Short Interest Worth Mentioning: Telephone & Data System (NYSE:TDS) Could Burn Your Long Portfolio After More Shorts

November 17, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Worth Mentioning: Telephone & Data System (NYSE:TDS) Could Burn Your Long Portfolio After More Shorts

The stock of Telephone & Data System (NYSE:TDS) registered an increase of 18.17% in short interest. TDS’s total short interest was 985,100 shares in November as published by FINRA. Its up 18.17% from 833,600 shares, reported previously. With 504,400 shares average volume, it will take short sellers 2 days to cover their TDS’s short positions. The short interest to Telephone & Data System’s float is 0.99%. About 52,837 shares traded hands. Telephone & Data Systems, Inc. (NYSE:TDS) has declined 14.40% since April 15, 2016 and is downtrending. It has underperformed by 19.02% the S&P500.

Telephone and Data Systems, Inc. is a diversified telecommunications company. The company has a market cap of $2.87 billion. The Firm conducts its Wireless activities through its subsidiary, United States Cellular Corporation .

Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.08, from 1.06 in 2016Q1. The ratio turned negative, as 21 funds sold all Telephone & Data Systems, Inc. shares owned while 88 reduced positions. 22 funds bought stakes while 85 increased positions. They now own 86.70 million shares or 5.74% less from 91.98 million shares in 2016Q1.
National Bank & Trust Of Montreal Can holds 0% or 6,230 shares in its portfolio. Ls Investment Ltd Liability holds 0.01% of its portfolio in Telephone & Data Systems, Inc. (NYSE:TDS) for 5,668 shares. Louisiana State Employees Retirement Sys reported 25,200 shares or 0.04% of all its holdings. Tci Wealth Advsrs accumulated 0% or 66 shares. Johnson Fincl Group Inc accumulated 797 shares or 0% of the stock. The Japan-based Blackrock Japan has invested 0.01% in Telephone & Data Systems, Inc. (NYSE:TDS). The Ohio-based Parkwood Limited Liability Corporation has invested 0.06% in Telephone & Data Systems, Inc. (NYSE:TDS). Panagora Asset Management holds 0.02% of its portfolio in Telephone & Data Systems, Inc. (NYSE:TDS) for 141,255 shares. Moreover, Miller Howard Investments Ny has 0.06% invested in Telephone & Data Systems, Inc. (NYSE:TDS) for 107,350 shares. Nomura Asset Mgmt Comm Ltd accumulated 3,300 shares or 0% of the stock. Qs Investors Ltd Liability Corporation accumulated 0.09% or 346,616 shares. Ajo Limited Partnership accumulated 0.05% or 378,577 shares. Intrepid Mngmt Incorporated, a Florida-based fund reported 39,974 shares. Highbridge Cap Management Ltd Co has 0.06% invested in the company for 125,858 shares. Advantus Incorporated accumulated 11,468 shares or 0.01% of the stock.

Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 5 selling transactions for $5.33 million net activity. $3.36 million worth of Telephone & Data Systems, Inc. (NYSE:TDS) was sold by Wittwer David A. $39,536 worth of shares were sold by Davis Clarence A on Friday, June 10. Shares for $1.27M were sold by MEYERS KENNETH R on Friday, August 12.

TDS Company Profile

Telephone and Data Systems, Inc., incorporated on, December 12, 1997, is a diversified telecommunications company. The Firm conducts its Wireless activities through its subsidiary, United States Cellular Corporation (U.S. Cellular). The Firm provides Wireline services, cable services and hosted and managed services, through its subsidiary, TDS Telecommunications Corporation (TDS Telecom). The Company’s divisions include U.S. Cellular, Wireline, Cable, and Hosted and Managed Services (HMS). The Firm provides these services to approximately 4.9 million Wireless clients and 1.2 million Wireline and cable connections. The Company’s activities also include the subsidiary Suttle-Straus, Inc. (Suttle-Straus). TDS Telecom provides broadband, video and voice services to approximately 1.2 million connections in over 40 states. The Firm provides a range of information technology (IT) services, including colocation, cloud computing, hosted application management, and sales of IT hardware and related professional services through its HMS business.

More news for Telephone & Data Systems, Inc. (NYSE:TDS) were recently published by: Nasdaq.com, which released: “Telephone and Data Systems (TDS) Arm Takes Over InterLinx” on November 16, 2016. Zacks.com‘s article titled: “Telephone and Data Systems (TDS): Q3 Earnings Preview” and published on November 02, 2016 is yet another important article.

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By Ellis Scott


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