What’s Next for Ubiquiti Networks Inc (NASDAQ:UBNT) After Having Less Shares Shorted?

March 14, 2018 - By Marguerite Chambers

 What's Next for Ubiquiti Networks Inc (NASDAQ:UBNT) After Having Less Shares Shorted?

Investors sentiment increased to 1.22 in 2017 Q3. Its up 0.46, from 0.76 in 2017Q2. It is positive, as 22 investors sold Ubiquiti Networks, Inc. shares while 43 reduced holdings. 30 funds opened positions while 49 raised stakes. 25.51 million shares or 3.77% more from 24.58 million shares in 2017Q2 were reported.
Texas-based Next Financial Gru has invested 0% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Janney Montgomery Scott Ltd Llc reported 0.01% stake. Edgepoint has invested 5.13% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Tiaa Cref owns 61,121 shares or 0% of their US portfolio. Akre Mngmt Ltd Llc stated it has 2.19% of its portfolio in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Ing Groep Nv owns 21,000 shares. Benjamin F Edwards And Com holds 145 shares. Moreover, Deutsche National Bank Ag has 0% invested in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Koch Industries invested 0.18% of its portfolio in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Gilder Gagnon Howe And Co Ltd Liability invested in 0% or 3,175 shares. Foundry Prtnrs Ltd Com stated it has 47,336 shares or 0.11% of all its holdings. Huntington National Bank & Trust has 0% invested in Ubiquiti Networks, Inc. (NASDAQ:UBNT) for 1,741 shares. The Illinois-based Great Lakes Limited Liability Company has invested 0.18% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). California State Teachers Retirement System has invested 0% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Vanguard Gru invested in 0.01% or 2.00M shares.

The stock of Ubiquiti Networks Inc (NASDAQ:UBNT) registered a decrease of 15.7% in short interest. UBNT’s total short interest was 6.68M shares in March as published by FINRA. Its down 15.7% from 7.93 million shares, reported previously. With 325,100 shares average volume, it will take short sellers 21 days to cover their UBNT’s short positions. The short interest to Ubiquiti Networks Inc’s float is 31.06%.

The stock decreased 0.16% or $0.12 during the last trading session, reaching $70.61. About 185,732 shares traded. Ubiquiti Networks, Inc. (NASDAQ:UBNT) has risen 29.84% since March 14, 2017 and is uptrending. It has outperformed by 13.14% the S&P500.

Ubiquiti Networks, Inc. develops networking technology for service providers, enterprises, and clients worldwide. The company has market cap of $5.49 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. It has a 38.91 P/E ratio. 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

Among 9 analysts covering Ubiquiti Networks Inc (NASDAQ:UBNT), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 11% are positive. Ubiquiti Networks Inc had 28 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Wunderlich on Friday, May 6. FBN Securities maintained Ubiquiti Networks, Inc. (NASDAQ:UBNT) on Sunday, August 9 with “Buy” rating. The rating was maintained by Deutsche Bank with “Hold” on Monday, August 7. The company was upgraded on Friday, October 21 by JMP Securities. On Friday, February 9 the stock rating was maintained by Deutsche Bank with “Hold”. The company was downgraded on Monday, October 19 by JMP Securities. Wunderlich maintained Ubiquiti Networks, Inc. (NASDAQ:UBNT) rating on Friday, August 5. Wunderlich has “Buy” rating and $55 target. The stock of Ubiquiti Networks, Inc. (NASDAQ:UBNT) earned “Buy” rating by Wunderlich on Friday, February 5. Deutsche Bank maintained the shares of UBNT in report on Friday, August 7 with “Hold” rating. BMO Capital Markets downgraded it to “Underperform” rating and $30 target in Thursday, September 17 report.

More notable recent Ubiquiti Networks, Inc. (NASDAQ:UBNT) news were published by: Prnewswire.com which released: “RM LAW Announces Class Action Lawsuit Against Ubiquiti Networks, Inc.” on February 27, 2018, also Businesswire.com with their article: “INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Ubiquiti …” published on March 02, 2018, Businesswire.com published: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Ubiquiti …” on March 12, 2018. More interesting news about Ubiquiti Networks, Inc. (NASDAQ:UBNT) were released by: Zacks.com and their article: “Why Is Ubiquiti Networks, Inc. (UBNT) Down -11.68% Since its Last Earnings Report?” published on March 12, 2018 as well as Seekingalpha.com‘s news article titled: “Ubiquiti: Dinged By Its Own Business Model” with publication date: February 16, 2018.

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