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Tale of the Tape

Investors are betting against Conversant (CNVR), Should You?
April 21, 2014

CNVR

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Many investors appear to be quite bearish on Conversant Inc (CNVR - Snapshot Report), especially if you look at the percentage of the float that is sold short for this stock. Currently, 20.9% of the float is sold short, suggesting an extreme level of bearishness for CNVR.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we have a Zacks Rank #1 (Strong Buy) on CNVR, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of CNVR to move higher in the weeks ahead.

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