Short Interest Worth Watching: Could BT Group Plc (NYSE:BT) Go Down After Its Newest Short Interest Report?

November 28, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Worth Watching: Could BT Group Plc (NYSE:BT) Go Down After Its Newest Short Interest Report?

The stock of BT Group Plc (NYSE:BT) registered a decrease of 26.69% in short interest. BT’s total short interest was 247,700 shares in November as published by FINRA. Its down 26.69% from 337,900 shares, reported previously. With 489,300 shares average volume, it will take short sellers 1 days to cover their BT’s short positions. The short interest to BT Group Plc’s float is 0.02%. About 141,555 shares traded hands. BT Group plc (ADR) (NYSE:BT) has declined 27.82% since April 25, 2016 and is downtrending. It has underperformed by 33.84% the S&P500.

BT Group plc is a communications services company. The company has a market cap of $43.44 billion. The Firm is engaged in selling fixed-voice services, broadband, mobile and television services and products, as well as managed networked information technology solutions and cyber security protection. It has a 12.27 P/E ratio.

BT Group plc (ADR) (NYSE:BT) Ratings Coverage

Out of 7 analysts covering BT Group plc (NYSE:BT), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. BT Group plc has been the topic of 10 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, October 7, the company rating was downgraded by Macquarie Research. The company was upgraded on Thursday, April 28 by UBS. Citigroup upgraded the shares of BT in a report on Monday, June 27 to “Buy” rating. The company was downgraded on Monday, September 21 by Nomura. The firm has “Neutral” rating given on Thursday, September 1 by JP Morgan. The company was reinitiated on Tuesday, January 12 by JP Morgan. The rating was upgraded by Macquarie Research to “Neutral” on Tuesday, June 28. The firm earned “Neutral” rating on Monday, June 27 by Credit Suisse. Jefferies downgraded the stock to “Hold” rating in Wednesday, April 20 report. The firm earned “Underperform” rating on Wednesday, July 22 by Macquarie Research.

BT Company Profile

BT Group plc, incorporated on March 30, 2001, is a communications services company. The Firm is engaged in selling fixed-voice services, broadband, mobile and television services and products, as well as various communications services ranging from phone and broadband through to managed networked information technology (IT) solutions and cyber security protection. The Firm operates in five divisions: BT Global Services, BT Business, BT Consumer, EE, BT Wholesale and Openreach. BT Global Services is engaged in providing managed networked IT services. BT Business provides communications and IT services in the United Kingdom and the Republic of Ireland (RoI). BT Consumer segment is a well-known provider of fixed-voice and broadband services in the United Kingdom. EE is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers, businesses, the public sector and the wholesale market. BT Wholesale provides services to communications providers (CPs). Openreach provides services, such as copper and fiber connections between its exchanges, and homes and businesses.

Another recent and important BT Group plc (ADR) (NYSE:BT) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 13, 2011.

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By Linda Rogers


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