Frontier Communications Corp Sees Large Drop in Short Interest (FTR)
Shares of Frontier Communications Corp (NASDAQ:FTR) were the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 148,535,905 shares, a decline of 15.8% from the July 31st total of 176,393,899 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 12,803,227 shares, the short-interest ratio is currently 11.6 days. Approximately 14.9% of the shares of the company are short sold.
Shares of Frontier Communications Corp (NASDAQ:FTR) opened at 6.79 on Tuesday. Frontier Communications Corp has a 52-week low of $4.09 and a 52-week high of $7.24. The stock’s 50-day moving average is $6.33 and its 200-day moving average is $5.72. The company has a market cap of $6.804 billion and a P/E ratio of 37.92.
Frontier Communications Corporation (NASDAQ:FTR) is a communications company providing services primarily to rural areas and small and medium-sized towns and cities in the United States.