Nantahala Capital Management Has Lowered Qad (QADA) Position By $479,370; 21vianet Group Ads (VNET) Shorts Up By 5.33%

August 10, 2017 - By wolcottdaily

Nantahala Capital Management Llc decreased Qad Inc (QADA) stake by 2.06% reported in 2016Q4 SEC filing. Nantahala Capital Management Llc sold 15,979 shares as Qad Inc (QADA)’s stock rose 2.91%. The Nantahala Capital Management Llc holds 758,954 shares with $23.07M value, down from 774,933 last quarter. Qad Inc now has $572.26M valuation. The stock declined 0.96% or $0.3 reaching $31.05 per share. About 2,830 shares traded. QAD Inc. (NASDAQ:QADA) has risen 57.33% since August 10, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

21vianet Group Ads (NASDAQ:VNET) had an increase of 5.33% in short interest. VNET’s SI was 3.33M shares in August as released by FINRA. Its up 5.33% from 3.17M shares previously. With 343,800 avg volume, 10 days are for 21vianet Group Ads (NASDAQ:VNET)’s short sellers to cover VNET’s short positions. The SI to 21vianet Group Ads’s float is 5.17%. About 102,121 shares traded. 21Vianet Group Inc (NASDAQ:VNET) has declined 61.95% since August 10, 2016 and is downtrending. It has underperformed by 78.65% the S&P500.

Among 4 analysts covering 21Vianet Group (NASDAQ:VNET), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. 21Vianet Group had 7 analyst reports since August 27, 2015 according to SRatingsIntel. JP Morgan downgraded 21Vianet Group Inc (NASDAQ:VNET) on Wednesday, November 25 to “Neutral” rating. Stifel Nicolaus maintained it with “Hold” rating and $9 target in Tuesday, November 29 report. The rating was downgraded by Pacific Crest to “Overweight” on Friday, August 28. The company was maintained on Thursday, August 27 by Canaccord Genuity. As per Friday, May 26, the company rating was maintained by Stifel Nicolaus. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, August 17. On Tuesday, January 17 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”.

21Vianet Group, Inc. is a carrier-neutral Internet data center services provider. The company has market cap of $490.77 million. The Firm hosts its customers’ servers and networking equipment and provides interconnectivity. It currently has negative earnings. The Firm also provides managed network services to enable clients to deliver data across the Internet through its data transmission network and smart routing technology.

Nantahala Capital Management Llc increased Dover Motorsports Inc (NYSE:DVD) stake by 496,000 shares to 1.73 million valued at $3.97 million in 2016Q4. It also upped Emmis Communications Corp stake by 331,929 shares and now owns 674,122 shares. On Deck Cap Inc was raised too.

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