Kubient, Inc. (NASDAQ:KBNT) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,080,000 shares, a drop of 24.5% from the March 31st total of 1,430,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the short-interest ratio is presently 1.1 days. Currently, 20.1% of the shares of the stock are short sold.
KBNT traded down $0.22 during trading hours on Tuesday, hitting $6.16. The company’s stock had a trading volume of 179,869 shares, compared to its average volume of 893,984. The business’s 50-day moving average price is $6.98 and its 200-day moving average price is $5.97. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.04. Kubient has a 12 month low of $2.10 and a 12 month high of $16.26.
Kubient (NASDAQ:KBNT) last issued its quarterly earnings data on Thursday, March 25th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The business had revenue of $1.10 million for the quarter.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Kubient during the 4th quarter valued at about $88,000. Essex Investment Management Co. LLC purchased a new stake in shares of Kubient during the 4th quarter valued at about $223,000. Genesee Capital Advisors LLC purchased a new stake in shares of Kubient during the 4th quarter valued at about $65,000. Virtu Financial LLC purchased a new stake in shares of Kubient during the 3rd quarter valued at about $46,000. Finally, IFP Advisors Inc purchased a new stake in shares of Kubient during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 1.05% of the company’s stock.
Separately, Maxim Group lifted their price objective on shares of Kubient from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, March 26th.
Kubient Company Profile
Kubient, Inc develops a cloud-based software platform for digital advertising industry. The company develops Audience Cloud, a platform for real-time trading of programmatic advertising. Its platform allows advertisers and publishers the ability to use machine learning during programmatic ad space auction.
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