Newest Short Interest Filing: After Reaching Milestone, Is Boingo Wireless Incorporated (NASDAQ:WIFI)’s Short Interest Revealing Something?

November 21, 2016 - By kentuckypostne   ·   0 Comments

Newest Short Interest Filing: After Reaching Milestone, Is Boingo Wireless Incorporated (NASDAQ:WIFI)’s Short Interest Revealing Something?

The stock of Boingo Wireless Incorporated (NASDAQ:WIFI) registered an increase of 2.95% in short interest. WIFI’s total short interest was 2.88M shares in November as published by FINRA. Its up 2.95% from 2.80 million shares, reported previously. With 156,000 shares average volume, it will take short sellers 19 days to cover their WIFI’s short positions. The short interest to Boingo Wireless Incorporated’s float is 8.24%. About 97,431 shares traded hands. Boingo Wireless Inc (NASDAQ:WIFI) has risen 56.54% since April 19, 2016 and is uptrending. It has outperformed by 52.68% the S&P500.

Boingo Wireless, Inc. is a provider of commercial mobile wireless fidelity Internet solutions and indoor direct-attached storage (DAS) services for carriers. The company has a market cap of $461.75 million. The Firm operates as a service well-known provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices segment. It currently has negative earnings. The Firm has established wireless networks that provide high-speed, high-bandwidth wireless connectivity to smartphones, tablets, laptops, wearables, the Internet of Things (IoT) and other wireless-enabled devices.

Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.14, from 1 in 2016Q1. The ratio increased, as 15 funds sold all Boingo Wireless Inc shares owned while 31 reduced positions. 9 funds bought stakes while 37 increased positions. They now own 29.97 million shares or 12.07% less from 34.08 million shares in 2016Q1.
Northern Tru Corporation accumulated 517,466 shares or 0% of the stock. Vanguard owns 1.41M shares or 0% of their US portfolio. Spot Trading Ltd Liability Co owns 1,200 shares or 0% of their US portfolio. D E Shaw & owns 59,507 shares or 0% of their US portfolio. Millrace Asset Group Inc accumulated 3.14% or 215,777 shares. Citigroup Inc accumulated 0% or 5,340 shares. Geode Cap Mgmt Limited Liability Corp last reported 225,110 shares in the company. Aqr Capital Ltd, a Connecticut-based fund reported 21,497 shares. Sarbit Advisory Service, a Manitoba – Canada-based fund reported 126,765 shares. California State Teachers Retirement last reported 0% of its portfolio in the stock. Geduld E E accumulated 0.94% or 80,000 shares. Teacher Retirement Of Texas holds 4,973 shares or 0% of its portfolio. Columbia Wanger Asset Ltd Com has 0.29% invested in the company for 2.80M shares. Manufacturers Life Insurance The accumulated 26,678 shares or 0% of the stock. Moab Cap Ptnrs Lc holds 39,542 shares or 0.11% of its portfolio.

Insider Transactions: Since September 1, 2016, the stock had 0 buys, and 3 sales for $280,325 net activity. $125,375 worth of Boingo Wireless Inc (NASDAQ:WIFI) was sold by Callahan Dawn on Monday, October 3. Tracey Tom sold $31,650 worth of stock.

Boingo Wireless Inc (NASDAQ:WIFI) Ratings Coverage

Out of 6 analysts covering Boingo Wireless (NASDAQ:WIFI), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Boingo Wireless has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, June 20 the stock rating was initiated by Lake Street with “Buy”. The stock of Boingo Wireless Inc (NASDAQ:WIFI) earned “Buy” rating by Craig Hallum on Tuesday, July 21. The stock of Boingo Wireless Inc (NASDAQ:WIFI) earned “Sell” rating by BTIG Research on Monday, July 11. The stock of Boingo Wireless Inc (NASDAQ:WIFI) earned “Buy” rating by Craig Hallum on Friday, November 4. On Monday, August 10 the stock rating was maintained by DA Davidson with “Buy”. On Tuesday, September 22 the stock rating was upgraded by Zacks to “Hold”.

WIFI Company Profile

Boingo Wireless, Inc., incorporated on April 16, 2001, is a well-known provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services for carriers. The Firm operates as a service well-known provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices segment. The Firm has established wireless networks that provide high-speed, high-bandwidth wireless connectivity to smartphones, tablets, laptops, wearables, the Internet of Things (IoT) and other wireless-enabled devices. The Company’s wireless networks include DAS, femto-cell, and Wi-Fi networks that it manages and operates, which it refers to as managed and operated locations, as well as Wi-Fi networks managed and operated by third-parties with whom it contract for access (roaming networks). The Company’s managed and operated locations are typically located in large venues with big audiences, such as airports, stadiums, arenas, military bases, universities, big box retailers, convention centers and office buildings. It installs wireless network infrastructure in these locations, which generally have exclusive multi-year agreements, and then monetize these networks in a number of ways. It also sells advertising on other Wi-Fi networks that are not part of its network on behalf of the network owner. The Company’s services include DAS or Femto-Cell, Wholesale-Wi-Fi, Retail, Military and Advertising.

More news for Boingo Wireless Inc (NASDAQ:WIFI) were recently published by: Marketwatch.com, which released: “Boingo Wireless started at sell with $6.85 stock price target at BTIG” on February 08, 2011. Quotes.Wsj.com‘s article titled: “News Boingo Wireless Inc.WIFI” and published on April 29, 2011 is yet another important article.

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