It Seems Cable One Incorporated (NYSE:CABO) Will Go Down. Just Reported More Shorted Shares

September 17, 2017 - By Adrian Mccoy

 It Seems Cable One Incorporated (NYSE:CABO) Will Go Down. Just Reported More Shorted Shares

The stock of Cable One Incorporated (NYSE:CABO) registered an increase of 17.75% in short interest. CABO’s total short interest was 202,300 shares in September as published by FINRA. Its up 17.75% from 171,800 shares, reported previously. With 25,000 shares average volume, it will take short sellers 8 days to cover their CABO’s short positions.

The stock increased 0.77% or $5.62 on September 15, reaching $736.74. About 61,849 shares traded or 95.68% up from the average. Cable One Inc (NYSE:CABO) has risen 41.86% since September 17, 2016 and is uptrending. It has outperformed by 25.16% the S&P500.

Cable One, Inc. is a provider of data, video and voice services. The company has market cap of $4.22 billion. The Firm offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It has a 39.54 P/E ratio. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

Cable One Inc (NYSE:CABO) Ratings Coverage

Among 4 analysts covering Cable One Inc (NYSE:CABO), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Cable One Inc had 5 analyst reports since July 27, 2015 according to SRatingsIntel. On Wednesday, January 4 the stock rating was downgraded by Moffett Nathanson to “Sell”. Wells Fargo initiated the stock with “Market Perform” rating in Monday, July 27 report. The stock of Cable One Inc (NYSE:CABO) earned “Outperform” rating by Raymond James on Wednesday, August 9.

More notable recent Cable One Inc (NYSE:CABO) news were published by: Seekingalpha.com which released: “Cable One Has More Room To Run” on March 27, 2017, also Seekingalpha.com with their article: “Cable One completes acquisition of NewWave Communications” published on May 01, 2017, Reuters.com published: “Cable One to buy privately held NewWave for $735 million” on January 18, 2017. More interesting news about Cable One Inc (NYSE:CABO) were released by: Seekingalpha.com and their article: “Cable ONE Will Acquire NewWave Communications For $735 Million” published on January 20, 2017 as well as Nasdaq.com‘s news article titled: “Cable ONE (CABO) Lags Q2 Earnings, Tops Revenue Estimates” with publication date: August 08, 2017.

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