CommScope Holding Company, Inc. (NASDAQ:COMM) Short Interest Update

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 14,050,000 shares, an increase of 26.9% from the March 15th total of 11,070,000 shares. Based on an average daily trading volume, of 5,430,000 shares, the short-interest ratio is currently 2.6 days. Currently, 6.7% of the company's stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of COMM. Vanguard Group Inc. grew its holdings in shares of CommScope by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock worth $118,542,000 after purchasing an additional 694,363 shares during the last quarter. Deutsche Bank AG increased its position in CommScope by 182.2% during the fourth quarter. Deutsche Bank AG now owns 9,289,013 shares of the communications equipment provider's stock worth $48,396,000 after buying an additional 5,996,931 shares during the period. Geode Capital Management LLC lifted its stake in CommScope by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 5,126,442 shares of the communications equipment provider's stock valued at $26,715,000 after buying an additional 14,576 shares during the last quarter. State Street Corp increased its holdings in shares of CommScope by 9.2% in the 3rd quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider's stock valued at $28,034,000 after acquiring an additional 387,466 shares during the period. Finally, Renaissance Technologies LLC raised its position in CommScope by 10.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,421,300 shares of the communications equipment provider's stock valued at $23,035,000 after purchasing an additional 421,000 shares during the last quarter. 88.04% of the stock is owned by hedge funds and other institutional investors.

CommScope Trading Up 17.2 %

COMM stock traded up $0.56 during trading on Wednesday, hitting $3.79. 8,255,013 shares of the company's stock were exchanged, compared to its average volume of 4,907,353. The stock has a market capitalization of $819.68 million, a price-to-earnings ratio of -0.86, a PEG ratio of 0.41 and a beta of 1.98. CommScope has a 52-week low of $0.86 and a 52-week high of $7.19. The business has a 50-day moving average price of $4.81 and a two-hundred day moving average price of $5.22.

Analyst Upgrades and Downgrades

Several research firms have commented on COMM. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $7.00 price target on shares of CommScope in a research note on Thursday, February 27th. StockNews.com raised CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Raymond James downgraded CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upgraded shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 target price on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.