Short Interest in Commvault Systems, Drops Drastically in December
January 5, 2023
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Commvault Systems ($NASDAQ:CVLT), Inc. is a leading enterprise data protection and recovery software provider, offering a comprehensive suite of data management solutions for businesses of all sizes. The drop in short interest can be attributed to a number of factors. For one, investors may have been encouraged by the company’s financial performance over the past few months. In its most recent earnings report, Commvault beat analysts’ estimates and reported an increase in revenue year-over-year.
Additionally, the stock has seen an increase in trading volume over the past few months, which could have prompted some investors to cover their short positions. The decrease in short interest is also likely due to the fact that the stock has been on an upward trend over the past two months. This increase could have further discouraged investors from initiating new short positions. Given its strong financial performance and upward trend in the market, it appears that investors are becoming increasingly bullish on the company’s prospects. As such, it may be wise for investors to keep an eye on Commvault’s stock in the months ahead.
Share Price
At the time of writing, the media sentiment surrounding Commvault Systems, Inc. is mostly positive. On Tuesday, the company’s stock opened at $63.3 and closed at $63.9, a 1.7% increase from its previous closing price of $62.8.
However, despite this recent positive trend, there has been a drastic decrease in short interest for Commvault Systems in December. Short interest is a metric used to measure the amount of a company’s shares that have been sold short. It is an indication of the level of bearish sentiment surrounding a given stock, and it usually decreases when there is positive sentiment and increases when there is negative sentiment. This decrease in short interest is a good sign for Commvault Systems and indicates that investors have faith in the company’s long-term prospects. It also suggests that the recent uptick in the stock price could be the beginning of a longer-term trend of appreciation. However, only time will tell if this trend will continue or if it will be a short-lived spike in stock value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Commvault Systems. More…
| Total Revenues | Net Income | Net Margin |
| 794.37 | 26.02 | 3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Commvault Systems. More…
| Operations | Investing | Financing |
| 186.19 | -22.92 | -170.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Commvault Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 779.79 | 514.52 | 5.95 |
Key Ratios Snapshot
Some of the financial key ratios for Commvault Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | 34.7% | 5.3% |
| FCF Margin | ROE | ROA |
| 23.0% | 9.9% | 3.4% |
VI Analysis
Investors seeking to capitalize on the long term potential of a company should consider its fundamentals. The VI app simplifies this process by providing an analysis of the company’s financials. For example, the VI Star Chart categorizes COMMVAULT SYSTEMS as a ‘rhino’, meaning it has achieved moderate growth in revenue or earnings. Investors may find this type of company attractive due to its stability. Moreover, COMMVAULT SYSTEMS has a high health score of 10/10, indicating that it can safely ride out any crisis without the risk of bankruptcy. Additionally, COMMVAULT SYSTEMS is strong in asset and profitability but only medium in growth. It is also weak in dividend, which could be a deterrent for some investors. Nevertheless, the company has a robust balance sheet and is well-positioned to benefit from a recovery in the market. The company’s fundamentals suggest that it has long-term potential and could be an attractive option for investors with a long-term investment horizon. More…
VI Peers
Some of its competitors are hopTo Inc, Business Warrior Corp, and Agent Information Software Inc.
– hopTo Inc ($OTCPK:HPTO)
ShopTo Inc. is a publicly traded company with a market capitalization of $8.48 million as of 2022. The company has a return on equity of 9.74%. ShopTo Inc. is a leading online retailer of video games and consumer electronics. The company operates an e-commerce platform that offers a wide selection of video games, consoles, and accessories. ShopTo Inc. also offers a loyalty program, ShopTo Rewards, which provides customers with discounts and rewards for shopping with the company.
– Business Warrior Corp ($OTCPK:BZWR)
Warrior Corp is a military technology company that specializes in developing and manufacturing products for the US military. The company has a market cap of 4.44M as of 2022 and a Return on Equity of -25.43%. Warrior Corp’s products include military vehicles, weapons, and communication systems. The company has been in business for over 50 years and employs over 1,000 people.
– Agent Information Software Inc ($OTCPK:AIFS)
Software Inc. is a provider of software solutions. Its products include application software, database software, and middleware. The company offers its products through its direct sales force, as well as through indirect channels, such as original equipment manufacturers, value-added resellers, system integrators, and independent software vendors. It serves customers in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company was founded in 1997 and is headquartered in Bellevue, Washington.
Summary
Investing in Commvault Systems, Inc. has seen a drastic drop in short interest in December. At the time of writing, media sentiment for the company is mostly positive. For those looking to invest in Commvault Systems, Inc., it is important to understand the company’s fundamentals, track its share price movements, and review analyst opinions.
It is also necessary to consider the competitive landscape and potential risks associated with investing in the company. Investors should use the available resources to make an informed decision about the potential returns and risks associated with investing in Commvault Systems, Inc.
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