Kubient, Inc. (NASDAQ:KBNT) Short Interest Update


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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.

In related news, major shareholder Mithaq Capital Spc acquired 12,865 shares of Kubient stock in a transaction dated Friday, March 5th. The shares were purchased at an average price of $5.35 per share, for a total transaction of $68,827.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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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