Applied Optoelectronics Inc (AAOI)

[Plegee]

Per Nasdaq.com

Settlement Date Short Interest
4/13/2018 14,513,825

Just under 12 days to cover, down from 14,544,345 shares on 3/15/2018 or 13.4 to cover. Though we are barely lower in April, that is still the second highest level of short interest since 1/1/17.

Down big today because of revenue misses even below management guidance. Getting tired of the constant excuses and lame explanations.

Per Zacks:

Missed earnings estimates . The company posted adjusted earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.33 per share. Investors should note that this consensus projection has trended downward over the duration of the quarter.

The company saw revenue figures of $65.2 million, missing our consensus estimate of $69.3 million. Total revenue was down 32% from the year-ago period.

GAAP net income was $2.1 million, down from $19.8 million in the prior-year quarter.

"We achieved revenue in the first quarter of $65.2 million, which was slightly below our guidance as we were unable to complete some orders in the quarter due to higher than expected employee turnover in our China factory as a result of the Lunar New Year holiday. These orders have been shipped in Q2. In the first quarter, we made good progress in diversifying our customer base with nine design wins, including five for our 100G products," said CEO Dr. Thompson Lin.