Short Interest Change: Time to Reconsider Towerstream Corporation (NASDAQ:TWER) After More Short Sellers?

November 18, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Change: Time to Reconsider Towerstream Corporation (NASDAQ:TWER) After More Short Sellers?

The stock of Towerstream Corporation (NASDAQ:TWER) registered an increase of 5.26% in short interest. TWER’s total short interest was 612,000 shares in November as published by FINRA. Its up 5.26% from 581,400 shares, reported previously. With 106,100 shares average volume, it will take short sellers 6 days to cover their TWER’s short positions. The short interest to Towerstream Corporation’s float is 15.08%. About 168,841 shares traded hands. Towerstream Corporation (NASDAQ:TWER) has declined 81.67% since April 18, 2016 and is downtrending. It has underperformed by 86.10% the S&P500.

Towerstream Corporation is a provider of fixed wireless services to businesses in over 10 urban markets across the United States. The company has a market cap of $4.20 million. The Firm operates through Fixed Wireless Services segment. It currently has negative earnings. The Company’s fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 1.00, from 1 in 2016Q1. The ratio turned negative, as 8 funds sold all Towerstream Corporation shares owned while 6 reduced positions. 6 funds bought stakes while 8 increased positions. They now own 5.58 million shares or 58.90% less from 13.59 million shares in 2016Q1.
Blackrock Advsr Ltd Liability Co has 0% invested in the company for 15,223 shares. Moreover, Bancorporation Of America De has 0% invested in Towerstream Corporation (NASDAQ:TWER) for 4,700 shares. Oxbow Advisors Ltd Liability Corp, a Texas-based fund reported 160,500 shares. Royal Fincl Bank Of Canada accumulated 0% or 6,000 shares. Cambridge Advsr Inc accumulated 0% or 21,650 shares. Jpmorgan Chase And Com holds 0% of its portfolio in Towerstream Corporation (NASDAQ:TWER) for 42 shares. Blair William And Il has invested 0% of its portfolio in Towerstream Corporation (NASDAQ:TWER). Morgan Stanley holds 0% or 18,088 shares in its portfolio. Guggenheim Capital Limited Liability holds 0% or 13,000 shares in its portfolio. Northern Tru Corp holds 84,873 shares or 0% of its portfolio. Advisory Svcs Network Limited Liability Company last reported 0% of its portfolio in the stock. Moreover, Blackrock Fund has 0% invested in Towerstream Corporation (NASDAQ:TWER) for 15,689 shares. Two Sigma Secs Ltd owns 81,523 shares or 0.01% of their US portfolio. Goldman Sachs Grp, a New York-based fund reported 103,080 shares. Soros Fund Mngmt Ltd Liability reported 431,800 shares or 0% of all its holdings.

Towerstream Corporation (NASDAQ:TWER) Ratings Coverage

Out of 3 analysts covering Towerstream (NASDAQ:TWER), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Towerstream has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by H.C. Wainwright on Tuesday, August 11. The firm has “Hold” rating given on Tuesday, September 22 by Zacks. The firm has “Sell” rating by Zacks given on Saturday, August 22. As per Thursday, February 18, the company rating was downgraded by DA Davidson.

TWER Company Profile

Towerstream Corporation (Towerstream), incorporated on January 4, 2007, is a well-known provider of fixed wireless services to businesses in over 10 urban markets across the United States. The Firm operates through Fixed Wireless Services (Fixed Wireless) segment. The Company’s fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.

More news for Towerstream Corporation (NASDAQ:TWER) were recently published by: Globenewswire.com, which released: “Towerstream Corporation Announces Reverse Stock Split” on July 06, 2016. Streetinsider.com‘s article titled: “Towerstream Corporation (TWER) Provided Q2 Guidance” and published on June 14, 2016 is yet another important article.

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By Adrian Mccoy


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