Mackinac Financial (MFNC) Forms $16.03 Double Top; Shorts at Avid Technology (AVID) Lowered By 10.43%

Avid Technology, Inc. (NASDAQ:AVID) Logo

Mackinac Financial Corporation (MFNC) formed double top with $16.99 target or 6.00% above today’s $16.03 share price. Mackinac Financial Corporation (MFNC) has $101.16M valuation. The stock decreased 0.87% or $0.14 during the last trading session, reaching $16.03. About 1,659 shares traded. Mackinac Financial Corporation (NASDAQ:MFNC) has risen 21.27% since April 4, 2017 and is uptrending. It has outperformed by 9.72% the S&P500.

Avid Technology Inc (NASDAQ:AVID) had a decrease of 10.43% in short interest. AVID’s SI was 4.71M shares in April as released by FINRA. Its down 10.43% from 5.26 million shares previously. With 420,400 avg volume, 11 days are for Avid Technology Inc (NASDAQ:AVID)’s short sellers to cover AVID’s short positions. The SI to Avid Technology Inc’s float is 14.35%. The stock decreased 0.45% or $0.02 during the last trading session, reaching $4.46. About 211,182 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 3.49% since April 4, 2017 and is downtrending. It has underperformed by 15.04% the S&P500.

Since February 16, 2018, it had 0 buys, and 2 insider sales for $54,052 activity. The insider Deering Jesse A sold 750 shares worth $12,192. BITTNER DENNIS sold 2,600 shares worth $41,860.

Investors sentiment increased to 4 in Q4 2017. Its up 2.83, from 1.17 in 2017Q3. It is positive, as 0 investors sold Mackinac Financial Corporation shares while 2 reduced holdings. 3 funds opened positions while 5 raised stakes. 3.62 million shares or 102.24% more from 1.79 million shares in 2017Q3 were reported. Gendell Jeffrey L stated it has 0.12% in Mackinac Financial Corporation (NASDAQ:MFNC). Royal Bancorporation Of Canada owns 1 shares for 0% of their portfolio. Kennedy Cap Mgmt stated it has 147,653 shares. Naples Glob Advisors Ltd Liability Co stated it has 17,465 shares or 0.08% of all its holdings. Bridgeway Capital Mgmt holds 0.01% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC) for 29,200 shares. Lsv Asset Mngmt reported 12,100 shares or 0% of all its holdings. Pnc Fincl Service Grp Inc accumulated 0% or 67,800 shares. 11,700 were accumulated by Alpine Woods Capital. Vanguard Gru owns 79,934 shares. Clarkston Cap Prns Ltd stated it has 0.12% in Mackinac Financial Corporation (NASDAQ:MFNC). Manufacturers Life Ins The holds 0.01% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC) for 328,769 shares. Zpr Investment Mgmt holds 0.49% or 21,401 shares in its portfolio. Bankshares Of America Corp De stated it has 1,049 shares or 0% of all its holdings. Blackrock Inc invested 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). Deutsche Bank & Trust Ag stated it has 0% in Mackinac Financial Corporation (NASDAQ:MFNC).

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. Dougherty downgraded it to “Sell” rating and $4.5 target in Thursday, December 7 report. Singular Research initiated Avid Technology, Inc. (NASDAQ:AVID) on Wednesday, December 9 with “Buy” rating. On Thursday, November 10 the stock rating was downgraded by BWS Financial to “Hold”. The firm has “Buy” rating given on Wednesday, November 11 by BWS Financial. On Tuesday, August 11 the stock rating was downgraded by Dougherty & Company to “Buy”.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $185.00 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

Mackinac Financial Corporation (NASDAQ:MFNC) Institutional Positions Chart