What Will Happen to Sykes Enterprises Incorporated (NASDAQ:SYKE) Next? The Stock Has Increase in Shorts

September 30, 2018 - By Palma Niemeyer

Sykes Enterprises, Incorporated (NASDAQ:SYKE) Logo

Investors sentiment decreased to 1.23 in 2018 Q2. Its down 0.01, from 1.24 in 2018Q1. It fall, as 9 investors sold Sykes Enterprises, Incorporated shares while 56 reduced holdings. 19 funds opened positions while 61 raised stakes. 37.06 million shares or 1.30% more from 36.58 million shares in 2018Q1 were reported.
First National Bank & Trust Of Omaha accumulated 47,594 shares. Credit Suisse Ag accumulated 39,524 shares. 2,908 were accumulated by Bnp Paribas Arbitrage. Stevens Capital Mgmt Lp has 7,279 shares. Hsbc Public Limited Liability accumulated 0% or 11,328 shares. Ls Inv Advisors Ltd Liability Com reported 1,206 shares. Wedge L L P Nc stated it has 0.14% of its portfolio in Sykes Enterprises, Incorporated (NASDAQ:SYKE). Robeco Institutional Asset Management Bv stated it has 4,308 shares or 0% of all its holdings. Smith Asset Gp L P invested in 910 shares or 0% of the stock. Sei Investments invested 0% of its portfolio in Sykes Enterprises, Incorporated (NASDAQ:SYKE). 11,494 are held by Mason Street Advsr Ltd Com. Legal General Grp Public Limited Co holds 84,719 shares or 0% of its portfolio. 196 were reported by Assetmark. State Of Tennessee Treasury Department holds 27,553 shares. Price T Rowe Incorporated Md holds 0% or 29,729 shares.

Since March 26, 2018, it had 0 buys, and 1 insider sale for $249,418 activity. 16,776 shares were sold by ZINGALE LAWRENCE, worth $487,343.

The stock of Sykes Enterprises Incorporated (NASDAQ:SYKE) registered an increase of 1.53% in short interest. SYKE’s total short interest was 1.40M shares in September as published by FINRA. Its up 1.53% from 1.38M shares, reported previously. With 104,200 shares average volume, it will take short sellers 14 days to cover their SYKE’s short positions. The short interest to Sykes Enterprises Incorporated’s float is 3.6%.

The stock increased 1.23% or $0.37 during the last trading session, reaching $30.49. About 155,000 shares traded or 42.30% up from the average. Sykes Enterprises, Incorporated (NASDAQ:SYKE) has risen 12.74% since September 30, 2017 and is uptrending. It has underperformed by 2.88% the S&P500.

Sykes Enterprises, Incorporated, together with its subsidiaries, provides business process outsourcing solutions. The company has market cap of $1.29 billion. The Company’s customer care services include product information requests, describing product features, activating customer accounts, resolving complaints, cross-selling/up-selling, handling billing inquiries, changing addresses, claims handling, ordering/reservations, prequalification and warranty management, providing health information, and roadside assistance. It has a 57.31 P/E ratio. The companyÂ’s technical support services comprise handling inquiries regarding hardware, software, communications services, communications equipment, Internet access technology, and Internet portal usage; and customer acquisition services focuses around digital marketing, demand generation, and in-bound sales conversion, as well as inbound and outbound up-selling its clientsÂ’ services and products.

Another recent and important Sykes Enterprises, Incorporated (NASDAQ:SYKE) news was published by Nasdaq.com which published an article titled: “Sykes Enterprises, Incorporated to Participate in Barrington Research’s 11th Annual Fall Conference” on September 25, 2018.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) Institutional Positions Chart

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