Office Depot Inc (NASDAQ:ODP) Has Decline in Shorts

October 11, 2018 - By Louis Casey

Office Depot, Inc. (NASDAQ:ODP) Logo

Investors sentiment increased to 1.09 in 2018 Q2. Its up 0.10, from 0.99 in 2018Q1. It increased, as 37 investors sold Office Depot, Inc. shares while 59 reduced holdings. 39 funds opened positions while 66 raised stakes. 493.58 million shares or 2.04% more from 483.71 million shares in 2018Q1 were reported.
Conning has invested 0% in Office Depot, Inc. (NASDAQ:ODP). Pub Employees Retirement Sys Of Ohio stated it has 226,560 shares or 0% of all its holdings. Wells Fargo Mn has 0% invested in Office Depot, Inc. (NASDAQ:ODP). 1.89M are held by Commonwealth Bancorporation Of Australia. D E Shaw & Com Inc invested in 121,083 shares or 0% of the stock. Bnp Paribas Arbitrage Sa stated it has 1.19 million shares or 0% of all its holdings. Citigroup stated it has 665,266 shares. Highbridge Capital Ltd holds 0% in Office Depot, Inc. (NASDAQ:ODP) or 83,500 shares. Great West Life Assurance Com Can stated it has 688,028 shares or 0% of all its holdings. New York-based Tiaa Cref Invest Mgmt Llc has invested 0% in Office Depot, Inc. (NASDAQ:ODP). Goldman Sachs Gru stated it has 0% of its portfolio in Office Depot, Inc. (NASDAQ:ODP). Rafferty Asset Management Ltd Liability owns 0% invested in Office Depot, Inc. (NASDAQ:ODP) for 46,566 shares. High Pointe Lc has 10,290 shares for 0.04% of their portfolio. 500 are held by Northwestern Mutual Wealth. Towle Company holds 2.97% of its portfolio in Office Depot, Inc. (NASDAQ:ODP) for 12.07M shares.

Since May 30, 2018, it had 3 insider buys, and 0 sales for $221,620 activity. Shares for $23,941 were bought by TRAVIS NIGEL on Thursday, May 31. VASSALLUZZO JOSEPH bought $149,881 worth of Office Depot, Inc. (NASDAQ:ODP) on Monday, June 4.

The stock of Office Depot Inc (NASDAQ:ODP) registered a decrease of 1.58% in short interest. ODP’s total short interest was 23.95 million shares in October as published by FINRA. Its down 1.58% from 24.34M shares, reported previously. With 4.10 million shares average volume, it will take short sellers 6 days to cover their ODP’s short positions.

The stock increased 1.39% or $0.04 during the last trading session, reaching $2.92. About 310,160 shares traded. Office Depot, Inc. (NASDAQ:ODP) has declined 29.49% since October 11, 2017 and is downtrending. It has underperformed by 45.11% the S&P500.

Office Depot, Inc., together with its subsidiaries, supplies office services and products in North America. The company has market cap of $1.62 billion. The firm operates in two divisions, North American Retail and North American Business Solutions. It has a 17.08 P/E ratio. It offers office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture, as well as copy and print services.

Another recent and important Office Depot, Inc. (NASDAQ:ODP) news was published by Nasdaq.com which published an article titled: “Are Investors Undervaluing Office Depot (ODP) Right Now?” on September 19, 2018.

Office Depot, Inc. (NASDAQ:ODP) Institutional Positions Chart

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