Today’s Short Interest Alert: Tangoe Incorporated (NASDAQ:TNGO) Shorted Shares Increased 9.65% After Market Selling

November 17, 2016 - By Ellis Scott   ·   0 Comments

Today's Short Interest Alert: Tangoe Incorporated (NASDAQ:TNGO) Shorted Shares Increased 9.65% After Market Selling

The stock of Tangoe Incorporated (NASDAQ:TNGO) registered an increase of 9.65% in short interest. TNGO’s total short interest was 2.85M shares in November as published by FINRA. Its up 9.65% from 2.60 million shares, reported previously. With 216,800 shares average volume, it will take short sellers 13 days to cover their TNGO’s short positions. The short interest to Tangoe Incorporated’s float is 12.24%. About 138,893 shares traded hands or 72.75% up from the average. Tangoe Inc (NASDAQ:TNGO) has declined 4.67% since April 15, 2016 and is downtrending. It has underperformed by 9.30% the S&P500.

Tangoe, Inc. is a provider of information technology and Telecom Expense Management (TEM) software and related services. The company has a market cap of $285.81 million. The Firm offers its services to a range of global enterprises and service providers. It currently has negative earnings. The Company’s products and solutions include mobility, telecom, cloud, IT expense, strategic consulting and mobility as a service (MaaS).

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.51, from 1.44 in 2016Q1. The ratio dropped, as 10 funds sold all Tangoe Inc shares owned while 34 reduced positions. 12 funds bought stakes while 29 increased positions. They now own 23.59 million shares or 10.69% less from 26.41 million shares in 2016Q1.
State Of Tennessee Treasury Department owns 29,188 shares or 0% of their US portfolio. Geode Capital Management Limited Liability Company last reported 253,577 shares in the company. Deutsche Bankshares Ag has 0% invested in the company for 91,411 shares. Manufacturers Life Ins The last reported 21,213 shares in the company. Pinebridge Invests L P accumulated 0% or 4,402 shares. Blackrock Ltd reported 38,678 shares or 0% of all its holdings. Ubs Asset Mngmt Americas, a Illinois-based fund reported 19,799 shares. Comml Bank Of America De, a North Carolina-based fund reported 7,668 shares. Us Bancorporation De holds 0% of its portfolio in Tangoe Inc (NASDAQ:TNGO) for 100 shares. Summit Ltd Liability Com, a New York-based fund reported 10,781 shares. Sei Invests Communication has invested 0% of its portfolio in Tangoe Inc (NASDAQ:TNGO). Morgan Stanley has 0% invested in the company for 1,274 shares. Louisiana State Employees Retirement System, a Louisiana-based fund reported 16,600 shares. Barclays Public Ltd Co has invested 0% of its portfolio in Tangoe Inc (NASDAQ:TNGO). The Michigan-based Ls Investment Advisors Limited Liability Com has invested 0% in Tangoe Inc (NASDAQ:TNGO).

Tangoe Inc (NASDAQ:TNGO) Ratings Coverage

Out of 6 analysts covering Tangoe (NASDAQ:TNGO), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Tangoe has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Deutsche Bank downgraded Tangoe Inc (NASDAQ:TNGO) rating on Friday, August 7. Deutsche Bank has “Hold” rating and $10 price target. As per Monday, November 9, the company rating was maintained by Northland Capital. Barclays Capital maintained Tangoe Inc (NASDAQ:TNGO) rating on Friday, August 7. Barclays Capital has “Underweight” rating and $10 price target. The firm has “Outperform” rating given on Monday, August 10 by Barrington Research. The stock of Tangoe Inc (NASDAQ:TNGO) earned “Market Perform” rating by Raymond James on Wednesday, April 20. The rating was maintained by TH Capital with “Buy” on Friday, August 7. Northland Capital downgraded the stock to “Market Perform” rating in Friday, August 7 report.

TNGO Company Profile

Tangoe, Inc., incorporated on February 9, 2000, is a well-known provider of information technology (IT) and Telecom Expense Management (TEM) software and related services. The Firm offers its services to a range of global enterprises and service providers. The Company’s products and solutions include mobility, telecom, cloud, IT expense, strategic consulting and mobility as a service (MaaS). The Company’s mobility solution includes expense management; procurement, logistics and activation; usage management; enterprise mobility; mobile support, and financial management. The Firm offers TEM software, consulting and support.

More recent Tangoe Inc (NASDAQ:TNGO) news were published by: Businesswire.com which released: “Tangoe, Inc. Receives Delisting Determination Letter from Nasdaq” on September 19, 2016. Also Businesswire.com published the news titled: “Tangoe, Inc. and Vodafone Announce Agreement for Strategic Partnership” on April 06, 2016. Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” with publication date: March 08, 2016 was also an interesting one.

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By Ellis Scott


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