Cambium Networks Co. (NASDAQ:CMBM) Sees Significant Increase in Short Interest

Cambium Networks Co. (NASDAQ:CMBM) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 471,400 shares, a growth of 23.9% from the October 15th total of 380,600 shares. Based on an average trading volume of 80,700 shares, the short-interest ratio is presently 5.8 days. Approximately 3.7% of the shares of the stock are short sold.

Analyst Ratings Changes

CMBM has been the topic of several analyst reports. Roth Mkm decreased their target price on shares of Cambium Networks from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Northland Securities reduced their target price on shares of Cambium Networks from $5.00 to $3.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th.

Cambium Networks Stock Down 3.3 %

Shares of NASDAQ CMBM traded down $0.04 during trading on Friday, hitting $1.16. The company had a trading volume of 59,876 shares, compared to its average volume of 90,188. Cambium Networks has a 12 month low of $1.08 and a 12 month high of $6.50. The stock has a 50 day simple moving average of $1.49 and a 200 day simple moving average of $2.20.

Institutional Trading of Cambium Networks

A number of institutional investors and hedge funds have recently bought and sold shares of CMBM. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cambium Networks in the second quarter valued at $52,000. Virtu Financial LLC purchased a new position in shares of Cambium Networks in the 1st quarter worth approximately $73,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Cambium Networks in the 2nd quarter worth $187,000. GSA Capital Partners LLP increased its holdings in shares of Cambium Networks by 266.4% during the third quarter. GSA Capital Partners LLP now owns 205,369 shares of the company’s stock valued at $376,000 after acquiring an additional 149,326 shares in the last quarter. Finally, RBF Capital LLC raised its holdings in shares of Cambium Networks by 28.5% in the third quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock worth $397,000 after buying an additional 48,077 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

About Cambium Networks

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.