Is Buying Pdvwireless Inc (NASDAQ:PDVW), Having Higher Short Interest a Winning Strategy?

August 9, 2018 - By Jack Shaw

The stock of Pdvwireless Inc (NASDAQ:PDVW) registered an increase of 3.95% in short interest. PDVW’s total short interest was 500,100 shares in August as published by FINRA. Its up 3.95% from 481,100 shares, reported previously. With 40,900 shares average volume, it will take short sellers 12 days to cover their PDVW’s short positions. The short interest to Pdvwireless Inc’s float is 9.83%.

The stock increased 3.28% or $0.95 during the last trading session, reaching $29.9. About 7,868 shares traded. pdvWireless, Inc. (NASDAQ:PDVW) has risen 4.82% since August 9, 2017 and is uptrending. It has underperformed by 7.75% the S&P500.

pdvWireless, Inc. operates as a wireless communications carrier, and well-known provider of network and mobile communication solutions to infrastructure and enterprise customers. The company has market cap of $433.83 million. The firm is deploying push-to-talk networks and two-way radio service to businesses in industry verticals, such as construction, distribution, transportation, field services, waste management, and hospitality. It currently has negative earnings. It offers DispatchPlus service, which combines pdvConnect, a proprietary suite of mobile communication and workforce management applications with digital network architecture and mobile devices supplied by Motorola Solutions, Inc.

Another recent and important pdvWireless, Inc. (NASDAQ:PDVW) news was published by Nasdaq.com which published an article titled: “Mid-Afternoon Market Update: Crude Oil Up Over 2%; RLJ Entertainment Shares Spike Higher” on July 30, 2018.

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