Boingo Wireless Incorporated (NASDAQ:WIFI) Shorted Shares Decreased By 0.97%

The stock of Boingo Wireless Incorporated (NASDAQ:WIFI) registered a decrease of 0.97% in short interest. WIFI’s total short interest was 2.80 million shares in September as published by FINRA. Its down 0.97% from 2.83M shares, reported previously. With 154,400 shares average volume, it will take short sellers 18 days to cover their WIFI’s short positions. The short interest to Boingo Wireless Incorporated’s float is 8%. The stock increased 1.96% or $0.19 during the last trading session, hitting $9.87. Boingo Wireless Inc (NASDAQ:WIFI) has risen 56.92% since February 25, 2016 and is uptrending. It has outperformed by 45.66% the S&P500.

Boingo Wireless, Inc. is a provider of commercial mobile wireless fidelity Internet solutions and indoor direct-attached storage (DAS) services for carriers. The company has a market cap of $383.34 million. The Firm operates as a service well-known provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices segment. It currently has negative earnings. The Firm has established wireless networks that provide high-speed, high-bandwidth wireless connectivity to smartphones, tablets, laptops, wearables, the Internet of Things (IoT) and other wireless-enabled devices.

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.66, from 1.66 in 2016Q1. The ratio dropped, as 15 funds sold all Boingo Wireless Inc shares owned while 31 reduced positions. 9 funds bought stakes while 37 increased positions. They now own 29.97 million shares or 12.07% less from 34.08 million shares in 2016Q1.

S Squared Technology Llc holds 4.55% of its portfolio in Boingo Wireless Inc for 486,603 shares. Millrace Asset Group Inc. owns 215,777 shares or 3.14% of their US portfolio. Moreover, P.A.W. Capital Corp has 3.06% invested in the company for 300,000 shares. The Wisconsin-based 1492 Capital Management Llc has invested 2.59% in the stock. Herald Investment Management Ltd, a United Kingdom-based fund reported 660,000 shares.

Out of 4 analysts covering Boingo Wireless (NASDAQ:WIFI), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. Boingo Wireless has been the topic of 4 analyst reports since November 6, 2015 according to StockzIntelligence Inc. BTIG Research initiated the stock on July 11 with “Sell” rating.

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