Recent insider trends for China Green Agriculture, Inc. (NYSE:CGA) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how CGA might perform in the future.
Institutions own 04.30% of China Green Agriculture, Inc. (CGA)’s shares. The total value of these holdings, in millions, is $2. Among active positions in the latest quarter, 9 holders increased their positions by a total of 392488 shares, 6 holders decreased the positions by a total of 53573 shares, and 9 holders held their positions. This works out to a net increase in ownership of 338915 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 6 holders initiated new positions by a total of 152584 shares and 2 holders exited their positions by a total of 28500 shares. This nets out to an increase of 124084 shares and is a bullish sign for CGA.
Insider ownership increased by a total of 0 shares, which suggests that CGA’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 4 buys, and ownership increased by a net of 650000 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. China Green Agriculture, Inc. (NYSE:CGA)’s short interest is 615900 shares, or 2.39% of the float. This represents a decrease of -1% 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.
Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CGA is a Strong buy, which implies that CGA is expected to outperform 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 China Green Agriculture, Inc. (NYSE:CGA) is undervalued.