The Dish Network Corp. (DISH) Short Interest Down 11.5% in November

The Dish Network Corp. (DISH) Short Interest Down 11.5% in November

Dish Network Corp. (NASDAQ:DISH) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 12,702,628 shares, a decrease of 11.5% from the October 31st total of 14,358,935 shares. Based on an average daily volume of 2,585,455 shares, the short-interest ratio is presently 4.9 days. Currently, 5.8% of the shares of the stock are short sold.

Shares of Dish Network Corp. (NASDAQ:DISH) opened at 55.93 on Monday. Dish Network Corp. has a 12-month low of $38.85 and a 12-month high of $63.80. The stock has a 50 day moving average of $56.49 and a 200 day moving average of $52.72. The company has a market cap of $26.00 billion, a price-to-earnings ratio of 29.88 and a beta of 1.05.

Dish Network Corp. (NASDAQ:DISH) last released its earnings results on Wednesday, November 9th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.04. Dish Network Corp. had a return on equity of 40.84% and a net margin of 6.48%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the company earned $0.42 EPS. Dish Network Corp.’s quarterly revenue was up .5% compared to the same quarter last year. Analysts forecast that Dish Network Corp. will post $3.01 earnings per share for the current year.

DISH has been the subject of several research analyst reports. Macquarie raised shares of Dish Network Corp. from a “neutral” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Tuesday, August 9th. Jefferies Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Dish Network Corp. in a research note on Friday, August 26th. Zacks Investment Research raised shares of Dish Network Corp. from a “hold” rating to a “strong-buy” rating and set a $60.00 target price for the company in a research note on Wednesday, September 21st. Pivotal Research raised their target price on shares of Dish Network Corp. from $82.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, November 10th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $85.00 target price on shares of Dish Network Corp. in a research note on Thursday, November 10th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $67.96.

In related news, insider Carl E. Vogel sold 30,000 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $53.54, for a total transaction of $1,606,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 49.40% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in DISH. Piedmont Investment Advisors LLC purchased a new stake in shares of Dish Network Corp. during the third quarter worth about $2,474,000. Price T Rowe Associates Inc. MD raised its stake in shares of Dish Network Corp. by 8.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 153,923 shares of the company’s stock worth $8,432,000 after buying an additional 11,670 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Dish Network Corp. during the third quarter worth about $362,000. LPL Financial LLC purchased a new stake in shares of Dish Network Corp. during the third quarter worth about $201,000. Finally, Credit Suisse AG raised its stake in shares of Dish Network Corp. by 63.2% in the third quarter. Credit Suisse AG now owns 743,384 shares of the company’s stock worth $40,723,000 after buying an additional 287,910 shares in the last quarter. 45.99% of the stock is owned by hedge funds and other institutional investors.

Dish Network Corp. Company Profile

Related posts

Leave a Comment