CommScope Holding Company, Inc. (NASDAQ:COMM) Short Interest Update

CommScope Holding Company, Inc. (NASDAQ:COMM) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 10,530,000 shares, an increase of 16.0% from the February 13th total of 9,080,000 shares. Approximately 5.0% of the company’s shares are short sold. Based on an average daily volume of 4,590,000 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of COMM. Aster Capital Management DIFC Ltd acquired a new position in shares of CommScope during the 4th quarter worth about $27,000. National Bank of Canada FI increased its stake in shares of CommScope by 109.1% during the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 6,030 shares during the last quarter. Quarry LP increased its stake in shares of CommScope by 1,005.4% during the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 7,380 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of CommScope by 67.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 4,026 shares during the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COMM has been the topic of a number of research analyst reports. StockNews.com upgraded shares of CommScope from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Morgan Stanley lowered shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upgraded shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.75.

CommScope Price Performance

CommScope stock opened at $5.49 on Friday. The firm has a market capitalization of $1.19 billion, a PE ratio of -1.24, a P/E/G ratio of 0.41 and a beta of 1.89. The company’s 50-day moving average is $5.28 and its 200-day moving average is $5.42. CommScope has a fifty-two week low of $0.86 and a fifty-two week high of $7.19.

CommScope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.