Cambium Networks Co. (NASDAQ:CMBM) Short Interest Up 23.9% in October

Cambium Networks Co. (NASDAQ:CMBM) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 471,400 shares, a growth of 23.9% from the October 15th total of 380,600 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 80,700 shares, the short-interest ratio is presently 5.8 days.

Institutional Trading of Cambium Networks

Several institutional investors have recently made changes to their positions in the business. RBF Capital LLC boosted its position in shares of Cambium Networks by 28.5% during the 3rd quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock valued at $397,000 after acquiring an additional 48,077 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Cambium Networks by 266.4% during the 3rd quarter. GSA Capital Partners LLP now owns 205,369 shares of the company’s stock valued at $376,000 after acquiring an additional 149,326 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Cambium Networks in the second quarter valued at about $187,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cambium Networks in the second quarter valued at about $52,000. Finally, Paradigm Capital Management Inc. NY boosted its position in Cambium Networks by 29.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 2,756,400 shares of the company’s stock valued at $7,690,000 after buying an additional 627,453 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMBM has been the subject of a number of recent analyst reports. Roth Mkm decreased their price objective on shares of Cambium Networks from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Northland Securities cut their target price on shares of Cambium Networks from $5.00 to $3.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th.

Cambium Networks Stock Down 3.3 %

NASDAQ CMBM traded down $0.04 during midday trading on Friday, hitting $1.16. The company had a trading volume of 59,876 shares, compared to its average volume of 90,188. The stock has a market cap of $32.76 million, a price-to-earnings ratio of -0.38 and a beta of 0.97. The firm has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $2.20. Cambium Networks has a fifty-two week low of $1.08 and a fifty-two week high of $6.50.

About Cambium Networks

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.