Sprint Corp. (NYSE:S) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 168,473,585 shares, an increase of 4.6% from the October 14th total of 161,071,648 shares. Based on an average daily trading volume, of 22,018,117 shares, the short-interest ratio is currently 7.7 days. Currently, 26.6% of the shares of the company are sold short.

Shares of Sprint Corp. (NYSE:S) opened at 7.35 on Friday. The firm’s market cap is $29.26 billion. The firm has a 50-day moving average price of $6.70 and a 200-day moving average price of $5.47. Sprint Corp. has a 52-week low of $2.18 and a 52-week high of $7.81.

Sprint Corp. (NYSE:S) last issued its quarterly earnings results on Tuesday, October 25th. The cell phone carrier reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. Sprint Corp. had a negative net margin of 5.65% and a negative return on equity of 8.91%. The firm had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.69 billion. During the same period in the previous year, the firm posted ($0.15) EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts predict that Sprint Corp. will post ($0.83) EPS for the current fiscal year.

In other Sprint Corp. news, insider Roger Sole-Rafols sold 49,844 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $7.53, for a total value of $375,325.32. Following the sale, the insider now owns 1,516,241 shares in the company, valued at approximately $11,417,294.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Paul W. Schieber, Jr. sold 52,375 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $7.36, for a total value of $385,480.00. Following the completion of the sale, the vice president now owns 205,808 shares in the company, valued at approximately $1,514,746.88. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of Sprint Corp. by 0.7% in the third quarter. LPL Financial LLC now owns 15,566 shares of the cell phone carrier’s stock valued at $104,000 after buying an additional 111 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of Sprint Corp. by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 190,438 shares of the cell phone carrier’s stock worth $863,000 after buying an additional 481 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of Sprint Corp. by 0.9% in the second quarter. Commonwealth Equity Services Inc now owns 63,329 shares of the cell phone carrier’s stock worth $287,000 after buying an additional 547 shares during the last quarter. Calvert Investment Management Inc. boosted its stake in shares of Sprint Corp. by 1.6% in the second quarter. Calvert Investment Management Inc. now owns 33,840 shares of the cell phone carrier’s stock worth $153,000 after buying an additional 548 shares during the last quarter. Finally, Westpac Banking Corp boosted its stake in shares of Sprint Corp. by 1.3% in the third quarter. Westpac Banking Corp now owns 44,210 shares of the cell phone carrier’s stock worth $293,000 after buying an additional 558 shares during the last quarter. 14.73% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on S. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Sprint Corp. in a research report on Tuesday, July 26th. Royal Bank Of Canada upped their price objective on Sprint Corp. from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 26th. Morgan Stanley upped their target price on Sprint Corp. from $3.00 to $4.40 and gave the stock an “underweight” rating in a research note on Thursday, July 28th. Barclays PLC upped their target price on Sprint Corp. from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 26th. Finally, Argus reaffirmed a “hold” rating on shares of Sprint Corp. in a research note on Tuesday, July 26th. Nine research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Sprint Corp. presently has a consensus rating of “Hold” and an average price target of $4.72.

Sprint Corp. Company Profile

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.

5 Day Chart for NYSE:S

Receive News & Stock Ratings for Sprint Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint Corp. and related stocks with our FREE daily email newsletter.