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The Descartes Systems Group Inc. experienced a 44.3% decrease in short interest in December, with 350,700 shares sold short, making up 0.4% of total shares. Hedge funds, including Captrust Financial Advisors, Fred Alger Management LLC, and Signaturefd LLC, increased their shares. Analysts from TD Securities, CIBC, and Barclays have given the company various ratings and price targets. The Descartes Systems Group saw a 0.5% increase in its stock and last announced earnings results on December 5th, reporting that it would post 1.3 EPS for the fiscal year. The company has a market cap of $7.15 billion and caters to cloud-based logistics and supply chain solutions. The Descartes Systems Group provides a range of modular and interoperable web and wireless logistics management solutions, with a suite of services including routing, mobile and telematics, transportation management, e-commerce shipping and fulfillment, customs and regulatory compliance, trade intelligence, broker and forwarder enterprise systems, and B2B messaging and connectivity. The Descartes Systems Group is currently rated as a “Hold” by analysts, but there are five other stocks that top-rated analysts rate as better buys.



Read more: Short Interest in The Descartes Systems Group Inc. (NASDAQ:DSGX) Decreases By 44.3%