United States Cellular Co. (NYSE:USM) Short Interest Update

United States Cellular Co. (NYSE:USM - Get Free Report) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 552,900 shares, a decrease of 16.9% from the December 31st total of 665,700 shares. Currently, 3.8% of the company's stock are sold short. Based on an average trading volume of 138,900 shares, the days-to-cover ratio is presently 4.0 days.

United States Cellular Price Performance

Shares of NYSE USM traded up $1.67 during mid-day trading on Wednesday, hitting $64.16. 39,232 shares of the stock were exchanged, compared to its average volume of 109,408. The company has a market cap of $5.52 billion, a P/E ratio of -178.11 and a beta of 0.47. The stock's fifty day simple moving average is $62.57 and its two-hundred day simple moving average is $58.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. United States Cellular has a twelve month low of $32.01 and a twelve month high of $68.31.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of United States Cellular from $75.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Finally, Raymond James upgraded shares of United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research note on Thursday, November 7th.

Hedge Funds Weigh In On United States Cellular

A number of hedge funds and other institutional investors have recently bought and sold shares of USM. Skylands Capital LLC acquired a new stake in shares of United States Cellular during the fourth quarter worth $1,022,000. Venturi Wealth Management LLC lifted its holdings in shares of United States Cellular by 1,917.3% during the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider's stock worth $139,000 after acquiring an additional 2,109 shares during the period. Park Capital Management LLC WI bought a new stake in shares of United States Cellular during the 4th quarter worth approximately $459,000. Invesco LLC acquired a new position in United States Cellular during the 4th quarter worth approximately $219,000. Finally, R Squared Ltd acquired a new position in United States Cellular in the 4th quarter valued at approximately $38,000. 18.03% of the stock is owned by institutional investors.

United States Cellular 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 wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.