Recent insider trends for Seven Stars Cloud Group, Inc. (NASDAQ:SSC) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on SSC is anything to go by, investors should pay attention.
Institutions own 01.71% of Seven Stars Cloud Group, Inc. (SSC)’s shares. The total value of these holdings, in millions, is $3. Among active positions in the latest quarter, 13 holders increased their positions by a total of 177723 shares, 9 holders decreased the positions by a total of 366131 shares, and 4 holders held their positions. This works out to a net decrease in ownership of 188408 shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 11 holders initiated new positions by a total of 161203 shares and 5 holders exited their positions by a total of 145210 shares. This nets out to an increase of 15993 shares and is a bullish sign for SSC.
Insider ownership increased by a total of 0 shares, which suggests that SSC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: and ownership increased by a net of 0 shares.
The analysis of insider buying and selling trends can be extended to the aggregate level. Short interest, which represents the number of a stock’s shares currently being shorted, captures what the market as a whole feels about a stock. Seven Stars Cloud Group, Inc. (NASDAQ:SSC)’s short interest is 771300 shares, or 2.36% of the float. This represents a decrease of -34% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that SSC is a hold, which implies that SSC is expected to perform in line with the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Seven Stars Cloud Group, Inc. (NASDAQ:SSC) is fairly valued.