TiVo Corporation (TIVO) Short Interest Down 32.8% in January
TiVo Corporation (NASDAQ:TIVO) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,831,627 shares, a decline of 32.8% from the January 13th total of 2,725,796 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 632,219 shares, the days-to-cover ratio is currently 2.9 days.
In related news, Director Glenn W. Welling acquired 75,000 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were acquired at an average cost of $21.30 per share, for a total transaction of $1,597,500.00. Following the completion of the purchase, the director now directly owns 40,689 shares in the company, valued at $866,675.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.00% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC purchased a new stake in TiVo Corporation during the fourth quarter worth about $111,000. Parallel Advisors LLC purchased a new stake in TiVo Corporation during the fourth quarter worth about $111,000. Flinton Capital Management LLC purchased a new stake in TiVo Corporation during the fourth quarter worth about $134,000. Ellington Management Group LLC purchased a new stake in TiVo Corporation during the fourth quarter worth about $219,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in TiVo Corporation during the fourth quarter worth about $280,000. Institutional investors and hedge funds own 92.14% of the company’s stock.
Shares of TiVo Corporation (NASDAQ:TIVO) opened at 21.00 on Friday. The company has a market capitalization of $2.45 billion, a PE ratio of 35.90 and a beta of 0.30. The firm has a 50-day moving average of $19.68 and a 200 day moving average of $20.30. TiVo Corporation has a 12 month low of $15.06 and a 12 month high of $23.70.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.43%.
TIVO has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and set a $31.00 price objective on shares of TiVo Corporation in a research note on Saturday, December 3rd. Zacks Investment Research upgraded shares of TiVo Corporation from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $34.00 price objective on shares of TiVo Corporation in a research note on Wednesday, November 30th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.54.
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TiVo Corporation Company Profile
TiVo Corporation, formerly Titan Technologies Corporation, is a holding company. The Company’s subsidiaries include Rovi Corporation and TiVo Inc The Company, through TiVo Inc, is engaged in providing video technology software services and cloud-based software-as-a-service solutions. TiVo Inc’s software and cloud-based services provide an approach for navigating content chaos by combining live, recorded, Video on Demand (VOD) content into an intuitive user interface with universal search, discovery, viewing and recording, and creating a unified viewing experience.
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