Polaris Capital Management Has Increased Infosys LTD (INFY) Stake; Shorts at GN GREAT NORDIC LTD (GGNDF) Lowered By 11.17%

November 14, 2017 - By wolcottdaily

Polaris Capital Management Llc increased Infosys Ltd (INFY) stake by 24.77% reported in 2017Q2 SEC filing. Polaris Capital Management Llc acquired 1.54 million shares as Infosys Ltd (INFY)’s stock rose

1.88%. The Polaris Capital Management Llc holds 7.77 million shares with $116.64M value, up from 6.22M last quarter. Infosys Ltd now has $33.41B valuation. The stock rose 0.07% or $0.01 reaching $14.81 per share. About 2.05M shares traded. Infosys Ltd ADR (NYSE:INFY) has declined 17.92% since November 14, 2016 and is downtrending. It has underperformed by 34.62% the S&P500.

GN GREAT NORDIC LTD (OTCMKTS:GGNDF) had a decrease of 11.17% in short interest. GGNDF’s SI was 349,900 shares in November as released by FINRA. Its down 11.17% from 393,900 shares previously. About 190 shares traded or 475.76% up from the average. GN Store Nord A S-Ord Shs (OTCMKTS:GGNDF) has 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 20 analysts covering Infosys (NYSE:INFY), 4 have Buy rating, 1 Sell and 15 Hold. Therefore 20% are positive. Infosys had 33 analyst reports since July 24, 2015 according to SRatingsIntel. Wedbush initiated it with “Neutral” rating and $18 target in Friday, September 9 report. The company was maintained on Tuesday, October 3 by Robert W. Baird. The firm has “Hold” rating given on Friday, October 16 by Cantor Fitzgerald. The stock of Infosys Ltd ADR (NYSE:INFY) earned “Neutral” rating by Susquehanna on Monday, October 12. Cantor Fitzgerald maintained the shares of INFY in report on Friday, August 25 with “Hold” rating. The firm earned “Hold” rating on Monday, September 28 by Societe Generale. The firm has “Hold” rating given on Friday, August 18 by Stifel Nicolaus. Stifel Nicolaus maintained Infosys Ltd ADR (NYSE:INFY) on Friday, July 14 with “Hold” rating. The stock of Infosys Ltd ADR (NYSE:INFY) has “Outperform” rating given on Friday, July 24 by Macquarie Research. Cowen & Co maintained the stock with “Hold” rating in Thursday, October 12 report.

GN Store Nord A/S is a Denmark-based firm active in the communications industry. The company has market cap of $4.75 billion. The Firm is active through two main divisions: GN Netcom and GN ReSound. It currently has negative earnings. GN Netcom develops and markets a range of wireless headsets and in-car speakerphones for mobile users and both wireless and corded headsets for contact centre and office users, under the Jabra brand.


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