Boothbay Fund Management Decreased By $1.64 Million Its Western Digital (WDC) Stake; Rubicon Tech (RBCN) Shorts Increased By 1.8%

January 19, 2018 - By Dolores Ford

Rubicon Tech Incorporated (NASDAQ:RBCN) had an increase of 1.8% in short interest. RBCN’s SI was 90,400 shares in January as released by FINRA. Its up 1.8% from 88,800 shares previously. With 11,200 avg volume, 8 days are for Rubicon Tech Incorporated (NASDAQ:RBCN)’s short sellers to cover RBCN’s short positions. The stock increased 0.13% or $0.01 during the last trading session, reaching $7.92. About 2,737 shares traded. Rubicon Technology, Inc. (NASDAQ:RBCN) has risen 39.08% since January 19, 2017 and is uptrending. It has outperformed by 22.38% the S&P500.

Boothbay Fund Management Llc decreased Western Digital Corp (WDC) stake by 73.6% reported in 2017Q3 SEC filing. Boothbay Fund Management Llc sold 19,094 shares as Western Digital Corp (WDC)’s stock rose 15.69%. The Boothbay Fund Management Llc holds 6,848 shares with $592,000 value, down from 25,942 last quarter. Western Digital Corp now has $25.34 billion valuation. The stock decreased 0.84% or $0.73 during the last trading session, reaching $85.67. About 2.36 million shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 125.85% since January 19, 2017 and is uptrending. It has outperformed by 109.15% the S&P500.

Rubicon Technology, Inc., an advanced materials provider, develops, makes, and sells monocrystalline sapphire products for optical and industrial systems. The company has market cap of $21.64 million. It offers optical and industrial sapphire products in various shapes and sizes, including round and rectangular windows and blanks, domes, tubes, and rods for a range of end markets comprising defense and aerospace, specialty lighting, instrumentation, sensors and detectors, semiconductor process equipment, electronic substrates, medical, and laser applications. It currently has negative earnings. The companyÂ’s product lines include very thin, double-side polished windows as thin as 300 microns for 6 inches optical windows, and very large-area blanks and polished windows; round C-plane sapphire windows approximately 11 inches in diameter and A-plane windows approximately 18 inches in diameter with UV grade windows approximately 13.5 inches in diameter; and sapphire window blanks at 18 x 36 x 1 inches dimensions.

Boothbay Fund Management Llc increased First Data Corp New stake by 53,242 shares to 111,630 valued at $2.01 million in 2017Q3. It also upped Kbl Merger Corp Iv stake by 328,463 shares and now owns 645,763 shares. Select Sector Spdr Tr (XLI) was raised too.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on January, 24. They expect $3.44 EPS, up 73.74% or $1.46 from last year’s $1.98 per share. WDC’s profit will be $1.02 billion for 6.23 P/E if the $3.44 EPS becomes a reality. After $3.28 actual EPS reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts 4.88% EPS growth.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 149 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Guggenheim on Monday, June 26. The firm has “Outperform” rating given on Tuesday, May 24 by Cowen & Co. The firm has “Buy” rating by Mizuho given on Thursday, October 27. On Thursday, July 30 the stock rating was maintained by Maxim Group with “Buy”. The firm has “Overweight” rating given on Friday, October 27 by Barclays Capital. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Equal-Weight” rating by Morgan Stanley on Friday, May 27. As per Tuesday, December 20, the company rating was upgraded by Goldman Sachs. Jefferies maintained Western Digital Corporation (NASDAQ:WDC) rating on Wednesday, August 17. Jefferies has “Buy” rating and $54 target. As per Tuesday, June 27, the company rating was maintained by FBN Securities. Barclays Capital maintained Western Digital Corporation (NASDAQ:WDC) on Tuesday, August 16 with “Overweight” rating.

Investors sentiment is 1.12 in Q3 2017. Its the same as in 2017Q2. It is without change, as 65 investors sold WDC shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported. Cornerstone Invest Ptnrs Limited Liability Com accumulated 2.95% or 1.56 million shares. Sfmg Ltd Limited Liability Company has invested 0.05% in Western Digital Corporation (NASDAQ:WDC). Next Grp Inc owns 0.03% invested in Western Digital Corporation (NASDAQ:WDC) for 1,287 shares. Mutual Of America Capital Mgmt Ltd Liability Corporation holds 0.12% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 86,014 shares. 395,116 were accumulated by Renaissance Gp Ltd Liability Company. Fmr Limited Company holds 0.02% or 2.18M shares. Affinity Invest Advsr reported 126,357 shares stake. Old Natl Bankshares In holds 0.02% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 3,301 shares. Orca Investment Management Limited Liability Company holds 4.47% or 58,405 shares. Verition Fund Llc has 0.11% invested in Western Digital Corporation (NASDAQ:WDC) for 16,520 shares. Paragon Cap Mngmt invested in 2,618 shares. First Natl Trust reported 8,128 shares or 0.08% of all its holdings. Pictet North America Advsrs Sa invested 0.49% in Western Digital Corporation (NASDAQ:WDC). Axa owns 47,290 shares. Commonwealth Bancorporation Of Aus holds 0.02% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 24,214 shares.

Since August 3, 2017, it had 0 buys, and 10 insider sales for $6.56 million activity. 1,446 shares were sold by LONG MARK P, worth $126,713 on Monday, September 11. Shares for $1.66 million were sold by BHATIA MANISH H. 3,670 shares were sold by CORDANO MICHAEL D, worth $302,975. DeMaria Jacqueline had sold 14,358 shares worth $1.21M on Thursday, August 3. Sivaram Srinivasan sold $263,330 worth of stock.

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