On May 3, 2018 Uniti Group Inc (NASDAQ:UNIT) Shorts Increased By 7.99%

May 3, 2018 - By Sarah Holford

It was noted an increase on Uniti Group Inc (NASDAQ:UNIT)’s short interest with 7.99%. In May was issued UNIT’s total 29.21 million short interest by FINRA. The up change of 7.99% from 27.05 million shares was reported. Previous UNIT’s position will need 15 days to restore. It has 1.93 million average volume. Uniti Group Inc float short is 17.85%.

The stock increased 3.51% or $0.63 during the last trading session, touching $18.58.Uniti Group Inc. has 2.98 million shares volume, 41.15% up from normal. UNIT is downtrending and has moved 35.45% since May 3, 2017. UNIT underperformed the S&P 500 by 47.00%.

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 $3.34 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.

Uniti Group Inc. (NASDAQ:UNIT) Analyst Ratings Chart

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