FuboTV Inc. (NYSE:FUBO) Sees Significant Growth in Short Interest

FuboTV Inc. (NYSE:FUBO - Get Free Report) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 39,230,000 shares, a growth of 8.4% from the November 15th total of 36,190,000 shares. Based on an average daily volume of 10,070,000 shares, the days-to-cover ratio is currently 3.9 days.

FuboTV Stock Performance

NYSE FUBO traded up $0.01 on Tuesday, hitting $1.48. 10,632,955 shares of the stock were exchanged, compared to its average volume of 10,732,629. The business's fifty day moving average is $1.57 and its 200 day moving average is $1.48. FuboTV has a 52 week low of $1.10 and a 52 week high of $3.55. The company has a market capitalization of $492.79 million, a PE ratio of -2.20 and a beta of 1.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

Analyst Ratings Changes

FUBO has been the topic of several analyst reports. Seaport Res Ptn lowered shares of FuboTV from a "strong-buy" rating to a "hold" rating in a report on Monday, August 19th. Barrington Research reaffirmed a "market perform" rating on shares of FuboTV in a research report on Tuesday, August 20th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $2.00 price objective on shares of FuboTV in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $2.88.

Insider Buying and Selling at FuboTV

In other FuboTV news, CFO John Janedis sold 74,326 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the transaction, the chief financial officer now directly owns 76,766 shares in the company, valued at approximately $112,846.02. This trade represents a 49.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Alberto Horihuela sold 47,478 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the completion of the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company's stock.

Institutional Trading of FuboTV

Hedge funds have recently made changes to their positions in the business. United Advisor Group LLC bought a new position in FuboTV during the 3rd quarter worth $26,000. Hibernia Wealth Partners LLC acquired a new stake in shares of FuboTV in the third quarter valued at approximately $27,000. Algert Global LLC bought a new position in FuboTV during the 2nd quarter worth $37,000. Apollon Wealth Management LLC lifted its position in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company's stock valued at $61,000 after acquiring an additional 12,431 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in shares of FuboTV during the 2nd quarter worth $76,000. 39.31% of the stock is owned by institutional investors and hedge funds.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.