Trading was light with 1,717 shares changing hands in the last trading session. Overall, volume was down 82.08% under the stocks normal daily volume.
Short traders are more bearish on Otelco Inc. if you look at the increase in short interest. The company recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 39.77%. Short interest increased 5,412 over that timeframe. Days to cover increased from 1.0 to 2.0 and the short interest percentage is 0.01% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (OTEL). As of the end of the quarter Blackrock Inc. had sold a total of 29,982 shares trimming its stake by 97.4%. The value of the investment in (OTEL) decreased from $218,000 to $6,000 decreasing 97.2% for the reporting period. Creative Planning expanded its position by buying 30 shares an increase of 300.0% in the quarter. Creative Planning claims 40 shares worth $0. The total value of its holdings decreased nan%.
As of quarter end Ubs Group Ag had disposed of 228 shares trimming its position 91.6%. The value of the investment in OTEL went from $2,000 to $0 a change of 100.0% quarter over quarter. As of the end of the quarter Acadian Asset Management LLC had bought a total of 57 shares growing its holdings by 2.1%. The value of the company’s investment in Otelco Inc. went from $20,000 to $26,000 a change of $6,000 since the last quarter.
The company is now down since yesterday’s close of $10.09. Shares of the company are trading at $10.09 slightly over the 50 day moving average which is $9.76 and much higher than the 200 day moving average of $8.21. The 50 day moving average was up $0.33 or +3.414% and the 200 day average went up $1.88 or +22.876%.
The company’s P/E ratio is 6.668 and the market cap of the company is 33.75M.
Otelco Inc., launched on October 20, 1998, provides a range of telecommunication services on a retail and wholesale basis. The Company provides local and long distance telecommunications voice and broadband data services; wholesale access to the local and long distance network, and network access to other wireline, long distance and wireless carriers for calls originated or terminated on its network. The Company views, manages and evaluates the results of its operations from the various communications services. The Company operates approximately 10 rural local exchange carrier (RLEC) businesses, approximately four of which serve contiguous territories in north central Alabama; over three of which serve territories adjacent to either Portland or Bangor, Maine, and approximately one each serving a portion of western Massachusetts, central Missouri, western Vermont and southern West Virginia. The Company also offers cloud hosting and managed services for small and mid-sized companies..