Cable One Incorporated (NYSE:CABO) Could Burn Your Long Portfolio After More Shorts

September 17, 2017 - By Henry Gaston

 Cable One Incorporated (NYSE:CABO) Could Burn Your Long Portfolio After More Shorts

The stock of Cable One Incorporated (NYSE:CABO) registered an increase of 17.75% in short interest. CABO’s total short interest was 202,300 shares in September as published by FINRA. Its up 17.75% from 171,800 shares, reported previously. With 25,000 shares average volume, it will take short sellers 8 days to cover their CABO’s short positions.

The stock increased 0.77% or $5.62 on September 15, reaching $736.74. About 61,849 shares traded or 95.68% up from the average. Cable One Inc (NYSE:CABO) has risen 41.86% since September 17, 2016 and is uptrending. It has outperformed by 25.16% the S&P500.

Cable One, Inc. is a provider of data, video and voice services. The company has market cap of $4.22 billion. The Firm offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It has a 39.54 P/E ratio. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

Cable One Inc (NYSE:CABO) Ratings Coverage

Among 4 analysts covering Cable One Inc (NYSE:CABO), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Cable One Inc had 5 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Cable One Inc (NYSE:CABO) earned “Outperform” rating by Raymond James on Wednesday, August 9. The firm has “Sell” rating given on Wednesday, January 4 by Moffett Nathanson. Wells Fargo initiated the stock with “Market Perform” rating in Monday, July 27 report.

More notable recent Cable One Inc (NYSE:CABO) news were published by: Nasdaq.com which released: “Cable ONE (CABO) Lags Q2 Earnings, Tops Revenue Estimates” on August 08, 2017, also Reuters.com with their article: “Cable One to buy privately held NewWave for $735 million” published on January 18, 2017, Seekingalpha.com published: “Cable ONE’s (CABO) CEO Julia Laulis on Q2 2017 Results – Earnings Call Transcript” on August 12, 2017. More interesting news about Cable One Inc (NYSE:CABO) were released by: Seekingalpha.com and their article: “Cable One Has More Room To Run” published on March 27, 2017 as well as Seekingalpha.com‘s news article titled: “Cable ONE Will Acquire NewWave Communications For $735 Million” with publication date: January 20, 2017.

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