Recent insider trends for Sino-Global Shipping America, Ltd. (NASDAQ:SINO) 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 SINO might perform in the future.
Institutions own 01.12% of Sino-Global Shipping America, Ltd. (SINO)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 2 holders increased their positions by a total of 27336 shares, 5 holders decreased the positions by a total of 40939 shares, and 3 holders held their positions. This works out to a net decrease in ownership of 13603 shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 2 holders initiated new positions by a total of 27336 shares and 3 holders exited their positions by a total of 17345 shares. This nets out to an increase of 9991 shares and is a bullish sign for SINO.
In the last three months, insiders executed a total of 4 trades. 4 were sells. Insider ownership decreased by a total of 66000 shares, which suggests that SINO’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 18 sells, and ownership decreased by a net of 351000 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. Sino-Global Shipping America, Ltd. (NASDAQ:SINO)’s short interest is 757000 shares, or 22.05% of the float. This represents a decrease of -0% 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.
Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for SINO. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that SINO is a sell, which implies that SINO is expected to underperform 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 bearish. Technical indicators (also) suggest that Sino-Global Shipping America, Ltd. (NASDAQ:SINO) is overvalued.