Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Short Interest Update

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 4,180,000 shares, an increase of 11.8% from the May 31st total of 3,740,000 shares. Based on an average daily trading volume, of 507,600 shares, the days-to-cover ratio is currently 8.2 days. Currently, 5.5% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Consolidated Communications in a report on Tuesday, June 25th. They issued a “sell” rating for the company.

Consolidated Communications Trading Down 0.2 %

NASDAQ CNSL traded down $0.01 on Monday, hitting $4.39. The company’s stock had a trading volume of 537,293 shares, compared to its average volume of 649,143. Consolidated Communications has a 52-week low of $2.93 and a 52-week high of $4.65. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 6.09. The company’s 50-day simple moving average is $4.33 and its 200 day simple moving average is $4.35. The firm has a market cap of $519.91 million, a P/E ratio of -1.70 and a beta of 1.00.

Consolidated Communications (NASDAQ:CNSL) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.28) earnings per share for the quarter. Consolidated Communications had a negative return on equity of 19.47% and a negative net margin of 22.42%. The business had revenue of $274.68 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kingswood Wealth Advisors LLC purchased a new position in shares of Consolidated Communications in the 4th quarter valued at approximately $47,000. Innealta Capital LLC bought a new position in Consolidated Communications during the 1st quarter valued at approximately $53,000. Envestnet Portfolio Solutions Inc. bought a new position in Consolidated Communications during the 3rd quarter valued at approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Consolidated Communications by 39.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider’s stock valued at $74,000 after buying an additional 4,803 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Consolidated Communications during the 1st quarter valued at approximately $83,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

About Consolidated Communications

Consolidated Communications Holdings, Inc, together with its subsidiaries, provides broadband and business communication solutions for consumer, commercial, and carrier channels in the United States. It offers high-speed broadband Internet access, SIP trunking, and voice over Internet protocol (VoIP) phone services; commercial data connectivity services in various markets, including Ethernet services, private line data services, software defined wide area network, and multi-protocol label switching services; networking services; cloud-based services; and data center and disaster recovery solutions.