KORE Group Holdings, Inc. (NYSE:KORE) Short Interest Down 17.6% in November

KORE Group Holdings, Inc. (NYSE:KORE) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 22,500 shares, a decrease of 17.6% from the November 15th total of 27,300 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 12,400 shares, the days-to-cover ratio is presently 1.8 days.

KORE Group Stock Down 4.9 %

KORE Group stock traded down $0.06 during mid-day trading on Friday, hitting $1.17. 113,118 shares of the company’s stock were exchanged, compared to its average volume of 27,857. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 13.25. The stock has a market cap of $19.90 million, a P/E ratio of -0.17 and a beta of 2.33. KORE Group has a 1-year low of $1.14 and a 1-year high of $6.45. The stock has a 50 day moving average of $1.86 and a two-hundred day moving average of $2.27.

Analysts Set New Price Targets

Separately, TD Cowen upped their price target on shares of KORE Group from $2.00 to $2.50 and gave the stock a “hold” rating in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On KORE Group

An institutional investor recently bought a new position in KORE Group stock. Courier Capital LLC purchased a new stake in shares of KORE Group Holdings, Inc. (NYSE:KORE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 172,149 shares of the company’s stock, valued at approximately $73,000. Courier Capital LLC owned 1.03% of KORE Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 57.45% of the company’s stock.

KORE Group Company Profile

KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company’s products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.