WideOpenWest, Inc. (NYSE:WOW) Sees Significant Decrease in Short Interest

WideOpenWest, Inc. (NYSE:WOW - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,320,000 shares, a decline of 28.6% from the March 15th total of 1,850,000 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 657,000 shares, the days-to-cover ratio is currently 2.0 days.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a "buy" rating and issued a $8.00 price objective on shares of WideOpenWest in a report on Thursday, March 14th.

WideOpenWest Price Performance

NYSE WOW traded down $0.02 during midday trading on Friday, hitting $3.64. The company had a trading volume of 282,314 shares, compared to its average volume of 642,542. The company has a market capitalization of $303.25 million, a PE ratio of -1.03 and a beta of 1.38. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 3.55. The firm has a 50-day moving average price of $3.56 and a 200-day moving average price of $4.49. WideOpenWest has a twelve month low of $2.31 and a twelve month high of $11.75.

WideOpenWest (NYSE:WOW - Get Free Report) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.08) EPS for the quarter. WideOpenWest had a negative return on equity of 12.32% and a negative net margin of 41.90%. The business had revenue of $168.80 million for the quarter, compared to analyst estimates of $171.13 million. As a group, analysts anticipate that WideOpenWest will post -0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WideOpenWest

A number of institutional investors have recently modified their holdings of WOW. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in WideOpenWest in the 2nd quarter worth about $29,000. Point72 Middle East FZE acquired a new position in WideOpenWest in the 4th quarter worth about $30,000. Tower Research Capital LLC TRC grew its position in shares of WideOpenWest by 150.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the company's stock valued at $31,000 after buying an additional 2,190 shares during the last quarter. Bfsg LLC acquired a new stake in shares of WideOpenWest in the fourth quarter valued at about $39,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of WideOpenWest in the second quarter valued at about $40,000. Institutional investors and hedge funds own 87.77% of the company's stock.

WideOpenWest Company Profile

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.