CommScope Holding Company, Inc. (NASDAQ:COMM) Short Interest Up 16.0% in February

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 10,530,000 shares, a growth of 16.0% from the February 13th total of 9,080,000 shares. Based on an average daily volume of 4,590,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 5.0% of the company's shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider's stock valued at $33,000 after purchasing an additional 2,857 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in CommScope by 67.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock valued at $52,000 after purchasing an additional 4,026 shares in the last quarter. Bayesian Capital Management LP lifted its holdings in CommScope by 25.6% in the 4th quarter. Bayesian Capital Management LP now owns 22,100 shares of the communications equipment provider's stock valued at $115,000 after purchasing an additional 4,500 shares in the last quarter. Diversified Trust Co lifted its holdings in CommScope by 11.1% in the 4th quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider's stock valued at $252,000 after purchasing an additional 4,827 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in CommScope in the 4th quarter valued at about $27,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

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CommScope Stock Up 2.0 %

Shares of CommScope stock traded up $0.11 on Friday, hitting $5.60. The company's stock had a trading volume of 8,728,922 shares, compared to its average volume of 4,466,118. CommScope has a 52-week low of $0.86 and a 52-week high of $7.19. The firm has a fifty day moving average price of $5.29 and a 200-day moving average price of $5.45. The company has a market capitalization of $1.21 billion, a P/E ratio of -1.27, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on COMM shares. StockNews.com raised shares of CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $7.00 price target on shares of CommScope in a research report on Thursday, February 27th. Raymond James cut shares of CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Morgan Stanley cut shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price target on the stock. in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.75.

About CommScope

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.