NOW Inc. (DNOW) Reaches $10.29 After 6.00% Up Move; HOLMEN AB UNSPONSORED ADR REPRESENTING S (HLMNY) Shorts Increased By 200%

February 22, 2018 - By Peter Erickson

The stock of NOW Inc. (NYSE:DNOW) is a huge mover today! The stock increased 5.86% or $0.57 during the last trading session, reaching $10.29. About 311,924 shares traded. NOW Inc. (NYSE:DNOW) has risen 9.86% since February 22, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.The move comes after 7 months positive chart setup for the $1.11 billion company. It was reported on Feb, 22 by Barchart.com. We have $10.91 PT which if reached, will make NYSE:DNOW worth $66.72 million more.

HOLMEN AB UNSPONSORED ADR REPRESENTING S (OTCMKTS:HLMNY) had an increase of 200% in short interest. HLMNY’s SI was 300 shares in February as released by FINRA. Its up 200% from 100 shares previously. With 200 avg volume, 2 days are for HOLMEN AB UNSPONSORED ADR REPRESENTING S (OTCMKTS:HLMNY)’s short sellers to cover HLMNY’s short positions. It closed at $30.4 lastly. It is down 0.00% since February 22, 2017 and is . It has underperformed by 16.70% the S&P500.

Holmen Aktiebolag manufactures and sells papers, paperboards, and wood products worldwide. The company has market cap of $4.32 billion. The Company’s Paper segment makes and sells printing papers for magazines, product catalogues, direct mail, books, and daily newspapers. It currently has negative earnings. The company's Paperboard segment produces and sells paperboards for consumer packaging and graphical printing.

Analysts await NOW Inc. (NYSE:DNOW) to report earnings on May, 2. They expect $-0.02 earnings per share, up 86.67% or $0.13 from last year’s $-0.15 per share. After $0.01 actual earnings per share reported by NOW Inc. for the previous quarter, Wall Street now forecasts -300.00% negative EPS growth.

Among 11 analysts covering Now Inc (NYSE:DNOW), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Now Inc had 42 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Friday, July 7 by Cowen & Co. The stock of NOW Inc. (NYSE:DNOW) earned “Neutral” rating by Seaport Global on Wednesday, June 21. KeyBanc Capital Markets initiated NOW Inc. (NYSE:DNOW) on Friday, December 18 with “Sector Weight” rating. The stock has “Buy” rating by Stifel Nicolaus on Sunday, October 15. The stock has “Buy” rating by Robert W. Baird on Monday, October 9. As per Tuesday, September 15, the company rating was initiated by Credit Suisse. KeyBanc Capital Markets maintained NOW Inc. (NYSE:DNOW) rating on Friday, September 15. KeyBanc Capital Markets has “Buy” rating and $22.0 target. The stock of NOW Inc. (NYSE:DNOW) has “Neutral” rating given on Friday, November 3 by Credit Suisse. The stock of NOW Inc. (NYSE:DNOW) earned “Overweight” rating by Stephens on Friday, May 5. The firm has “Neutral” rating given on Wednesday, February 24 by JP Morgan.

NOW Inc. distributes energy and industrial products in the United States, Canada, and internationally. The company has market cap of $1.11 billion. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift solutions, power transmission products, production process equipment, pumps, paint and coatings, mill tools, safety supplies, and spare parts, as well as provides application systems and parts integration, optimization solutions, and after-sales support services. It currently has negative earnings. The firm also provides supply chain management solutions that include procurement, inventory and warehouse management, logistics, point of issue technology, project management, business process, and performance metrics reporting.

Investors sentiment increased to 1.22 in 2017 Q3. Its up 0.09, from 1.13 in 2017Q2. It is positive, as 35 investors sold NOW Inc. shares while 62 reduced holdings. 31 funds opened positions while 87 raised stakes. 109.72 million shares or 3.22% more from 106.30 million shares in 2017Q2 were reported. Shufro Rose Ltd Limited Liability Company holds 142,305 shares or 0.2% of its portfolio. Riverhead Capital Mgmt holds 0.01% of its portfolio in NOW Inc. (NYSE:DNOW) for 9,387 shares. Keybank Association Oh invested in 0% or 50,277 shares. Nationwide Fund accumulated 465,204 shares or 0.03% of the stock. 28,265 were reported by Neuberger Berman Grp Lc. Connor Clark And Lunn Mgmt Limited stated it has 0.05% in NOW Inc. (NYSE:DNOW). Qv Investors invested in 2.52% or 2.18 million shares. Oppenheimer Asset Management has invested 0% in NOW Inc. (NYSE:DNOW). Etrade Capital Mgmt Limited Liability accumulated 11,918 shares. Ing Groep Nv holds 0% of its portfolio in NOW Inc. (NYSE:DNOW) for 13,186 shares. Ontario – Canada-based Sun Life Finance has invested 0% in NOW Inc. (NYSE:DNOW). Raymond James And Associate holds 0.01% or 392,342 shares in its portfolio. Zacks Investment Management has invested 0% of its portfolio in NOW Inc. (NYSE:DNOW). Aperio Group Inc Ltd Llc reported 38,555 shares or 0% of all its holdings. State Street Corp owns 3.59 million shares or 0% of their US portfolio.

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By1 Peter Erickson

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