KORE Group Holdings, Inc. (NYSE:KORE – Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 117,500 shares, a growth of 20.0% from the February 28th total of 97,900 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average trading volume of 201,300 shares, the days-to-cover ratio is currently 0.6 days.
KORE Group Stock Down 2.4 %
Shares of NYSE KORE traded down $0.06 during midday trading on Thursday, hitting $2.45. The stock had a trading volume of 6,125 shares, compared to its average volume of 74,263. KORE Group has a 1-year low of $1.10 and a 1-year high of $4.88. The company has a market capitalization of $41.67 million, a price-to-earnings ratio of -0.35 and a beta of 1.85. The company has a fifty day moving average price of $2.46 and a 200 day moving average price of $2.14.
Institutional Trading of KORE Group
An institutional investor recently bought a new position in KORE Group stock. Vectors Research Management LLC acquired a new stake in shares of KORE Group Holdings, Inc. (NYSE:KORE – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,430 shares of the company’s stock, valued at approximately $111,000. Vectors Research Management LLC owned approximately 0.20% of KORE Group as of its most recent SEC filing. Institutional investors and hedge funds own 57.45% of the company’s stock.
About KORE Group
KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company’s products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.
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