WideOpenWest, Inc. (NYSE:WOW) Short Interest Down 88.6% in December

WideOpenWest, Inc. (NYSE:WOW) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 339,434 shares, a decrease of 88.6% from the December 15th total of 2,970,754 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 684,913 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 684,913 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

WideOpenWest Price Performance

WideOpenWest stock traded up $0.02 during mid-day trading on Monday, reaching $5.22. The company had a trading volume of 573,270 shares, compared to its average volume of 543,734. The stock’s 50-day simple moving average is $5.18 and its 200-day simple moving average is $4.84. WideOpenWest has a 1 year low of $3.06 and a 1 year high of $5.33. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $447.01 million, a P/E ratio of -5.49 and a beta of 0.82.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The firm had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $144.06 million. WideOpenWest had a negative return on equity of 42.52% and a negative net margin of 13.20%. On average, equities analysts predict that WideOpenWest will post -0.72 EPS for the current year.

Institutional Investors Weigh In On WideOpenWest

A number of large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its position in WideOpenWest by 485.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company’s stock worth $30,000 after acquiring an additional 4,753 shares during the last quarter. FNY Investment Advisers LLC increased its stake in shares of WideOpenWest by 60.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock worth $32,000 after purchasing an additional 3,000 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of WideOpenWest by 21.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,544 shares of the company’s stock worth $65,000 after purchasing an additional 2,201 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in WideOpenWest in the 3rd quarter valued at approximately $76,000. Finally, Verition Fund Management LLC acquired a new stake in WideOpenWest during the 3rd quarter valued at $76,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of WideOpenWest in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $5.85.

WideOpenWest Company Profile

WideOpenWest Inc (NYSE: WOW) is a broadband communications company that delivers internet, video and voice services to residential and business customers in the United States. Operating under the WOW! brand, the company focuses on high-speed internet access, digital cable programming and VoIP phone services, targeting both urban and suburban markets with bundled offerings designed to meet varying connectivity needs.

Founded in 1996, WideOpenWest has grown through a combination of organic expansion and strategic acquisitions.