Published: Fri, August 11, 2017
Money | By Armando Alvarado

Office Depot Inc (ODP) Short Interest Down 14.1% in July


Relative volume is ratio between current volume and 3-month average value, intraday adjusted. A company with high ROE typically reflects well on management and how well a company is run at a high level. The market capitalization of the company is at $3.11 Billion. The Firm serves as the attorney-in-fact for the subscribers at the Erie Insurance Exchange (Exchange).

Since March 4, 2017, it had 1 insider purchase, and 8 selling transactions for $1.34 million activity. The company has a 50-day moving average price of $5.72 and a 200-day moving average price of $5.02.

Institutional owners hold 97.90% stake while Insiders ownership held at 1.80% in the company. The stock stands almost $0.97 off versus the 52-week high of $25.5 and $8.73 above the 52-week low of $15.8.

On 3/21/2017 Stephen R Calkins, EVP, sold 15,436 with an average share price of $4.63 per share and the total transaction amounting to $71,468.68. Walt Disney Co (NYSE:DIS) has risen 9.26% since August 9, 2016 and is uptrending. It has outperformed by 3.74% the S&P500.

Investors sentiment increased to 1.13 in 2016 Q4. Its up 0.04, from 0.98 in 2016Q3. While looking the figure depicted by the Price to Earning we can suggest that the shares of Office Depot, Inc.

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Office Depot, Inc. (ODP) now has P/E (Price to Earnings) ratio of 4.84 while the company's industry has 31.35 P/E and the sector P/E is 19.83. Spectrum Asset Management Inc (Nb Ca) owns 9,413 shares. About 14.24M shares traded or 158.91% up from the average. Pacad Investment Ltd. boosted its stake in shares of Office Depot by 1,292.3% in the second quarter. Lsv Asset Mgmt stated it has 0.01% of its portfolio in Office Depot Inc (NASDAQ:ODP). 6,387 are owned by Parallax Volatility Advisers Ltd Partnership.

In addition, Office Depot officials expect to be substantially complete with its OfficeMax integration and realize the majority of the synergy benefits by the end of 2017. (NYSE:PFE). Amg National Financial Bank holds 0.02% or 8,422 shares in its portfolio. Hemenway Communications Ltd Liability Corporation holds 0.19% or 23,024 shares. Office Depot has a 12-month low of $3.01 and a 12-month high of $6.15. Therefore 53% are positive. The company's revenue was down 8.5% on a year-over-year basis. Telsey Advisory Group raised their target price on shares of Office Depot from $4.40 to $5.25 and gave the stock a market perform rating in a report on Wednesday, May 10th. Eight investment analysts have rated the stock with a hold rating, Office Depot presently has an average rating of Hold and a consensus price target of $5.12. UBS had a markedly different take on 11/05/2016, proposing that ODP is now considered Sell versus prior Neutral rating. The rating was maintained by Telsey Advisory Group on Wednesday, February 24 with "Outperform". The rating was downgraded by Jefferies to "Sell" on Wednesday, May 11. The rating was downgraded by UBS to "Sell" on Wednesday, May 11. The stock has "Hold" rating by Needham on Wednesday, August 9. (NASDAQ:ODP) from a buy rating to a hold rating in a research report sent to investors on Thursday, July 27th.

05/11/2016 - Office Depot, Inc. had its "sector weight" rating reiterated by analysts at Wells Fargo. The Company's divisions include North American Retail Division and North American Business Solutions Division. Xaar PLC (XAR.L) has a current P/E ratio of 22.16. The North American Retail Division includes retail stores in the United States, including Puerto Rico and the United States Virgin Islands, which offer office supplies, technology products and solutions, business machines and related supplies, facilities products and office furniture. Its sales stood at 14.80% a year on average in the period of last five years. Bronfman E.l. Rothschild, L.p. owns 4,953 shares with a value of $28,000.

In other news, insider Michael R. Allison sold 66,217 shares of Office Depot stock in a transaction on Tuesday, May 16th. 74,000 shares were sold by RICE TROY, worth $385,059. The Illinois-based First Trust Advisors Lp has invested 0.01% in Office Depot Inc (NASDAQ:ODP).

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