Short Interest Alert: Will Cogent Communications Holdings I (NASDAQ:CCOI) Run Out of Steam Soon? Short Interest is Up

November 29, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Alert: Will Cogent Communications Holdings I (NASDAQ:CCOI) Run Out of Steam Soon? Short Interest is Up

The stock of Cogent Communications Holdings I (NASDAQ:CCOI) registered an increase of 4.24% in short interest. CCOI’s total short interest was 4.30M shares in November as published by FINRA. Its up 4.24% from 4.13 million shares, reported previously. With 262,200 shares average volume, it will take short sellers 16 days to cover their CCOI’s short positions. The short interest to Cogent Communications Holdings I’s float is 10.72%. The stock decreased 0.64% or $0.25 during the last trading session, hitting $38.85. Cogent Communications Holdings Inc (NASDAQ:CCOI) has risen 0.73% since April 26, 2016 and is uptrending. It has underperformed by 4.53% the S&P500.

Cogent Communications Holdings, Inc

Insitutional Activity: The institutional sentiment increased to 0.81 in 2016 Q2. Its up 0.03, from 0.78 in 2016Q1. The ratio is positive, as 19 funds sold all Cogent Communications Holdings Inc shares owned while 71 reduced positions. 23 funds bought stakes while 47 increased positions. They now own 44.27 million shares or 6.01% less from 47.10 million shares in 2016Q1.
Manufacturers Life Insurance The, a Ontario – Canada-based fund reported 27,542 shares. State Board Of Administration Of Florida Retirement System holds 0% of its portfolio in Cogent Communications Holdings Inc (NASDAQ:CCOI) for 31,946 shares. The Georgia-based Voya Invest Limited Liability has invested 0% in Cogent Communications Holdings Inc (NASDAQ:CCOI). Stanley holds 0.29% or 18,541 shares in its portfolio. Qs Lc has 861 shares for 0% of their US portfolio. Parallax Volatility Advisers Ltd Partnership last reported 0% of its portfolio in the stock. Secor Cap Advsrs L P accumulated 72,877 shares or 0.37% of the stock. State Street accumulated 0% or 876,054 shares. National Bank Of Montreal Can has 185,819 shares for 0.01% of their US portfolio. Prudential Fincl reported 105,637 shares or 0.01% of all its holdings. Aperio Limited Liability Company holds 0% of its portfolio in Cogent Communications Holdings Inc (NASDAQ:CCOI) for 8,006 shares. 1492 Cap Limited Liability Company last reported 5,996 shares in the company. Nuveen Asset Mngmt Limited Liability Corp holds 37,326 shares or 0.01% of its portfolio. Principal Financial Grp holds 0.02% or 295,185 shares in its portfolio. Jennison Ltd Liability holds 0.08% or 1.81M shares in its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 19 sales for $861,653 net activity. 1,000 Cogent Communications Holdings Inc (NASDAQ:CCOI) shares with value of $40,089 were sold by BEURY ROBERT N JR. ONEILL TIMOTHY G sold $42,640 worth of stock or 1,000 shares. 233 shares were sold by BUBECK JAMES, worth $8,447 on Thursday, August 25. 1,000 shares were sold by KUMMER RAYMOND B, worth $39,900. 1,000 Cogent Communications Holdings Inc (NASDAQ:CCOI) shares with value of $40,300 were sold by KILMER HENRY W. WEED THADDEUS GERARD sold 5,000 shares worth $200,333.

Cogent Communications Holdings Inc (NASDAQ:CCOI) Ratings Coverage

Out of 5 analysts covering Cogent Communications Group Inc. (NASDAQ:CCOI), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Cogent Communications Group Inc. has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Pacific Crest with “Overweight” on Friday, February 26. On Friday, October 16 the stock rating was upgraded by Drexel Hamilton to “Buy”. On Tuesday, September 22 the stock rating was initiated by RBC Capital Markets with “Outperform”. The company was maintained on Friday, August 12 by Citigroup. The stock of Cogent Communications Holdings Inc (NASDAQ:CCOI) earned “Neutral” rating by Citigroup on Wednesday, July 27. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, August 11. The firm has “Buy” rating given on Friday, August 7 by Citigroup. The stock has “Neutral” rating given by JP Morgan on Tuesday, February 23. The firm earned “Outperform” rating on Friday, February 26 by RBC Capital Markets. The firm has “Neutral” rating by JP Morgan given on Monday, September 26.

CCOI Company Profile

Cogent Communications Holdings, Inc., incorporated on April 17, 2014, is a facility well-known provider of Internet access and Internet Protocol (IP) communications services. The Company’s network is designed and optimized to transmit data using IP. The Firm delivers its services to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations in North America, Europe and Asia. The Firm offers on-net Internet access services through its own facilities, which run from its network to its customers’ premises. The Firm offers its on-net services to clients located in buildings that are physically connected to its network. The Company’s on-net service consists of high-speed Internet access and IP connectivity ranging from 100 Megabits per second to 100 Gigabits per second of bandwidth. It provides its on-net Internet access services to its net-centric and corporate customers.

More important recent Cogent Communications Holdings Inc (NASDAQ:CCOI) news were published by: Prnewswire.com which released: “Cogent Launches Notes Offering” on November 28, 2016, also Prnewswire.com published article titled: “Cogent Communications Reports Third Quarter 2016 Results and Increases Regular …”, Prnewswire.com published: “Cogent Communications Reports Second Quarter 2016 Results and Increases …” on August 04, 2016. More interesting news about Cogent Communications Holdings Inc (NASDAQ:CCOI) was released by: Prnewswire.com and their article: “Cogent Communications CEO to Present at Upcoming Conference” with publication date: October 28, 2016.

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By Dolores Ford


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