Today Global Eagle Entertainment Incorporated (NASDAQ:ENT) Reported Increase in Shorted Shares

June 20, 2017 - By Ellis Scott

 Today Global Eagle Entertainment Incorporated (NASDAQ:ENT) Reported Increase in Shorted Shares

Investors sentiment increased to 0.97 in Q4 2016. Its up 0.15, from 0.82 in 2016Q3. It is positive, as 12 investors sold Global Eagle Entertainment Inc shares while 22 reduced holdings. 8 funds opened positions while 25 raised stakes. 74.13 million shares or 1.84% less from 75.52 million shares in 2016Q3 were reported.
Manufacturers Life Insurance The reported 0% in Global Eagle Entertainment Inc (NASDAQ:ENT). Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,012 shares. Metropolitan Life Ny reported 0% of its portfolio in Global Eagle Entertainment Inc (NASDAQ:ENT). 3,982 were reported by Royal Commercial Bank Of Canada. Citadel Advisors Limited Liability Co has 0% invested in Global Eagle Entertainment Inc (NASDAQ:ENT). Swiss National Bank holds 76,000 shares. Blackrock stated it has 10,617 shares or 0% of all its holdings. Gsa Cap Partners Limited Liability Partnership owns 11,062 shares for 0% of their portfolio. Laurion Cap Mgmt L P invested in 0.02% or 309,294 shares. Credit Suisse Ag, a Switzerland-based fund reported 36,392 shares. Invesco Ltd has 34,941 shares for 0% of their portfolio. Commercial Bank Of Mellon, a New York-based fund reported 210,837 shares. Wells Fargo And Commerce Mn invested in 0% or 1.77 million shares. Voya Mngmt Limited Com invested in 0% or 20,388 shares. New York State Common Retirement Fund reported 0% of its portfolio in Global Eagle Entertainment Inc (NASDAQ:ENT).

The stock of Global Eagle Entertainment Incorporated (NASDAQ:ENT) registered an increase of 6.98% in short interest. ENT’s total short interest was 6.31 million shares in June as published by FINRA. Its up 6.98% from 5.90 million shares, reported previously. With 499,900 shares average volume, it will take short sellers 13 days to cover their ENT’s short positions. The short interest to Global Eagle Entertainment Incorporated’s float is 13.98%.

It closed at $3.33 lastly. It is down 51.26% since June 20, 2016 and is downtrending. It has underperformed by 67.96% the S&P500.

Global Eagle Entertainment Inc. is a well-known provider of aircraft connectivity systems, activities solutions and media content to the travel industry. The company has market cap of $299.36 million. The Company’s divisions include Connectivity and Content. It currently has negative earnings. The Company’s Connectivity segment provides airline partners and their passengers with Wireless Fidelity connectivity over Ku-band satellite transmissions, and to a lesser extent activities solutions to airline customers.

Global Eagle Entertainment Inc (NASDAQ:ENT) Ratings Coverage

Among 7 analysts covering Global Eagle Entertainment (NASDAQ:ENT), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Global Eagle Entertainment had 9 analyst reports since October 8, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Wednesday, July 20. The stock of Global Eagle Entertainment Inc (NASDAQ:ENT) has “Buy” rating given on Thursday, October 8 by Evercore. Northland Capital initiated the stock with “Outperform” rating in Friday, January 13 report. The firm has “Hold” rating by Needham given on Tuesday, October 27. The firm has “Buy” rating given on Monday, January 9 by Dougherty & Company. As per Wednesday, January 25, the company rating was initiated by Guggenheim. The company was downgraded on Wednesday, February 22 by Dougherty & Company. The rating was downgraded by Piper Jaffray on Tuesday, February 21 to “Neutral”. The stock of Global Eagle Entertainment Inc (NASDAQ:ENT) has “Neutral” rating given on Wednesday, February 22 by Citigroup.

More notable recent Global Eagle Entertainment Inc (NASDAQ:ENT) news were published by: Globenewswire.com which released: “Global Eagle’s Airtimeâ„¢ Wireless Inflight Entertainment and Connectivity …” on April 05, 2017, also Reuters.com with their article: “BRIEF-Global Eagle Entertainment appoints Ron Steger to board” published on April 18, 2017, Reuters.com published: “BRIEF-Global Eagle Entertainment files for non-timely 10-Q” on May 11, 2017. More interesting news about Global Eagle Entertainment Inc (NASDAQ:ENT) were released by: Nasdaq.com and their article: “Global Eagle Entertainment (ENT) Jumps: Stock Rises 7.1%” published on June 19, 2017 as well as Blogs.Wsj.com‘s news article titled: “CFO Moves: Global Eagle Entertainment” with publication date: April 10, 2017.

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