Short Interest in FTE Networks Inc (FTNW) Decreases By 8.5%
FTE Networks Inc (NYSEAMERICAN:FTNW) was the target of a significant decrease in short interest in March. As of March 29th, there was short interest totalling 800,042 shares, a decrease of 8.5% from the March 15th total of 873,977 shares. Approximately 19.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 300,597 shares, the days-to-cover ratio is presently 2.7 days.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in shares of FTE Networks during the 4th quarter worth approximately $26,000. Vanguard Group Inc. lifted its position in FTE Networks by 31.9% during the third quarter. Vanguard Group Inc. now owns 113,487 shares of the company’s stock worth $1,325,000 after buying an additional 27,425 shares in the last quarter. Finally, Vanguard Group Inc lifted its position in FTE Networks by 31.9% during the third quarter. Vanguard Group Inc now owns 113,487 shares of the company’s stock worth $1,325,000 after buying an additional 27,425 shares in the last quarter.
FTNW stock opened at $1.61 on Wednesday. FTE Networks has a 12 month low of $0.91 and a 12 month high of $24.05.
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About FTE Networks
FTE Networks, Inc, together with its subsidiaries, offers technology-oriented solutions for smart platforms, network infrastructure, and buildings in the United States. The company operates through three segments: Infrastructure, Technology, and Staffing. It also provides telecommunications solutions, including design, engineering, installation, upgrade, repair, and maintenance of infrastructures, antennas, switching systems, and backhaul links, as well as fiber optic, copper, and coaxial cable networks used for video, data, and voice transmission.
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