On May 31, Plug Power Inc (NASDAQ:PLUG) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 36,113,846 shares, a growth of 38.6% from the April 30th total of 26,059,731 shares, StockRatingsNetwork.comreports. Currently, 22.5% of the company’s shares are short sold. Based on an average daily trading volume, of 26,491,886 shares, the days-to-cover ratio is currently 1.4 days. Plug Power Inc (NASDAQ:PLUG) weekly performance is 1.16%. On last trading day company shares ended up $4.35. Analysts mean target price for the company is $4.88. Plug Power Inc (NASDAQ:PLUG) distance from 50-day simple moving average (SMA50) is -22.89%.
On May 29, in its constant search for innovative products Corning Incorporated (NYSE:GLX) has introduced a new fibre technology that will permit advanced lighting arrangements. These would be much more colourful and beautiful, apart from being very thin in appearance. Corning has named the new advanced lighting system as Fibrance (TM) Light diffusing Fiber. In essence, it is a glass optical fibre that greatly enhances the light effects in any location wherever needed. Corning Incorporated (NYSE:GLW) shares fell -0.47% in last trading session and ended the day on $21.30. Gross Margin is 42.10% and its return on assets is 6.10%. Corning Incorporated (NYSE:GLW) quarterly performance is 11.05%.
On May 8, 2014 KEMET Corporation (NYSE:KEM) a leading global supplier of electronic components, reported preliminary results for the fourth quarter and fiscal year ended March 31, 2014. Results included in this earnings release have been adjusted to reflect discontinued operations as the Film and Electrolytic Business group completed the sale of its machinery division on April 30, 2014. Net sales of $215.8 million for the quarter ended March 31, 2014 increased 4.1% from net sales of $207.3 million for the prior quarter ended December 31, 2013, and increased 8.2% compared to net sales of $199.5 million for the quarter ended March 31, 2013. For the fiscal year ended March 31, 2014 net sales were $833.7 million compared to $823.9 million for the fiscal year ended March 31, 2013. KEMET Corporation (NYSE:KEM) shares moved up 4.02% in last trading session and was closed at $5.95, while trading in range of $5.74 – $5.99. KEMET Corporation (NYSE:KEM) year to date (YTD) performance is 5.50%.
On May 30, American Superconductor Corporation (NASDAQ:AMSC) a global solutions provider serving wind and power grid industry leaders, announced that it plans to release its fourth quarter and full fiscal year 2013 financial results before the market opens on Thursday, June 5, 2014. In conjunction with this announcement, AMSC management will participate in a conference call with investors beginning at 10:00 a.m. Eastern Time on June 5. On this call, management will discuss market trends as well as the company’s recent accomplishments, financial results and business outlook. American Superconductor Corporation (NASDAQ:AMSC) ended the last trading day at $1.40. Company weekly volatility is calculated as 6.16% and price to cash ratio as 2.69. American Superconductor Corporation (NASDAQ:AMSC) showed a negative weekly performance of -2.10%.
On May 20, Sanmina Corporation (NASDAQ:SANM) announced the pricing of an offering of $375,000,000 aggregate principal amount of its 4.375% Senior Secured Notes due 2019 (the “Notes”), which represents an increase of $25,000,000 to the previously announced total aggregate principal amount. The Notes will mature on June 1, 2019 and bear interest at an annual rate of 4.375%, payable semi-annually in cash in arrears. Sanmina Corp (NASDAQ:SANM) net profit margin is 1.70% and weekly performance is 1.19%. On last trading day company shares ended up $20.35. Analysts mean target price for the company is $19.86. Sanmina Corp (NASDAQ:SANM) distance from 50-day simple moving average (SMA50) is 6.70%.
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