As of Jun 27, 2018 Uniti Group Inc (NASDAQ:UNIT) Shorts Reduced By 7.6%

June 27, 2018 - By Sarah Holford

Uniti Group Inc (NASDAQ:UNIT) had a decrease of its shares shorted by 7.6%. It was published in June by FINRA the 25.39M shares shorted on UNIT. The down change of 7.6% from 27.48M shares was reported. With Average volume 1.67M, UNIT’s former position will take 15 days to recover. Uniti Group Inc float short is 15.51%.

UNIT is touching $20.7 during the last trading session, after decreased 2.17%.Uniti Group Inc. has volume of 1.24M shares. Since June 27, 2017 UNIT has declined 19.29% and is downtrending. UNIT underperformed the S&P 500 by 31.86%.

Uniti Group Inc., an internally managed real estate investment trust, engages in the acquisition and construction of mission critical communications industry in the United States and Mexico.The firm is valued at $3.72 billion. It operates in four business divisions: Leasing, Fiber Infrastructure, Towers, and Consumer CLEC.Currently it has negative earnings. The firm engages in the acquisition and leasing of mission-critical communications assets, such as fiber, data centers, consumer broadband, coaxial and upgradeable copper assets.

Another two news for Uniti Group Inc. (NASDAQ:UNIT) were briefly announced by: Seekingalpha.com on June 18, 2018 with title “Uniti Means Opportunity”. The other Seekingalpha.com‘s article was titled “Uniti Group: Breaking Away From Windstream” and announced on June 07, 2018.

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