KORE Group Holdings, Inc. (NYSE:KORE) Short Interest Update

KORE Group Holdings, Inc. (NYSE:KORE) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 17,700 shares, a decrease of 21.3% from the November 30th total of 22,500 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 35,600 shares, the short-interest ratio is presently 0.5 days.

KORE Group Stock Performance

KORE stock traded up $0.50 during midday trading on Tuesday, reaching $3.22. The company had a trading volume of 1,435,417 shares, compared to its average volume of 68,700. The firm has a market capitalization of $54.77 million, a PE ratio of -0.46 and a beta of 2.33. The stock has a 50 day moving average price of $1.77 and a 200 day moving average price of $2.14. KORE Group has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 13.25.

Institutional Trading of KORE Group

A hedge fund recently raised its stake in KORE Group stock. Renaissance Technologies LLC grew its holdings in shares of KORE Group Holdings, Inc. (NYSE:KORE) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,200 shares of the company’s stock after buying an additional 6,300 shares during the period. Renaissance Technologies LLC owned 0.57% of KORE Group worth $40,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 57.45% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Cowen raised their price target on shares of KORE Group from $2.00 to $2.50 and gave the stock a “hold” rating in a research report on Wednesday, November 20th.

KORE Group Company Profile

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.