Aerohive Networks, Inc. (NYSE:HIVE) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 1,236,559 shares, a decrease of 33.0% from the August 31st total of 1,846,178 shares. Based on an average trading volume of 333,657 shares, the short-interest ratio is currently 3.7 days. Approximately 4.0% of the shares of the company are short sold.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Worth Venture Partners LLC purchased a new stake in Aerohive Networks in the 2nd quarter worth $625,000. Marshall Wace North America L.P. bought a new position in Aerohive Networks during the 2nd quarter valued at about $2,041,000. Russell Investments Group Ltd. grew its holdings in Aerohive Networks by 36.7% during the 1st quarter. Russell Investments Group Ltd. now owns 793,021 shares of the communications equipment provider’s stock valued at $3,339,000 after purchasing an additional 212,899 shares during the last quarter. S Squared Technology LLC bought a new position in Aerohive Networks during the 2nd quarter valued at about $1,361,000. Finally, VIEX Capital Advisors LLC bought a new position in Aerohive Networks during the 1st quarter valued at about $1,578,000. Institutional investors own 44.70% of the company’s stock.

Several equities research analysts have issued reports on the company. BidaskClub downgraded Aerohive Networks from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research downgraded Aerohive Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded Aerohive Networks from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.05.

Shares of Aerohive Networks (HIVE) opened at 4.06 on Monday. The company has a 50 day moving average price of $3.72 and a 200-day moving average price of $4.23. The stock’s market cap is $177.04 million. Aerohive Networks has a 12 month low of $3.02 and a 12 month high of $6.14.

Aerohive Networks (NYSE:HIVE) last released its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Aerohive Networks had a negative net margin of 18.58% and a negative return on equity of 107.93%. The company had revenue of $42.30 million for the quarter, compared to analysts’ expectations of $43.11 million. During the same quarter in the previous year, the company earned ($0.02) EPS. Aerohive Networks’s revenue for the quarter was down 11.2% on a year-over-year basis. On average, equities research analysts predict that Aerohive Networks will post ($0.14) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Short Interest in Aerohive Networks, Inc. (HIVE) Declines By 33.0%” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at

About Aerohive Networks

Aerohive Networks, Inc together with its subsidiaries, has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy and manage a mobile-centric network edge. Its portfolio of products and solutions is built around sets of technologies and solutions, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.

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