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

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 4,490,000 shares, an increase of 6.7% from the June 30th total of 4,210,000 shares. Currently, 5.9% of the company’s stock are sold short. Based on an average daily volume of 519,100 shares, the days-to-cover ratio is presently 8.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Consolidated Communications in a research report on Saturday, July 27th. They set a “sell” rating on the stock.

Consolidated Communications Price Performance

Shares of Consolidated Communications stock remained flat at $4.60 on Thursday. The company had a trading volume of 425,915 shares, compared to its average volume of 641,565. Consolidated Communications has a 12-month low of $3.28 and a 12-month high of $4.65. The company has a market capitalization of $544.78 million, a price-to-earnings ratio of -1.78 and a beta of 1.00. The company has a fifty day simple moving average of $4.41 and a 200 day simple moving average of $4.36. The company has a debt-to-equity ratio of 6.09, a current ratio of 0.93 and a quick ratio of 0.93.

Consolidated Communications (NASDAQ:CNSL) last announced its earnings results 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 for the quarter.

Hedge Funds Weigh In On Consolidated Communications

Large investors have recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Consolidated Communications during the 1st quarter worth about $53,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 worth $74,000 after acquiring an additional 4,803 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Consolidated Communications by 22.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,922 shares of the utilities provider’s stock worth $78,000 after acquiring an additional 3,243 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Consolidated Communications during the 1st quarter worth about $83,000. Finally, Gamco Investors INC. ET AL acquired a new position in Consolidated Communications during the 1st quarter worth about $110,000. Institutional investors and hedge funds 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.