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

June 27, 2018 - By Arnold Ferreira

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 increased due to Ubiquiti Networks, Inc. positioning: 24 sold and 60 reduced. 21 funds amassed holdings and 36 increased holdings. Investors holded 22.83 million in 2017Q4 but now own 22.24 million shares or 2.61% less.
Kempen Cap Management Nv holds 77,768 shs. Barclays Public Limited owns 33,107 shs for 0% of their capital. Pub Employees Retirement Systems Of Ohio reported 0.05% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Ny State Common Retirement Fund stated it has 0% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Raymond James & Assoc invested in 0% or 3,727 shs. Hussman Strategic Advsrs has 0.57% invested in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Jefferies Group Llc holds 0% in Ubiquiti Networks, Inc. (NASDAQ:UBNT) or 600 shs. 1832 Asset Mgmt Limited Partnership, a Ontario – Canada-based fund reported 24,730 shs. Salem Counselors Incorporated owns 0.41% invested in Ubiquiti Networks, Inc. (NASDAQ:UBNT) for 52,708 shs. Sheets Smith Wealth Mngmt accumulated 4,591 shs. Us Bank & Trust De invested 0% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). 1.60 million were reported by Blackrock. Great West Life Assurance Comm Can, Manitoba – Canada-based fund reported 3,090 shs. Pictet & Cie (Europe) accumulated 4,300 shs. Glob X Ltd Co, New York-based fund reported 652 shs.

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

Ticker’s shares touched $84.28 during the last trading session after 0.77% change.Currently Ubiquiti Networks, Inc. is uptrending after 72.77% change in last June 27, 2017. UBNT has 110,984 shares volume. The stock outperformed the S&P500 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.The P/E ratio is 46.44. 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

In total 3 analysts cover Ubiquiti Networks (NASDAQ:UBNT). “Buy” rating has 0, “Sell” are 0, while 3 are “Hold”. 0 are bullish. With $74 highest and $55 lowest price target Ubiquiti Networks has $64 average price target or -24.06% below the current ($84.28) price. 3 are the (NASDAQ:UBNT)’s analyst reports since February 9, 2018 according to StockzIntelligence Inc. On Friday, February 9 the firm has “Hold” rating given by Deutsche Bank. On Friday, February 9 BMO Capital Markets maintained Ubiquiti Networks, Inc. (NASDAQ:UBNT) rating. BMO Capital Markets has “Market Perform” rating and $63 target.

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

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

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