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

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was the recipient of a significant increase in short interest during the month of 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 daily volume of 71,340,000 shares, the short-interest ratio is currently 1.3 days.

Super Micro Computer Stock Up 8.0 %

Shares of NASDAQ:SMCI traded up $4.45 during mid-day trading on Wednesday, hitting $60.25. 336,150,802 shares of the company traded hands, compared to its average volume of 67,345,164. The firm has a market cap of $35.28 billion, a P/E ratio of 30.25 and a beta of 1.30. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $122.90. The firm's 50 day simple moving average is $34.41 and its 200 day simple moving average is $39.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Wedbush boosted their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Argus cut Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Northland Securities reissued an "outperform" rating and issued a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Finally, Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $60.20.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the business. Emerald Mutual Fund Advisers Trust bought a new position in shares of Super Micro Computer during the third quarter worth about $87,000. Wealth Effects LLC grew its position in shares of Super Micro Computer by 90.7% in the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company's stock worth $214,000 after acquiring an additional 245 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock valued at $4,733,000 after acquiring an additional 258 shares during the last quarter. TrueWealth Advisors LLC increased its stake in Super Micro Computer by 99.0% during the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company's stock valued at $247,000 after purchasing an additional 295 shares during the last quarter. Finally, Wahed Invest LLC lifted its position in shares of Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after buying an additional 352 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

About Super Micro Computer

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.