Digi International Inc. (DGII) Is At $10.80 Formed Wedge; Newell Brands (NWL) Shorts Raised By 5.09%

March 8, 2018 - By Shannon Black

Digi International Inc. (DGII) formed wedge up with $11.23 target or 4.00% above today’s $10.80 share price. Digi International Inc. (DGII) has $291.91M valuation. The stock increased 1.41% or $0.15 during the last trading session, reaching $10.8. About 58,172 shares traded. Digi International Inc. (NASDAQ:DGII) has declined 12.18% since March 8, 2017 and is downtrending. It has underperformed by 28.88% the S&P500.

Newell Brands Inc (NYSE:NWL) had an increase of 5.09% in short interest. NWL’s SI was 19.85 million shares in March as released by FINRA. Its up 5.09% from 18.89M shares previously. With 15.38M avg volume, 1 days are for Newell Brands Inc (NYSE:NWL)’s short sellers to cover NWL’s short positions. The SI to Newell Brands Inc’s float is 4.09%. The stock decreased 2.47% or $0.69 during the last trading session, reaching $27.2. About 5.23 million shares traded. Newell Brands Inc. (NYSE:NWL) has risen 11.94% since March 8, 2017 and is uptrending. It has underperformed by 4.76% the S&P500.

Newell Brands Inc. designs, sources, and distributes consumer and commercial products worldwide. The company has market cap of $13.33 billion. The firm offers markers and highlighters, pens, and pencils; art products; activity adhesive and cutting products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Prismacolor, Mr.Sketch, Elmer's, X-Acto, Parker, Waterman, and Dymo Office brands. It has a 4.83 P/E ratio. It also provides indoor/outdoor organization, food storage, and home storage products; durable beverage containers; gourmet cookware, bakeware, and cutlery products; and hair care accessories under the Rubbermaid, Contigo, bubba, Calphalon, and Goody brands; and home fragrance products under the WoodWick Candle brand.

Among 20 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Newell Rubbermaid Inc. had 62 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Jefferies to “Hold” on Monday, September 11. The stock has “Overweight” rating by Piper Jaffray on Tuesday, December 15. B. Riley & Co maintained the stock with “Buy” rating in Monday, May 2 report. As per Friday, January 26, the company rating was downgraded by RBC Capital Markets. Deutsche Bank maintained it with “Buy” rating and $52 target in Monday, May 2 report. On Tuesday, October 17 the stock rating was maintained by Jefferies with “Hold”. The rating was downgraded by Raymond James to “Mkt Perform” on Tuesday, December 15. As per Tuesday, July 21, the company rating was initiated by Sterne Agee CRT. The stock of Newell Brands Inc. (NYSE:NWL) earned “Outperform” rating by Wells Fargo on Tuesday, November 15. The firm has “Hold” rating given on Thursday, November 2 by J.P. Morgan.

Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.39, from 1.11 in 2017Q2. It turned negative, as 71 investors sold Newell Brands Inc. shares while 188 reduced holdings. 70 funds opened positions while 217 raised stakes. 442.84 million shares or 0.35% more from 441.31 million shares in 2017Q2 were reported. Skylands Ltd Liability Corp, a Wisconsin-based fund reported 4,295 shares. Icon Advisers Incorporated accumulated 221,800 shares or 0.66% of the stock. Sterling Cap Lc accumulated 1.35 million shares. Banque Pictet And Cie Sa holds 441,339 shares. Riverhead Cap Mgmt Ltd holds 11,738 shares. Denver Inv Limited Liability has 0.35% invested in Newell Brands Inc. (NYSE:NWL) for 166,988 shares. Cibc Markets accumulated 0% or 17,063 shares. Oppenheimer Asset reported 2,239 shares. Ferguson Wellman Cap Mgmt Inc accumulated 0.08% or 51,698 shares. Meiji Yasuda Life Insurance holds 0.05% in Newell Brands Inc. (NYSE:NWL) or 7,570 shares. Campbell & Invest Adviser Limited Liability has 26,246 shares. Segall Bryant & Hamill Ltd Co has invested 0.53% in Newell Brands Inc. (NYSE:NWL). 12,096 were reported by Ibm Retirement Fund. Thornburg Invest Management invested in 0.09% or 305,184 shares. Osborne Cap Mngmt Ltd Limited Liability Company has invested 0.46% of its portfolio in Newell Brands Inc. (NYSE:NWL).

Among 5 analysts covering Digi Intl (NASDAQ:DGII), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Digi Intl had 11 analyst reports since August 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Sidoti given on Wednesday, August 24. Lake Street initiated the stock with “Buy” rating in Friday, August 28 report. The stock of Digi International Inc. (NASDAQ:DGII) earned “Buy” rating by Sidoti on Monday, December 11. The company was maintained on Friday, January 27 by Lake Street. Roth Capital initiated Digi International Inc. (NASDAQ:DGII) on Friday, February 2 with “Buy” rating. The firm has “Buy” rating given on Friday, January 26 by Canaccord Genuity. Stephens initiated Digi International Inc. (NASDAQ:DGII) rating on Tuesday, September 1. Stephens has “Overweight” rating and $13 target. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, October 26. The stock has “Buy” rating by Canaccord Genuity on Thursday, July 27. On Monday, January 25 the stock rating was upgraded by Sidoti to “Buy”.

Analysts await Digi International Inc. (NASDAQ:DGII) to report earnings on May, 3. They expect $0.02 earnings per share, down 60.00% or $0.03 from last year’s $0.05 per share. DGII’s profit will be $540,570 for 135.00 P/E if the $0.02 EPS becomes a reality. After $-0.07 actual earnings per share reported by Digi International Inc. for the previous quarter, Wall Street now forecasts -128.57% EPS growth.

Since February 16, 2018, it had 0 buys, and 1 insider sale for $42,000 activity. Riley Kevin C. sold $42,000 worth of stock.

Investors sentiment increased to 1.31 in Q3 2017. Its up 0.36, from 0.95 in 2017Q2. It is positive, as 14 investors sold Digi International Inc. shares while 30 reduced holdings. 12 funds opened positions while 30 raised stakes. 20.57 million shares or 0.09% less from 20.59 million shares in 2017Q2 were reported. Great West Life Assurance Can has invested 0% in Digi International Inc. (NASDAQ:DGII). Meeder Asset Mngmt Inc reported 447 shares. Dimensional Fund Advsrs L P owns 2.22M shares. California State Teachers Retirement Systems reported 0% in Digi International Inc. (NASDAQ:DGII). Bank & Trust Of Montreal Can invested 0% in Digi International Inc. (NASDAQ:DGII). Teachers Retirement System Of The State Of Kentucky reported 5,500 shares. Fincl Bank Of America Corporation De owns 134,553 shares. Los Angeles Mngmt & Equity Rech owns 33,561 shares. State Board Of Administration Of Florida Retirement invested in 0% or 34,476 shares. Voya Lc holds 0% of its portfolio in Digi International Inc. (NASDAQ:DGII) for 16,093 shares. Federated Investors Pa holds 0% or 47,891 shares in its portfolio. Ameritas Investment Ptnrs owns 2,313 shares. Pnc Services Gru reported 0% stake. Deutsche Financial Bank Ag holds 28,317 shares. Riverbridge Ptnrs Limited Liability reported 1.31M shares.