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See what the IHS Markit Score report has to say about Avnet Inc.

IHS Markit

Avnet Inc

NASDAQ/NGS:AVT

View full report here!

Summary

  • Perception of the company's creditworthiness is positive
  • ETFs holding this stock have seen outflows over the last one-month
  • Bearish sentiment is low

Bearish sentiment

Short interest | Positive

Short interest is low for AVT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

Money flow

ETF/Index ownership | Negative

ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding AVT totaled $68.37 billion. Additionally, the rate of outflows appears to be accelerating.

Economic sentiment

PMI by IHS Markit | Neutral

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. AVT credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.

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