Cambium Networks Corporation (NASDAQ:CMBM) Short Interest Down 15.6% in January

Cambium Networks Corporation (NASDAQ:CMBM) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 2,070,602 shares, a decrease of 15.6% from the January 15th total of 2,452,502 shares. Based on an average daily trading volume, of 379,040 shares, the days-to-cover ratio is presently 5.5 days. Currently, 17.2% of the company’s stock are sold short. Currently, 17.2% of the company’s stock are sold short. Based on an average daily trading volume, of 379,040 shares, the days-to-cover ratio is presently 5.5 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CMBM shares. Wall Street Zen upgraded Cambium Networks to a “hold” rating in a research note on Saturday, November 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cambium Networks in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Cambium Networks

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP increased its position in Cambium Networks by 11.2% in the 3rd quarter. GSA Capital Partners LLP now owns 182,737 shares of the company’s stock valued at $163,000 after acquiring an additional 18,428 shares during the period. Thompson Davis & CO. Inc. bought a new stake in shares of Cambium Networks during the fourth quarter valued at about $29,000. State Street Corp grew its position in Cambium Networks by 51.8% in the 4th quarter. State Street Corp now owns 60,390 shares of the company’s stock valued at $87,000 after buying an additional 20,600 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in Cambium Networks during the 1st quarter valued at about $26,000. 87.17% of the stock is owned by institutional investors.

Cambium Networks Stock Down 1.6%

Shares of NASDAQ:CMBM opened at $1.21 on Wednesday. The company’s 50-day moving average price is $1.53 and its 200 day moving average price is $1.38. The company has a market cap of $34.17 million, a PE ratio of -0.58 and a beta of 1.98. Cambium Networks has a fifty-two week low of $0.23 and a fifty-two week high of $6.80.

About Cambium Networks

Cambium Networks Corporation, founded in 2011 as a spin-out from Motorola Solutions and headquartered in Rolling Meadows, Illinois, is a global provider of wireless broadband infrastructure. The company designs and delivers fixed wireless networking solutions that enable high-capacity connectivity for service providers, enterprises, and government agencies. Cambium’s technology portfolio focuses on reliable, scalable links in challenging environments, offering alternatives to fiber and traditional wired networks.

The company’s core offerings include point-to-point (PTP) and point-to-multipoint (PTMP) wireless backhaul products that deliver gigabit-class throughput over distances up to tens of kilometers.