average of $124.35 and a two-hundred day moving average of $126.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.15. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the company posted $4.14 EPS. The business's quarterly revenue was down 14.8% on a year-over-year basis. Analysts forecast that Arrow Electronics will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARW. Truist Financial dropped their price target on Arrow Electronics from $141.00 to $120.00 and set a "hold" rating for the company in a report on Friday, November 1st. Raymond James decreased their price target on Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st.

Institutional Trading of Arrow Electronics

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp lifted its holdings in Arrow Electronics by 0.3% during the second quarter. Fifth Third Bancorp now owns 28,325 shares of the technology company's stock worth $3,421,000 after acquiring an additional 82 shares during the period. Two Point Capital Management Inc. grew its holdings in Arrow Electronics by 0.4% during the second quarter. Two Point Capital Management Inc. now owns 21,584 shares of the technology company's stock valued at $2,606,000 after purchasing an additional 95 shares during the period. Summit Trail Advisors LLC raised its stake in shares of Arrow Electronics by 2.8% in the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company's stock valued at $521,000 after buying an additional 108 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Arrow Electronics by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 5,184 shares of the technology company's stock worth $626,000 after purchasing an additional 117 shares in the last quarter. Finally, Meixler Investment Management Ltd. boosted its holdings in shares of Arrow Electronics by 7.7% in the second quarter. Meixler Investment Management Ltd. now owns 1,716 shares of the technology company's stock worth $207,000 after acquiring an additional 122 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.