Resources Connection, Inc. (RECN) At $15.35 Forms Top; Shorts at SHERRITT INTL COPR RESTR VTG ORDINARY SH (SHERF) Raised By 20.02%

Sherritt International Corporation (OTCMKTS:SHERF) Logo

Resources Connection, Inc. (RECN) formed multiple top with $15.96 target or 4.00% above today’s $15.35 share price. Resources Connection, Inc. (RECN) has $483.76M valuation. The stock decreased 0.32% or $0.05 during the last trading session, reaching $15.35. About 69,394 shares traded. Resources Connection, Inc. (NASDAQ:RECN) has declined 2.76% since April 16, 2017 and is downtrending. It has underperformed by 14.31% the S&P500.

SHERRITT INTL COPR RESTR VTG ORDINARY SH (OTCMKTS:SHERF) had an increase of 20.02% in short interest. SHERF’s SI was 4.21 million shares in April as released by FINRA. Its up 20.02% from 3.51M shares previously. With 91,200 avg volume, 46 days are for SHERRITT INTL COPR RESTR VTG ORDINARY SH (OTCMKTS:SHERF)’s short sellers to cover SHERF’s short positions. The stock increased 3.20% or $0.0287 during the last trading session, reaching $0.9242. About shares traded. Sherritt International Corporation (OTCMKTS:SHERF) has 0.00% since April 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Sherritt International Corporation engages in mining and refining nickel from lateritic ores in Canada, Cuba, and Madagascar. The company has market cap of $354.40 million. It operates through Moa JV and Fort Site, Ambatovy JV, Metals, Oil and Gas, Power, and Corporate and Other divisions. It has a 1.22 P/E ratio. The Moa JV and Fort Site segment is involved in mining, processing, and refining of nickel and cobalt; and the production and sale of agricultural fertilizers.

Since April 9, 2018, it had 0 insider buys, and 1 insider sale for $95,232 activity. 6,200 shares were sold by Wargotz Michael H, worth $95,232 on Monday, April 9.

Among 4 analysts covering Resources Connection Inc. (NASDAQ:RECN), 0 have Buy rating, 3 Sell and 1 Hold. Therefore 0 are positive. Resources Connection Inc. has $1700 highest and $12 lowest target. $15’s average target is -2.28% below currents $15.35 stock price. Resources Connection Inc. had 10 analyst reports since August 18, 2016 according to SRatingsIntel. The rating was downgraded by JP Morgan to “Underweight” on Thursday, January 4. The stock of Resources Connection, Inc. (NASDAQ:RECN) earned “Neutral” rating by Robert W. Baird on Thursday, October 6. The rating was maintained by Deutsche Bank with “Sell” on Thursday, October 6. The stock of Resources Connection, Inc. (NASDAQ:RECN) has “Sell” rating given on Thursday, January 4 by J.P. Morgan. Deutsche Bank maintained it with “Sell” rating and $12 target in Friday, July 21 report. On Thursday, August 18 the stock rating was initiated by Deutsche Bank with “Sell”. Robert W. Baird maintained it with “Hold” rating and $15.0 target in Friday, November 10 report. The stock has “Hold” rating by Robert W. Baird on Friday, August 25. The firm has “Hold” rating by Robert W. Baird given on Wednesday, January 3. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, April 4 report.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.43, from 1.29 in 2017Q3. It dived, as 17 investors sold Resources Connection, Inc. shares while 40 reduced holdings. 15 funds opened positions while 34 raised stakes. 24.23 million shares or 2.38% more from 23.67 million shares in 2017Q3 were reported. Thrivent For Lutherans reported 17,454 shares. Panagora Asset has invested 0.02% in Resources Connection, Inc. (NASDAQ:RECN). Teachers Retirement System Of The State Of Kentucky stated it has 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN). New York State Teachers Retirement Systems holds 18,670 shares or 0% of its portfolio. Voya Management Limited Company reported 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN). Fisher Asset Mgmt Limited Company holds 0% or 219,343 shares. Federated Pa owns 56 shares or 0% of their US portfolio. Great West Life Assurance Can accumulated 37,153 shares. Tiaa Cref Invest Mgmt Ltd Llc invested 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN). Dimensional Fund L P holds 2.51M shares or 0.02% of its portfolio. Dupont Cap Management Corporation owns 38,181 shares for 0.01% of their portfolio. Deutsche Savings Bank Ag reported 0% stake. Parametric Port Associates Lc accumulated 100,263 shares. Axa owns 190,722 shares. Pub Employees Retirement System Of Ohio owns 6,609 shares.

Resources Connection, Inc. (NASDAQ:RECN) Institutional Positions Chart