Short Interest in Super Micro Computer, Inc. (NASDAQ:SMCI) Increases By 18.8%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 91,660,000 shares, an increase of 18.8% from the January 15th total of 77,150,000 shares. Based on an average trading volume of 71,340,000 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer during the 4th quarter valued at $30,000. Trust Co. of Vermont raised its holdings in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC raised its holdings in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after acquiring an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer in the 4th quarter worth $31,000. Institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several research analyst reports. Wedbush upped their price target on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Northland Securities restated an "outperform" rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Loop Capital upped their price target on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.20.

Super Micro Computer Stock Up 16.5 %

Shares of Super Micro Computer stock traded up $7.89 during midday trading on Tuesday, reaching $55.80. 160,139,150 shares of the company's stock traded hands, compared to its average volume of 58,585,977. The company has a market cap of $32.67 billion, a price-to-earnings ratio of 28.01 and a beta of 1.30. The company's 50 day simple moving average is $33.97 and its 200 day simple moving average is $39.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.