WideOpenWest, Inc. (NYSE:WOW) Short Interest Down 88.6% in December

WideOpenWest, Inc. (NYSE:WOW) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 339,434 shares, a drop of 88.6% from the December 15th total of 2,970,754 shares. Based on an average daily trading volume, of 684,913 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 684,913 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of WideOpenWest in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $5.85.

WideOpenWest Trading Up 0.3%

WideOpenWest stock traded up $0.02 during trading hours on Tuesday, hitting $5.22. The company had a trading volume of 573,270 shares, compared to its average volume of 543,734. The firm has a market cap of $447.01 million, a P/E ratio of -5.49 and a beta of 0.82. The company has a 50-day moving average price of $5.18 and a two-hundred day moving average price of $4.84. WideOpenWest has a 1 year low of $3.06 and a 1 year high of $5.33. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.58 and a current ratio of 0.58.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.23). WideOpenWest had a negative net margin of 13.20% and a negative return on equity of 42.52%. The firm had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $144.06 million. On average, sell-side analysts anticipate that WideOpenWest will post -0.72 earnings per share for the current year.

Hedge Funds Weigh In On WideOpenWest

A number of large investors have recently bought and sold shares of WOW. Empowered Funds LLC lifted its holdings in WideOpenWest by 119.8% during the first quarter. Empowered Funds LLC now owns 96,638 shares of the company’s stock worth $478,000 after buying an additional 52,669 shares during the period. Strs Ohio purchased a new stake in shares of WideOpenWest during the 1st quarter worth $233,000. Paragon Capital Management Ltd boosted its position in WideOpenWest by 6.0% during the second quarter. Paragon Capital Management Ltd now owns 1,305,912 shares of the company’s stock valued at $5,302,000 after purchasing an additional 73,901 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in WideOpenWest by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 155,998 shares of the company’s stock valued at $633,000 after purchasing an additional 3,358 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its stake in WideOpenWest by 60.0% in the second quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock valued at $32,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

About WideOpenWest

WideOpenWest Inc (NYSE: WOW) is a broadband communications company that delivers internet, video and voice services to residential and business customers in the United States. Operating under the WOW! brand, the company focuses on high-speed internet access, digital cable programming and VoIP phone services, targeting both urban and suburban markets with bundled offerings designed to meet varying connectivity needs.

Founded in 1996, WideOpenWest has grown through a combination of organic expansion and strategic acquisitions.