FTE Networks Inc (NYSEAMERICAN:FTNW) Short Interest Down 17.8% in June

FTE Networks Inc (NYSEAMERICAN:FTNW) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 430,200 shares, a decline of 17.8% from the May 30th total of 523,500 shares. Based on an average trading volume of 46,900 shares, the short-interest ratio is currently 9.2 days. Currently, 10.4% of the shares of the company are short sold.

A hedge fund recently bought a new stake in FTE Networks stock. Bank of New York Mellon Corp acquired a new stake in shares of FTE Networks Inc (NYSEAMERICAN:FTNW) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,306 shares of the company’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned about 0.09% of FTE Networks as of its most recent filing with the Securities & Exchange Commission.

Shares of FTNW opened at $1.21 on Friday. FTE Networks has a 52 week low of $0.50 and a 52 week high of $19.00.

About FTE Networks

FTE Networks, Inc, together with its subsidiaries, offers technology-oriented solutions for smart platforms, network infrastructure, and buildings in the United States. The company operates through three segments: Infrastructure, Technology, and Staffing. It also provides telecommunications solutions, including design, engineering, installation, upgrade, repair, and maintenance of infrastructures, antennas, switching systems, and backhaul links, as well as fiber optic, copper, and coaxial cable networks used for video, data, and voice transmission.

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