Cambium Networks Co. (NASDAQ:CMBM) Short Interest Update

Cambium Networks Co. (NASDAQ:CMBM) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 570,300 shares, an increase of 11.1% from the November 15th total of 513,100 shares. Based on an average daily volume of 82,200 shares, the days-to-cover ratio is currently 6.9 days. Currently, 4.5% of the company’s shares are short sold.

Cambium Networks Price Performance

Shares of Cambium Networks stock opened at $0.78 on Tuesday. The business has a 50-day simple moving average of $1.22 and a 200 day simple moving average of $1.82. Cambium Networks has a one year low of $0.77 and a one year high of $6.50. The firm has a market capitalization of $22.03 million, a price-to-earnings ratio of -0.26 and a beta of 0.98.

Analyst Ratings Changes

Separately, Northland Securities cut their target price on shares of Cambium Networks from $5.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On Cambium Networks

Several hedge funds and other institutional investors have recently modified their holdings of the company. Paradigm Capital Management Inc. NY grew its position in Cambium Networks by 29.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,756,400 shares of the company’s stock valued at $7,690,000 after purchasing an additional 627,453 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Cambium Networks by 266.4% in the third quarter. GSA Capital Partners LLP now owns 205,369 shares of the company’s stock valued at $376,000 after buying an additional 149,326 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Cambium Networks during the second quarter valued at about $187,000. RBF Capital LLC increased its position in shares of Cambium Networks by 28.5% during the third quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock worth $397,000 after acquiring an additional 48,077 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Cambium Networks by 13.5% during the second quarter. Federated Hermes Inc. now owns 305,164 shares of the company’s stock worth $851,000 after acquiring an additional 36,270 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.