Embotelladora Andina S.A. (AKO-B) Forms $29.49 Double Top; Avid Tech (AVID) Shorts Lowered By 1.47%

Embotelladora Andina S.A. (AKO-B) formed double top with $30.37 target or 3.00% above today’s $29.49 share price. Embotelladora Andina S.A. (AKO-B) has $4.38B valuation. The stock increased 1.71% or $0.5 during the last trading session, reaching $29.49. About 4,762 shares traded. Embotelladora Andina S.A. (NYSE:AKO.B) has risen 20.14% since January 25, 2017 and is uptrending. It has outperformed by 3.44% the S&P500.

Avid Tech Incorporated (NASDAQ:AVID) had a decrease of 1.47% in short interest. AVID’s SI was 4.28 million shares in January as released by FINRA. Its down 1.47% from 4.34 million shares previously. With 721,000 avg volume, 6 days are for Avid Tech Incorporated (NASDAQ:AVID)’s short sellers to cover AVID’s short positions. The SI to Avid Tech Incorporated’s float is 13.02%. The stock decreased 0.72% or $0.04 during the last trading session, reaching $5.49. About 65,414 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 5.06% since January 25, 2017 and is downtrending. It has underperformed by 21.76% the S&P500.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.55, from 1.55 in 2017Q2. It dived, as 14 investors sold Avid Technology, Inc. shares while 23 reduced holdings. 14 funds opened positions while 23 raised stakes. 28.25 million shares or 1.15% less from 28.58 million shares in 2017Q2 were reported. Jacobs Levy Equity holds 380,385 shares or 0.03% of its portfolio. The Germany-based Deutsche Natl Bank Ag has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Pnc Financial Service Gp invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Teton Advisors holds 65,000 shares. Legal General Gru Public Limited Company holds 10,481 shares or 0% of its portfolio. Gabelli Funds Limited Liability owns 45,000 shares for 0% of their portfolio. Eaton Vance, Massachusetts-based fund reported 23,555 shares. Sg Americas Ltd Limited Liability Company holds 28,754 shares. Citigroup Inc reported 104 shares stake. Invesco owns 80,890 shares for 0% of their portfolio. S Squared Tech Ltd Liability Corporation invested in 49,568 shares or 0.19% of the stock. 2.55M are held by Vanguard Grp Inc. Parametric Portfolio Assoc Limited Liability Co has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Zebra Mgmt Ltd Liability Co accumulated 13,086 shares or 0.02% of the stock. Tiaa Cref Invest Mngmt Ltd Liability Company invested in 88,741 shares.

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, August 11 by Dougherty & Company. BWS Financial maintained the stock with “Buy” rating in Wednesday, November 11 report. The stock has “Hold” rating by BWS Financial on Thursday, November 10. Singular Research initiated Avid Technology, Inc. (NASDAQ:AVID) rating on Wednesday, December 9. Singular Research has “Buy” rating and $8.50 target. The rating was downgraded by Dougherty on Thursday, December 7 to “Sell”.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $226.11 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

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