Short Interest in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Expands By 6.8%

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 4,420,000 shares, a growth of 6.8% from the November 30th total of 4,140,000 shares. Based on an average daily trading volume, of 737,600 shares, the days-to-cover ratio is presently 6.0 days. Currently, 5.8% of the shares of the stock are short sold.

Consolidated Communications Price Performance

CNSL stock traded up $0.01 on Thursday, reaching $4.72. 13,550,700 shares of the company’s stock were exchanged, compared to its average volume of 684,254. The stock has a fifty day moving average of $4.67 and a 200-day moving average of $4.58. The firm has a market cap of $559.17 million, a PE ratio of -2.30 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 10.13. Consolidated Communications has a twelve month low of $4.18 and a twelve month high of $4.75.

Institutional Trading of Consolidated Communications

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in Consolidated Communications in the third quarter valued at about $47,000. Quantinno Capital Management LP acquired a new stake in shares of Consolidated Communications in the 3rd quarter worth approximately $53,000. Quantbot Technologies LP purchased a new position in shares of Consolidated Communications in the third quarter valued at $55,000. AQR Capital Management LLC increased its position in shares of Consolidated Communications by 22.1% in the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock valued at $123,000 after buying an additional 5,074 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Consolidated Communications by 14.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock worth $144,000 after buying an additional 4,061 shares in the last quarter. 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.