Array Digital Infrastructure Inc. (NYSE:AD) Short Interest Update

Array Digital Infrastructure Inc. (NYSE:AD) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 1,206,194 shares, a decrease of 17.5% from the January 15th total of 1,462,179 shares. Based on an average trading volume of 455,881 shares, the short-interest ratio is currently 2.6 days. Approximately 1.4% of the company’s stock are short sold. Approximately 1.4% of the company’s stock are short sold. Based on an average trading volume of 455,881 shares, the short-interest ratio is currently 2.6 days.

Array Digital Infrastructure Price Performance

Shares of NYSE AD traded up $0.41 during trading on Monday, hitting $50.97. The stock had a trading volume of 184,897 shares, compared to its average volume of 305,737. The company’s fifty day moving average price is $51.89. The firm has a market capitalization of $4.33 billion, a P/E ratio of 283.16 and a beta of 0.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.26. Array Digital Infrastructure has a 12 month low of $44.03 and a 12 month high of $79.17.

Array Digital Infrastructure Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 23rd were given a $10.25 dividend. The ex-dividend date of this dividend was Friday, January 23rd.

Hedge Funds Weigh In On Array Digital Infrastructure

Hedge funds have recently modified their holdings of the company. Gabelli Funds LLC bought a new stake in Array Digital Infrastructure during the fourth quarter worth $29,649,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Array Digital Infrastructure in the 4th quarter valued at $1,000,000. Carlson Capital L.P. purchased a new stake in shares of Array Digital Infrastructure during the 4th quarter valued at $504,000. Vanguard Group Inc. bought a new stake in shares of Array Digital Infrastructure during the 4th quarter worth $76,634,000. Finally, Arizona State Retirement System bought a new stake in shares of Array Digital Infrastructure during the 4th quarter worth $240,000. Institutional investors own 18.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AD shares. Citigroup lifted their price target on shares of Array Digital Infrastructure from $37.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Array Digital Infrastructure in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Array Digital Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Royal Bank Of Canada decreased their target price on shares of Array Digital Infrastructure from $62.00 to $56.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. Finally, Wells Fargo & Company lowered their target price on shares of Array Digital Infrastructure from $62.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $57.67.

Array Digital Infrastructure Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices. In addition, the company offers various accessories, such as cases, screen protectors, chargers, and memory cards; and consumer electronics, including audio, home automation, and networking products; as well as offers option to purchase devices and accessories under installment contracts.