Towerstream Corporation (NASDAQ:TWER), A rise of 50,705 shares or 2.1% was seen in the short interest of Towerstream Corporation. Even as the interest increased from 2,367,288 shares on May 31,2016 to 2,417,993 shares on June 15,2016, the days to cover came in at 1. The updated interest stood at 4.9% of the stocks floats. The stock has seen an average daily volume of 2,986,198 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Towerstream Corporation (NASDAQ:TWER): The stock opened at $0.14 on Friday but the bulls could not build on the opening and the stock topped out at $0.16 for the day. The stock traded down to $0.14 during the day, due to lack of any buying support eventually closed down at $0.15 with a loss of -4.52% for the day. The stock had closed at $0.16 on the previous day. The total traded volume was 6,540,452 shares.
The company shares have dropped -91.33% from its 1 Year high price. On Aug 11, 2015, the shares registered one year high at $2.15 and the one year low was seen on Mar 30, 2016. The 50-Day Moving Average price is $0.21 and the 200 Day Moving Average price is recorded at $0.23.
Towerstream Corporation (NASDAQ:TWER) has tumbled 24.45% during the past week and has dropped 27.81% 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 23.2%. Towerstream Corporation (NASDAQ:TWER) has underperformed the index by 25.62% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Towerstream Corporation (Towerstream) is a fourth generation (4G) and small cell rooftop tower company. The Company provides a range of Wireless communication services through its two business segments: Fixed Wireless Services Segment and Shared Wireless Infrastructure Segment. The Companys fixed Wireless service supports bandwidth on demand, Wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. The Companys Shared Wireless Infrastructure segment offers a range of rental options on street level rooftops. The Company provides services to business customers in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas-Fort Worth, Houston, Philadelphia, Las Vegas-Reno and Providence-Newport.