Frontier Communications Parent, Inc. (NASDAQ:FYBR) Sees Large Growth in Short Interest

Frontier Communications Parent, Inc. (NASDAQ:FYBR) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 7,468,438 shares, an increase of 22.0% from the December 31st total of 6,121,466 shares. Based on an average daily trading volume, of 5,302,144 shares, the short-interest ratio is presently 1.4 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,302,144 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FYBR shares. Zacks Research upgraded shares of Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Frontier Communications Parent has an average rating of “Hold”.

Frontier Communications Parent Trading Up 0.1%

Frontier Communications Parent stock traded up $0.05 during trading hours on Wednesday, reaching $38.49. The stock had a trading volume of 13,032,800 shares, compared to its average volume of 3,741,835. The company has a fifty day simple moving average of $38.19 and a 200-day simple moving average of $37.62. Frontier Communications Parent has a 52 week low of $35.31 and a 52 week high of $38.50. The stock has a market cap of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.30 and a quick ratio of 0.30.

Institutional Investors Weigh In On Frontier Communications Parent

Several institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC bought a new position in shares of Frontier Communications Parent in the 3rd quarter worth about $25,000. Geneos Wealth Management Inc. increased its stake in shares of Frontier Communications Parent by 957.5% during the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after purchasing an additional 699 shares in the last quarter. Danske Bank A S purchased a new position in shares of Frontier Communications Parent during the third quarter valued at approximately $30,000. Signaturefd LLC boosted its position in shares of Frontier Communications Parent by 85.7% in the 4th quarter. Signaturefd LLC now owns 908 shares of the company’s stock worth $35,000 after purchasing an additional 419 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Frontier Communications Parent by 469.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,138 shares of the company’s stock worth $43,000 after buying an additional 938 shares during the last quarter.

About Frontier Communications Parent

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.