Trading Report: Today, Datalink Corp. (DTLK) Sees Large Drop in Short Interest

Today, Datalink Corp. (DTLK) Sees Large Drop in Short Interest

Datalink Corp. (NASDAQ:DTLK) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 265,114 shares, a decrease of 50.8% from the October 31st total of 538,617 shares. Based on an average trading volume of 980,485 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.4% of the shares of the stock are sold short.

Shares of Datalink Corp. (NASDAQ:DTLK) opened at 11.16 on Tuesday. The stock has a market cap of $250.21 million, a P/E ratio of 36.83 and a beta of 0.95. Datalink Corp. has a 1-year low of $6.13 and a 1-year high of $11.23. The company’s 50-day moving average is $10.54 and its 200-day moving average is $9.42.

Datalink Corp. (NASDAQ:DTLK) last posted its earnings results on Monday, November 7th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.06. The firm had revenue of $183.97 million for the quarter, compared to analysts’ expectations of $191.98 million. Datalink Corp. had a net margin of 0.89% and a return on equity of 3.89%. Datalink Corp.’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. Equities analysts expect that Datalink Corp. will post $0.58 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of DTLK. Alambic Investment Management L.P. raised its position in Datalink Corp. by 0.6% in the third quarter. Alambic Investment Management L.P. now owns 16,576 shares of the company’s stock valued at $176,000 after buying an additional 100 shares during the period. California State Teachers Retirement System raised its position in Datalink Corp. by 0.7% in the third quarter. California State Teachers Retirement System now owns 42,523 shares of the company’s stock valued at $451,000 after buying an additional 300 shares during the period. Hancock Holding Co. raised its position in Datalink Corp. by 8.0% in the third quarter. Hancock Holding Co. now owns 15,124 shares of the company’s stock valued at $160,000 after buying an additional 1,122 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Datalink Corp. by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 631,410 shares of the company’s stock valued at $6,699,000 after buying an additional 1,635 shares during the period. Finally, New York State Common Retirement Fund raised its position in Datalink Corp. by 7.4% in the third quarter. New York State Common Retirement Fund now owns 29,474 shares of the company’s stock valued at $313,000 after buying an additional 2,035 shares during the period. 73.27% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on DTLK. Needham & Company LLC lowered shares of Datalink Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Zacks Investment Research lowered shares of Datalink Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, November 10th. Finally, Canaccord Genuity downgraded shares of Datalink Corp. from a “buy” rating to a “hold” rating and set a $11.25 price target on the stock. in a research note on Tuesday, November 8th.

Datalink Corp. Company Profile

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