Shares of Plug Power Inc (NASDAQ:PLUG) were the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 26,059,731 shares, a decrease of 12.3% from the April 15th total of 29,729,580 shares,American Banking News reports. Approximately 26.0% of the company’s shares are sold short. Based on an average daily volume of 31,046,779 shares, the days-to-cover ratio is currently 0.8 days. Plug Power Inc (NASDAQ:PLUG) weekly performance is 10.71%. On last trading day company shares ended up $4.03. Analysts mean target price for the company is $7.75. Plug Power Inc (NASDAQ:PLUG) distance from 50-day simple moving average (SMA50) is -35.22%.
Pointer Telocation Ltd. (Nasdaq:PNTR) a leading developer, manufacturer and operator of Mobile Resource Management (MRM) and roadside assistance services for the automotive industry, announced its financial results for the first quarter of 2014. Pointer recorded net income of $1.5 million or $0.22 per share in the first quarter of 2014 compared to $0.8 million, or $0.14 per share, in the first quarter of 2013. Pointer recorded non-GAAP net income of $2.2 million in the first quarter of 2014, an increase of 21% as compared to non-GAAP net income of $1.8 million in the first quarter of 2013. Pointer Telocation Limited (NASDAQ:PNTR) shares advanced 5.35% in last trading session and ended the day on $9.26. Gross Margin is 32.30% and its return on assets is 4.90%. Pointer Telocation Limited (NASDAQ:PNTR) quarterly performance is -0.11%.
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components, subsystems, and systems for the fiber optics and space solar power markets, announced its financial results for its fiscal second quarter ended March 31, 2014. Non-GAAP net loss was $3.6 million, or $0.12 per share, a decline of approximately $3.1 million, or $0.10 per share, over the immediate preceding quarter. EMCORE Corporation (NASDAQ:EMKR) shares moved up 5.03% in last trading session and was closed at $3.76, while trading in range of $3.50 – $3.77. EMCORE Corporation (NASDAQ:EMKR) year to date (YTD) performance is -26.56%.
Research analysts at Roth Capital reduced their price objective on shares of Applied Optoelectronics Inc (NASDAQ:AAOI) from $32.00 to $30.00 in a report released on Friday, AR Network reports. The firm currently has a “buy” rating on the stock. Roth Capital’s price objective points to a potential upside of 72.02% from the stock’s previous close. Applied Optoelectronics Inc (NASDAQ:AAOI) ended the last trading day at $18.15. Company weekly volatility is calculated as 7.83% and price to cash ratio as 8.93. Applied Optoelectronics Inc (NASDAQ:AAOI) showed a negative weekly performance of -4.47%.
Rackspace Hosting, Inc. (NYSE:RAX) a provider of cloud-computing services, hired Morgan Stanley to seek strategic options that could include teaming up with bigger technology companies. The company enlisted the investment bank to explore ways to expand the business, afterAmazon.com Inc. (AMZN) and Google Inc. cut prices on competing products at a faster pace than expected. The result could be a partnership or acquisition, though there is no timetable, the company said in a statement. Rackspace shares rose 7.1 percent to $30.68 at yesterday’s close inNew York and added 9 percent more in extended trading. Rackspace Hosting, Inc. (NYSE:RAX) net profit margin is 5.70% and weekly performance is 15.17%. On last trading day company shares ended up $30.68. Analysts mean target price for the company is $44.95. Rackspace Hosting, Inc. (NYSE:RAX) distance from 50-day simple moving average (SMA50) is -3.62%.