Frontier Communications Corporation (NASDAQ:FTR), A increase of 13,876,923 shares or 9.7% was observed in the short interest of Frontier Communications Corporation The interest on June 15,2016 came in at 156,739,659 shares and as per the average daily trading of 13,897,075 shares, the days to cover are 11. The increased interest is 13.5% of the floated shares. The data of May 31,2016 put the interest at 142,862,736 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Frontier Communications Corporation (NASDAQ:FTR): The stock opened at $4.92 on Friday but the bulls could not build on the opening and the stock topped out at $5.05 for the day. The stock traded down to $4.83 during the day, due to lack of any buying support eventually closed down at $4.87 with a loss of -4.51% for the day. The stock had closed at $5.10 on the previous day. The total traded volume was 26,870,875 shares.
The company shares have dropped -1.22% from its 1 Year high price. On Mar 7, 2016, the shares registered one year high at $5.85 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.13 and the 200 Day Moving Average price is recorded at $5.01.
Frontier Communications Corporation (NASDAQ:FTR) has tumbled 4.7% during the past week and has dropped 5.44% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.12%. Frontier Communications Corporation (NASDAQ:FTR) has underperformed the index by 2.58% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Frontier Communications Corporation is a communications company. The Company is engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice, data and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. It conducts business with both residential and business customers, and it provides the last mile of communications services to customers in these markets. The Company provides data and Internet services and wireless data services, basic local and long distance voice wireline services to residential and business customers in its service areas, network access to interexchange carriers for origination and termination of long distance voice and data traffic, sales of its own and third party video services, and sales of customer premise equipment.