FuboTV Inc. (NYSE:FUBO) Short Interest Up 8.4% in November

FuboTV Inc. (NYSE:FUBO) saw a large growth in short interest during the month of 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 Down 2.4 %

Shares of FuboTV stock traded down $0.04 during trading on Tuesday, hitting $1.44. 1,829,650 shares of the stock traded hands, compared to its average volume of 10,695,190. The company has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.48. FuboTV has a twelve month low of $1.10 and a twelve month high of $3.55. The stock has a market cap of $479.42 million, a P/E ratio of -2.20 and a beta of 1.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54.

Insider Buying and Selling at FuboTV

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

Institutional Trading of FuboTV

A number of institutional investors and hedge funds have recently modified their holdings of the company. United Advisor Group LLC bought a new position in FuboTV during the third quarter worth about $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 stake in shares of FuboTV during the second quarter worth $37,000. Apollon Wealth Management LLC raised its stake in shares of FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after buying an additional 12,431 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of FuboTV during the 2nd quarter valued at $76,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on FUBO shares. Needham & Company LLC restated a “buy” rating and set a $2.00 price objective on shares of FuboTV in a research report on Monday, August 19th. Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Barrington Research restated a “market perform” rating on shares of FuboTV in a report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, FuboTV currently has a consensus rating of “Hold” and a consensus target price of $2.88.

About FuboTV

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.