Short Interest: Is Cable One Incorporated (NYSE:CABO) a Buy? The Stock Reported more Sellers

November 28, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest: Is Cable One Incorporated (NYSE:CABO) a Buy? The Stock Reported more Sellers

The stock of Cable One Incorporated (NYSE:CABO) registered an increase of 10.16% in short interest. CABO’s total short interest was 197,400 shares in November as published by FINRA. Its up 10.16% from 179,200 shares, reported previously. With 28,100 shares average volume, it will take short sellers 7 days to cover their CABO’s short positions. The short interest to Cable One Incorporated’s float is 4.22%. About 32,320 shares traded hands. Cable One Inc (NYSE:CABO) has risen 27.77% since April 25, 2016 and is uptrending. It has outperformed by 21.76% the S&P500.

Cable One, Inc. is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The company has a market cap of $3.36 billion. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It has a 34.04 P/E ratio. It provides these broadband services to residential and business clients in approximately 40 cable systems covering over 400 cities and towns.

CABO Company Profile

Cable One, Inc., incorporated on November 16, 1994, is a well-known provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. The Firm provides these broadband services to residential and business clients in approximately 40 cable systems covering over 400 cities and towns. The markets it serves are non-metropolitan, secondary markets, with its clients located in approximately five states: Mississippi, Idaho, Oklahoma, Texas and Arizona. The Company’s biggest customer concentrations are in the Mississippi Gulf Coast region and in the greater Boise, Idaho region. The Firm is the cable system operator in the United States making services available to approximately 1,644,000 homes in the United States. The Firm provides service to approximately 664,600 residential and business clients out of over 1,644,000 homes passed. Of these customers, approximately 501,240 subscribed to data services, over 364,150 to video services and approximately 127,090 to voice services. The Company’s billing system generally counts each unit in a multi-dwelling unit (MDU) as one home passed.

More important recent Cable One Inc (NYSE:CABO) news were published by: Forbes.com which released: “Ex-Dividend Reminder: HanesBrands, Spectrum Brands Holdings and Cable One” on August 10, 2016, also Fool.com published article titled: “Cable One Inc Grows Revenue as Shift to Data and Business Services Continues”, Businesswire.com published: “Cable ONE to Participate in UBS Global Media & Communications Conference” on November 21, 2016. More interesting news about Cable One Inc (NYSE:CABO) was released by: Quotes.Wsj.com and their article: “News Cable One Inc.CABO” with publication date: June 23, 2015.

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By Hazel Jackson


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