Frontier Communications Parent, Inc. (NASDAQ:FYBR) Short Interest Update

Frontier Communications Parent, Inc. (NASDAQ:FYBR) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 7,468,438 shares, an increase of 22.0% from the December 31st total of 6,121,466 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average trading volume of 5,302,144 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 5,302,144 shares, the short-interest ratio is currently 1.4 days. Currently, 3.0% of the shares of the stock are sold short.

Frontier Communications Parent Trading Up 0.1%

FYBR stock opened at $38.49 on Thursday. The company has a market cap of $9.64 billion, a P/E ratio of -25.32 and a beta of 0.94. Frontier Communications Parent has a twelve month low of $35.31 and a twelve month high of $38.50. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.56. The business has a fifty day moving average of $38.21 and a 200-day moving average of $37.62.

Analyst Ratings Changes

A number of equities analysts have commented on FYBR shares. Zacks Research raised Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FYBR. Intech Investment Management LLC grew its stake in Frontier Communications Parent by 1.1% during the second quarter. Intech Investment Management LLC now owns 26,171 shares of the company’s stock worth $953,000 after buying an additional 286 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Frontier Communications Parent by 2.2% during the 2nd quarter. Savant Capital LLC now owns 14,267 shares of the company’s stock worth $519,000 after acquiring an additional 308 shares during the period. QRG Capital Management Inc. boosted its position in shares of Frontier Communications Parent by 5.0% during the 2nd quarter. QRG Capital Management Inc. now owns 6,635 shares of the company’s stock worth $242,000 after acquiring an additional 317 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Frontier Communications Parent by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,758 shares of the company’s stock valued at $319,000 after acquiring an additional 341 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its position in Frontier Communications Parent by 6.5% during the third quarter. United Capital Financial Advisors LLC now owns 6,713 shares of the company’s stock valued at $251,000 after purchasing an additional 407 shares in the last quarter.

About Frontier Communications Parent

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.