Raymond James Downgrades Rating On Tintri, Inc. (TNTR)

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Tintri, Inc. (NASDAQ:TNTR).

On September 8 the stock rating was downgraded to “Neutral” from “Outperform” in an announcement from Bank of America. On August 23 the company was downgraded from “Outperform” to “Equal-Weight” in a report from Morgan Stanley.

Raymond James starting coverage on TNTR by announcing an initial rating of “Outperform”. On July 25 analysts at PiperJaffray starting coverage on the stock with a rating of “Outperform”.

On July 25, 2017 Needham added the stock to its research portfolio with an initial rating of “Buy”.

The company is so far trading down by 8.47%% since yesterday’s close of 3.66. The stock is trading at $3.35 impressively lower than the 50 day moving average which is $6.00 and which is significantly below the 200 day moving average of $6.26. The 50 day moving average moved down $-2.65 and the 200 day average went down $-2.91 or -46.4587%.

Traders are feeling more bearish on shares of the company if you take a look at the change in short interest. The firm experienced a rise in short interest of 64.98% as of the latest report on August 31, 2017. Short interest grew from 142,582 to 235,227 over that timeframe. With short interest at 235,227 and short average daily volume at 156,439, days to cover is 2.0 and the short interest percentage is 0.01% as of August 31.