Ubiquiti Inc. (NYSE:UI) Short Interest Down 25.8% in November

Ubiquiti Inc. (NYSE:UI) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 235,200 shares, a decrease of 25.8% from the November 15th total of 316,800 shares. Approximately 5.6% of the shares of the company are sold short. Based on an average daily volume of 72,200 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of Ubiquiti

A number of large investors have recently modified their holdings of UI. Huntington National Bank grew its position in Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 91 shares during the last quarter. nVerses Capital LLC acquired a new stake in Ubiquiti during the 2nd quarter worth about $44,000. Raleigh Capital Management Inc. purchased a new position in shares of Ubiquiti in the third quarter worth about $47,000. Hanseatic Management Services Inc. acquired a new stake in shares of Ubiquiti during the third quarter worth about $76,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ubiquiti in the 3rd quarter worth approximately $126,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Trading Down 0.5 %

Shares of UI traded down $1.89 during midday trading on Friday, hitting $344.71. The stock had a trading volume of 46,630 shares, compared to its average volume of 77,922. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The firm has a market cap of $20.84 billion, a PE ratio of 53.65 and a beta of 1.12. Ubiquiti has a 1 year low of $104.24 and a 1 year high of $366.33. The stock’s 50 day moving average is $296.89 and its 200 day moving average is $216.42.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, November 18th. Ubiquiti’s payout ratio is presently 37.15%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UI shares. Barclays raised their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday, November 11th. BWS Financial lifted their price objective on shares of Ubiquiti from $240.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.