DISH Network Co. (NASDAQ:DISH) Short Interest Down 6.5% in October

DISH Network Co. (NASDAQ:DISHGet Rating) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 27,920,000 shares, a drop of 6.5% from the October 15th total of 29,860,000 shares. Currently, 11.2% of the shares of the company are sold short. Based on an average daily trading volume, of 4,310,000 shares, the days-to-cover ratio is currently 6.5 days.

Insider Buying and Selling at DISH Network

In other news, Director James Defranco acquired 110,000 shares of DISH Network stock in a transaction on Tuesday, September 6th. The stock was bought at an average price of $16.73 per share, for a total transaction of $1,840,300.00. Following the transaction, the director now owns 131,327 shares of the company’s stock, valued at $2,197,100.71. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 53.30% of the company’s stock.

Hedge Funds Weigh In On DISH Network

Institutional investors have recently bought and sold shares of the business. Twin Tree Management LP acquired a new stake in shares of DISH Network in the 1st quarter valued at $1,702,000. Potomac Capital Management Inc. increased its stake in shares of DISH Network by 54.2% in the 2nd quarter. Potomac Capital Management Inc. now owns 23,300 shares of the company’s stock valued at $418,000 after buying an additional 8,188 shares during the period. Kentucky Retirement Systems increased its stake in shares of DISH Network by 4.0% in the 1st quarter. Kentucky Retirement Systems now owns 15,916 shares of the company’s stock valued at $504,000 after buying an additional 618 shares during the period. Arizona State Retirement System increased its stake in shares of DISH Network by 2.6% in the 1st quarter. Arizona State Retirement System now owns 68,700 shares of the company’s stock valued at $2,174,000 after buying an additional 1,713 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of DISH Network by 64.7% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 27,775 shares of the company’s stock valued at $879,000 after buying an additional 10,915 shares during the period. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DISH shares. StockNews.com started coverage on DISH Network in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. Credit Suisse Group reduced their price objective on DISH Network from $45.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. UBS Group reduced their price objective on DISH Network from $44.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Barclays reduced their price objective on DISH Network from $19.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, November 3rd. Finally, Royal Bank of Canada reduced their price objective on DISH Network from $24.00 to $20.00 and set a “sector perform” rating for the company in a research report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.64.

DISH Network Trading Down 1.0 %

Shares of DISH opened at $15.23 on Friday. The stock has a fifty day moving average price of $15.09 and a two-hundred day moving average price of $17.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.40 and a current ratio of 0.50. DISH Network has a 52-week low of $12.55 and a 52-week high of $37.28. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 5.04 and a beta of 1.81.

DISH Network Company Profile

(Get Rating)

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.

Further Reading

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