Short Interest Update on CommScope Holding Company (COMM)

CommScope Holding Company (COMM) : The bears are holding on to their shorts in Accenture Plc with 3 more days remaining for them to cover their positions. The bearish positions have increased from 4,674,177 on Jul 29, 2016, to 4,955,810, on August 15, 2016. Daily, 1,796,628 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 281,633 shares, which is an increase of just 6%. The total short interest of 3.3% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

CommScope Holding Company (NASDAQ:COMM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.45 and $29.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.95, notching a gain of 2.60% for the day. The total traded volume was 4,913,803 . The stock had closed at $29.19 on the previous day.


In a related news, The Securities and Exchange Commission has divulged that Karlsson Peter U, officer (SVP of CommScope, Inc.) of Commscope Holding Company, Inc., had unloaded 7,796 shares at an average price of $30.06 in a transaction dated on August 1, 2016. The total value of the transaction was worth $234,348.

CommScope Holding Company, Inc. is provider of connectivity and infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company provides radio frequency (RF) solutions, connectivity and cabling platforms, data center and building infrastructure, and broadband access solutions. The Company operates through three segments: Wireless, Enterprise and Broadband. The Companys solutions, marketed primarily under the Andrew brand, enable wireless operators to deploy both macro cell sites and small cell distributed antenna systems (DAS) solutions to meet coverage and capacity requirements. The Companys enterprise connectivity solutions for data centers and commercial buildings comprises voice, video, data and converged solutions that support mission-critical applications. The Company provides cable and communications products that support the multichannel video, voice and data services provided by multi-system operators (MSOs).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.