Viavi Solutions Inc. (NASDAQ:VIAV) Short Interest Down 22.4% in January

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 4,160,000 shares, a decrease of 22.4% from the January 15th total of 5,360,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the short-interest ratio is currently 2.1 days. Currently, 1.9% of the shares of the stock are sold short.

Viavi Solutions Stock Down 0.3 %

Shares of NASDAQ VIAV traded down $0.04 during mid-day trading on Tuesday, reaching $12.11. The company had a trading volume of 2,713,829 shares, compared to its average volume of 2,337,259. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The stock has a market capitalization of $2.69 billion, a PE ratio of -67.27 and a beta of 0.92. Viavi Solutions has a twelve month low of $6.60 and a twelve month high of $12.91. The stock's 50 day moving average is $10.77 and its 200-day moving average is $9.63.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the transaction, the director now directly owns 180,333 shares in the company, valued at approximately $1,805,133.33. The trade was a 14.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total transaction of $29,224.86. Following the transaction, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

Hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in Viavi Solutions during the third quarter worth $25,000. Picton Mahoney Asset Management increased its position in Viavi Solutions by 35.0% during the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after buying an additional 833 shares during the last quarter. Sterling Capital Management LLC increased its position in Viavi Solutions by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock worth $70,000 after buying an additional 6,171 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Viavi Solutions during the fourth quarter worth $75,000. Finally, Sanctuary Advisors LLC acquired a new position in Viavi Solutions during the second quarter worth $76,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on VIAV shares. Stifel Nicolaus reiterated a "buy" rating and set a $13.00 price objective (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Argus lifted their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. B. Riley boosted their price target on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, UBS Group upped their price target on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.