What’s in Uniti Group Inc (NASDAQ:UNIT) After Decline in Shorted Shares?

March 14, 2018 - By Dolores Ford

 What’s in Uniti Group Inc (NASDAQ:UNIT) After Decline in Shorted Shares?

The stock of Uniti Group Inc (NASDAQ:UNIT) registered a decrease of 1.71% in short interest. UNIT’s total short interest was 29.26 million shares in March as published by FINRA. Its down 1.71% from 29.76 million shares, reported previously. With 1.99M shares average volume, it will take short sellers 15 days to cover their UNIT’s short positions. The short interest to Uniti Group Inc’s float is 17.87%.

The stock increased 0.24% or $0.04 during the last trading session, reaching $16.98. About 1.21M shares traded. Uniti Group Inc. (NASDAQ:UNIT) has risen 0.96% since March 14, 2017 and is uptrending. It has underperformed by 15.74% the S&P500.

Uniti Group Inc., an internally managed real estate investment trust, engages in the acquisition and construction of mission critical communications industry in the United States and Mexico. The company has market cap of $2.98 billion. It operates in four business divisions: Leasing, Fiber Infrastructure, Towers, and Consumer CLEC. It currently has negative earnings. The firm engages in the acquisition and leasing of mission-critical communications assets, such as fiber, data centers, consumer broadband, coaxial and upgradeable copper assets.

More important recent Uniti Group Inc. (NASDAQ:UNIT) news were published by: Seekingalpha.com which released: “6 Reasons To Buy This 14.4% Yielding Stock” on March 12, 2018, also Globenewswire.com published article titled: “Uniti Group Inc. to Present at the Deutsche Bank 26th Annual Media, Telecom …”, Seekingalpha.com published: “Uniti And Windstream: Fear Run Amok” on March 07, 2018. More interesting news about Uniti Group Inc. (NASDAQ:UNIT) was released by: Globenewswire.com and their article: “Uniti Group Inc. Reports Fourth Quarter and Full Year 2017 Results” with publication date: March 01, 2018.

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