Short Interest Coverage: Time to Reconsider Ubiquiti Networks Incorporated (NASDAQ:UBNT) After More Short Sellers?

November 18, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Coverage: Time to Reconsider Ubiquiti Networks Incorporated (NASDAQ:UBNT) After More Short Sellers?

The stock of Ubiquiti Networks Incorporated (NASDAQ:UBNT) registered an increase of 0.63% in short interest. UBNT’s total short interest was 7.84M shares in November as published by FINRA. Its up 0.63% from 7.79 million shares, reported previously. With 420,500 shares average volume, it will take short sellers 19 days to cover their UBNT’s short positions. The short interest to Ubiquiti Networks Incorporated’s float is 31.99%. About 49,349 shares traded hands. Ubiquiti Networks Inc (NASDAQ:UBNT) has risen 67.15% since April 18, 2016 and is uptrending. It has outperformed by 62.72% the S&P500.

Ubiquiti Networks, Inc. develops performance networking technology for service providers and enterprises. The company has a market cap of $4.72 billion. The Firm offers a portfolio of networking products and solutions. It has a 20.26 P/E ratio. The Company’s service well-known provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.

Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.12, from 1.03 in 2016Q1. The ratio turned negative, as 19 funds sold all Ubiquiti Networks Inc shares owned while 51 reduced positions. 29 funds bought stakes while 43 increased positions. They now own 24.23 million shares or 11.14% less from 27.26 million shares in 2016Q1.
Cantab Ptnrs Llp last reported 0% of its portfolio in the stock. Commercial Bank Of New York Mellon Corporation holds 0% or 133,559 shares in its portfolio. Price T Rowe Associates Inc Md accumulated 0% or 7,540 shares. Federated Investors Incorporated Pa holds 29,126 shares or 0% of its portfolio. Us Bancorp De holds 0% or 1,007 shares in its portfolio. The Massachusetts-based Btim has invested 0.24% in Ubiquiti Networks Inc (NASDAQ:UBNT). Fifth Third Bank, a Ohio-based fund reported 500 shares. Moreover, Qs Lc has 0.02% invested in Ubiquiti Networks Inc (NASDAQ:UBNT) for 49,300 shares. Bnp Paribas Arbitrage Sa has 0% invested in the company for 1,007 shares. New Amsterdam Ptnrs Limited Liability holds 2.26% or 240,905 shares in its portfolio. Ny State Common Retirement Fund accumulated 27,700 shares or 0% of the stock. The Pennsylvania-based Susquehanna Gru Limited Liability Partnership has invested 0% in Ubiquiti Networks Inc (NASDAQ:UBNT). Legal General Public Limited Liability last reported 5,804 shares in the company. Great West Life Assurance Can has 0% invested in the company for 2,700 shares. Woodstock has 11,863 shares for 0.09% of their US portfolio.

Insider Transactions: Since November 11, 2016, the stock had 0 buys, and 1 sale for $527,952 net activity. TORRES RAFAEL had sold 10,000 shares worth $527,952 on Friday, November 11.

Ubiquiti Networks Inc (NASDAQ:UBNT) Ratings Coverage

Out of 8 analysts covering Ubiquiti Networks Inc (NASDAQ:UBNT), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. Ubiquiti Networks Inc has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Raymond James downgraded the shares of UBNT in a report on Friday, August 7 to “Underperform” rating. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) has “Buy” rating given on Friday, February 5 by Wunderlich. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) has “Hold” rating given on Friday, August 7 by Deutsche Bank. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) earned “Buy” rating by FBN Securities on Sunday, August 9. BMO Capital Markets downgraded Ubiquiti Networks Inc (NASDAQ:UBNT) rating on Thursday, September 17. BMO Capital Markets has “Underperform” rating and $30 price target. Morgan Stanley downgraded it to “Underweight” rating and $14 target price in Tuesday, October 20 report. On Monday, October 19 the stock rating was downgraded by JMP Securities to “Mkt Underperform”. The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) has “Buy” rating given on Friday, August 5 by Wunderlich. BMO Capital Markets upgraded the stock to “Market Perform” rating in Friday, May 6 report. On Thursday, January 14 the stock rating was downgraded by Bernstein to “Mkt Perform”.

UBNT Company Profile

Ubiquiti Networks, Inc., incorporated on June 24, 2010, develops performance networking technology for service providers and enterprises. The Firm offers a portfolio of networking products and solutions. The Company’s service well-known provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The Company’s enterprise product platforms provide wireless local area network (WLAN) infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. The Company’s products and solutions include radios, antennas, software, communications protocols and management tools that are designed to deliver carrier and enterprise class wireless broadband access and other services primarily in the unlicensed radio frequency (RF) spectrum. The Company’s service well-known provider and carrier solutions include Base Station/Backhaul/Customer Premise Equipment (CPE)/Bridge-airMAX, Network Routing Platform-EdgeMAX, Point-to-point Wireless Backhaul-airFiber and Solar Platform-sunMAX. The Company’s enterprise solutions include Enterprise WLAN-UniFi, Video Surveillance-UniFi Video, UniFi Switch, UniFi Security Gateway and Machine-To-Machine Communication-mFi.

More notable recent Ubiquiti Networks Inc (NASDAQ:UBNT) news were published by: Forbes.com which released: “Noteworthy Tuesday Option Activity: UBNT, TSRO, LVS” on November 15, 2016, also Fool.com with their article: “Why Ubiquiti Networks Inc. Stock Soared Today” published on February 05, 2016, Fool.com published: “Ubiquiti Networks Inc. Rides UniFi Strength to Another Strong Quarter” on May 06, 2016. More interesting news about Ubiquiti Networks Inc (NASDAQ:UBNT) were released by: Fool.com and their article: “Why Ubiquiti Networks, Inc. Stock Rose on Friday” published on August 08, 2016 as well as Marketwatch.com‘s news article titled: “Billionaire NBA owner Robert Pera’s plan to revolutionize home WiFi” with publication date: May 09, 2016.

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By Hazel Jackson


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