What Next for Ribbon Communications Inc (NASDAQ:RBBN) Stock After Decrease in Shorted Shares?

June 7, 2018 - By Peter Erickson

The stock of Ribbon Communications Inc (NASDAQ:RBBN) registered a decrease of 9.22% in short interest. RBBN’s total short interest was 298,300 shares in June as published by FINRA. Its down 9.22% from 328,600 shares, reported previously. With 317,400 shares average volume, it will take short sellers 1 days to cover their RBBN’s short positions. The short interest to Ribbon Communications Inc’s float is 0.62%.

The stock increased 0.32% or $0.02 during the last trading session, reaching $6.21. About 85,043 shares traded. Ribbon Communications Inc. (NASDAQ:RBBN) has declined 15.92% since June 7, 2017 and is downtrending. It has underperformed by 28.49% the S&P500.

Ribbon Communications Inc. provides networked solutions worldwide. The company has market cap of $646.38 million. The firm offers Session Border Controllers that address security and interworking requirements for businesses, as well as regional and global communications service providers; Sonus GSX9000 Open Services Switch, which bridges IP and TDM networks by converting voice signal into Internet Protocol (IP) IP packets and transmitting those IP packets on a data network; and Sonus T7000 Intelligent Switching System, a class five end-office soft switch that provides residential and business voice services, as well as IP-IP multimedia processing engine services. It currently has negative earnings. It also provides Diameter Signaling Controller, a solution for 4G/long term evolution networks; Sonus Signal Transfer Point that acts as the switch/router in an SS7 signaling network; Sonus PSX Policy & Routing Server, a central routing and policy engine for its soft switch and distributed SBC solutions; and Web Real-Time Communications services solution.

More notable recent Ribbon Communications Inc. (NASDAQ:RBBN) news were published by: Prnewswire.com which released: “SoftBank Leverages Ribbon Protect Platform for Business-Critical Network Visibility and Monitoring” on June 04, 2018, also Prnewswire.com with their article: “Ribbon Perspectives18 to Feature Top Tier Global Service Provider and Enterprise Thought Leaders” published on May 22, 2018, Prnewswire.com published: “Ribbon Retains Subsentio to Meet Law Enforcement Assistance Mandates” on June 05, 2018. More interesting news about Ribbon Communications Inc. (NASDAQ:RBBN) were released by: Prnewswire.com and their article: “Red Hat Certifies Multiple Ribbon Virtual Network Functions on Open Stack Platform 10” published on May 24, 2018 as well as Prnewswire.com‘s news article titled: “Ribbon Communications Announces Participation in the Cowen and Company 46th Annual Technology, Media …” with publication date: May 24, 2018.

Ribbon Communications Inc. (NASDAQ:RBBN) Ratings Chart

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