Sprint Corporation (NYSE:S) was the target of a large decrease in short interest during the month of September. As of September 29th, there was short interest totalling 92,339,462 shares, a decrease of 4.7% from the September 15th total of 96,917,925 shares. Based on an average trading volume of 19,556,179 shares, the short-interest ratio is currently 4.7 days. Currently, 14.0% of the shares of the stock are sold short.

Sprint Corporation (S) opened at 7.05 on Thursday. Sprint Corporation has a 52-week low of $5.83 and a 52-week high of $9.65. The stock has a 50 day moving average price of $7.72 and a 200 day moving average price of $8.17. The company’s market capitalization is $28.18 billion.

Sprint Corporation (NYSE:S) last issued its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. Analysts anticipate that Sprint Corporation will post ($0.83) EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Wetherby Asset Management Inc. bought a new stake in Sprint Corporation during the second quarter valued at $100,000. Financial Counselors Inc. boosted its position in Sprint Corporation by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after acquiring an additional 201 shares during the last quarter. Summit Securities Group LLC bought a new stake in Sprint Corporation during the second quarter valued at $108,000. Advisors Asset Management Inc. boosted its position in Sprint Corporation by 2.2% during the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock valued at $122,000 after acquiring an additional 318 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Sprint Corporation by 17.0% during the second quarter. Stratos Wealth Partners LTD. now owns 15,188 shares of the cell phone carrier’s stock valued at $125,000 after acquiring an additional 2,210 shares during the last quarter. 13.95% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on S. BidaskClub lowered Sprint Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. KeyCorp restated a “hold” rating on shares of Sprint Corporation in a research report on Wednesday, October 11th. Wells Fargo & Company restated an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Zacks Investment Research lowered Sprint Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Barclays PLC restated a “neutral” rating and set a $8.00 price target on shares of Sprint Corporation in a research report on Wednesday, August 9th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.18.

WARNING: “Sprint Corporation (S) Short Interest Down 4.7% in September” was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/10/18/sprint-corporation-s-short-interest-down-4-7-in-september.html.

About Sprint Corporation

Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.

Receive News & Ratings for Sprint Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint Corporation and related companies with MarketBeat.com's FREE daily email newsletter.