Datalink Corp. (NASDAQ:DTLK) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 265,114 shares, a drop of 50.8% from the October 31st total of 538,617 shares. Based on an average daily trading volume, of 980,485 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.4% of the shares of the stock are sold short.

Hedge funds have recently made changes to their positions in the stock. Alambic Investment Management L.P. boosted its stake in shares of Datalink Corp. by 0.6% in the third quarter. Alambic Investment Management L.P. now owns 16,576 shares of the company’s stock worth $176,000 after buying an additional 100 shares in the last quarter. California State Teachers Retirement System raised its position in Datalink Corp. by 0.7% in the third quarter. California State Teachers Retirement System now owns 42,523 shares of the company’s stock worth $451,000 after buying an additional 300 shares during the last quarter. Hancock Holding Co. raised its position in Datalink Corp. by 8.0% in the third quarter. Hancock Holding Co. now owns 15,124 shares of the company’s stock worth $160,000 after buying an additional 1,122 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Datalink Corp. by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 631,410 shares of the company’s stock worth $6,699,000 after buying an additional 1,635 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Datalink Corp. by 7.4% in the third quarter. New York State Common Retirement Fund now owns 29,474 shares of the company’s stock worth $313,000 after buying an additional 2,035 shares during the last quarter. 73.27% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on DTLK. Canaccord Genuity cut shares of Datalink Corp. from a “buy” rating to a “hold” rating and set a $11.25 price objective on the stock. in a research report on Tuesday, November 8th. Zacks Investment Research cut shares of Datalink Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. Finally, Needham & Company LLC cut shares of Datalink Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 7th.

Datalink Corp. (NASDAQ:DTLK) opened at 11.16 on Tuesday. The company has a 50-day moving average of $10.54 and a 200-day moving average of $9.42. The stock has a market cap of $250.21 million, a PE ratio of 36.83 and a beta of 0.95. Datalink Corp. has a 12 month low of $6.13 and a 12 month high of $11.23.

Datalink Corp. (NASDAQ:DTLK) last announced its earnings results on Monday, November 7th. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.06. Datalink Corp. had a net margin of 0.89% and a return on equity of 3.89%. The business had revenue of $183.97 million for the quarter, compared to analysts’ expectations of $191.98 million. During the same period in the prior year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities analysts forecast that Datalink Corp. will post $0.58 EPS for the current fiscal year.

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Datalink Corp. Company Profile

Datalink Corporation is a provider of information technology (IT) services and solutions. The Company provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. The Company leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.

5 Day Chart for NASDAQ:DTLK

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