Daktronics, Inc. (NASDAQ:DAKT) Short Interest Update

Daktronics, Inc. (NASDAQ:DAKT – Get Rating) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 641,300 shares, an increase of 36.8% from the March 15th total of 468,900 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Separately, StockNews.com assumed coverage on shares of Daktronics in a research note on Thursday, March 31st. They set a “hold” rating for the company.

In other Daktronics news, CEO Reece A. Kurtenbach bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was purchased at an average cost of $4.02 per share, with a total value of $40,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. First Personal Financial Services lifted its position in shares of Daktronics by 3.9% during the third quarter. First Personal Financial Services now owns 345,444 shares of the technology company’s stock worth $1,876,000 after purchasing an additional 12,870 shares during the last quarter. HighVista Strategies LLC bought a new stake in shares of Daktronics during the third quarter worth $69,000. Public Sector Pension Investment Board lifted its position in shares of Daktronics by 3.6% during the third quarter. Public Sector Pension Investment Board now owns 93,344 shares of the technology company’s stock worth $507,000 after purchasing an additional 3,245 shares during the last quarter. Strs Ohio lifted its position in shares of Daktronics by 13.2% during the third quarter. Strs Ohio now owns 130,000 shares of the technology company’s stock worth $705,000 after purchasing an additional 15,200 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Daktronics during the third quarter worth $260,000. Institutional investors and hedge funds own 50.68% of the company’s stock.

NASDAQ DAKT traded down $0.01 on Friday, hitting $3.65. 172,642 shares of the stock were exchanged, compared to its average volume of 238,812. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.02 and a current ratio of 1.61. The stock has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $4.83. The firm has a market capitalization of $165.97 million, a P/E ratio of 91.27 and a beta of 0.62. Daktronics has a 52-week low of $3.63 and a 52-week high of $7.23.

Daktronics (NASDAQ:DAKT – Get Rating) last posted its quarterly earnings data on Thursday, March 10th. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). Daktronics had a return on equity of 1.00% and a net margin of 0.35%.

Daktronics Company Profile (Get Rating)

Daktronics, Inc designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor LED video displays, including centerhung, landmark, ribbon board, and corporate office entrance displays, as well as video walls and hanging banners; mobile and modular display systems; architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.

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