Ubiquiti Networks Inc (NASDAQ:UBNT) Shorts Decreased By 7.7%

June 27, 2018 - By Bridget Boland

Ubiquiti Networks, Inc. (NASDAQ:UBNT) Corporate Logo

Big Money Sentiment increased to 0.68 in Q1 2018. It has change of 0.09, from 2017Q4’s 0.59. The ratio improved due to Ubiquiti Networks, Inc. positioning: 24 sold and 60 reduced. 21 funds acquired stakes and 36 increased stakes. Investors holded 22.83 million in 2017Q4 but now own 22.24 million shares or 2.61% less.
Credit Suisse Ag has invested 0% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Royal National Bank Of Canada accumulated 69,440 shs. Goldman Sachs Grp Inc Inc has invested 0% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Washington Tru Savings Bank reported 0% stake. Koch Indus, a Kansas-based fund reported 5,784 shs. Jpmorgan Chase & Com holds 0% in Ubiquiti Networks, Inc. (NASDAQ:UBNT) or 7,750 shs. Bnp Paribas Arbitrage has 9,480 shs. 244,022 are owned by Geode Cap Mngmt Ltd Liability Corporation. Old National Savings Bank In has 9,843 shs. Citigroup has invested 0% of its capital in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Ubs Asset Management Americas holds 18,883 shs or 0% of its capital. Jackson Square Ptnrs Ltd Company holds 1.16 million shs. Wellington Mgmt Group Inc Ltd Liability Partnership stated it has 84,365 shs or 0% of all its holdings. Macquarie Grp Inc holds 209,876 shs or 0.03% of its capital. Walleye Trading Limited Com has invested 0.03% of its capital in Ubiquiti Networks, Inc. (NASDAQ:UBNT).

Ubiquiti Networks Inc (NASDAQ:UBNT) registered a decrease of 7.7% in short interest. FINRA announced in June UBNT’s total 8.81 million short interest. The down change of 7.7% from 9.55M shares was reported. Former UBNT’s position will need 36 days to recover. It has 243,100 average volume. Ubiquiti Networks Inc’s short interest float is 40.96%.

UBNT is reaching $84.28 during the last trading session, after increased 0.77%.Currently Ubiquiti Networks, Inc. is uptrending after 72.77% change in last June 27, 2017. UBNT has 110,984 shares volume. UBNT outperformed the S&P 500 by 60.20%.

Ubiquiti Networks, Inc. develops networking technology for service providers, enterprises, and clients worldwide.The firm is valued at $6.24 billion. The company??s service well-known provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other complimentary WLAN products.46.44 is the P/E ratio. The Company’s products and solutions include radios, antennas, software, communications protocols, and management tools to deliver carrier and enterprise class wireless broadband access and other services in the unlicensed RF spectrum.

Ubiquiti Networks, Inc. (NASDAQ:UBNT) Ratings Coverage

Total analysts of 3 have positions in Ubiquiti Networks (NASDAQ:UBNT) as follows: 0 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 0. The firm has $74 highest while $55 is the lowest target. The average target $64 is -24.06% below the last ($84.28) price. Since February 9, 2018 according to StockzIntelligence Inc Ubiquiti Networks has 3 analyst reports. On Friday, February 9 the company was maintained by BMO Capital Markets. In Friday, February 9 report Deutsche Bank maintained the stock with “Hold” rating.

More recent Ubiquiti Networks, Inc. (NASDAQ:UBNT) news were released by Seekingalpha.com, Digitaljournal.com and Fool.com. The first one has “Forget The Buybacks – Run Fast, Run Far” as a title and was released on June 14, 2018. The next is “NASDAQ:UBNT Shareholder Notice: Investigation of Potential Wrongdoing at Ubiquiti Networks Inc” on June 25, 2018. And last was released on June 16, 2018, called “Why Ubiquiti Networks, Inc. Stock Rose 15.9% in May”.

Ubiquiti Networks, Inc. (NASDAQ:UBNT) Institutional Investors Chart

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