Global Eagle Entertainment Inc (NASDAQ:ENT) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 177,400 shares, a growth of 47.1% from the June 15th total of 120,600 shares. Currently, 6.0% of the company’s stock are sold short. Based on an average daily volume of 278,400 shares, the short-interest ratio is currently 0.6 days.
Shares of ENT stock traded up $0.36 during trading on Friday, reaching $4.48. 415,858 shares of the company’s stock were exchanged, compared to its average volume of 359,502. The stock has a market capitalization of $16.78 million, a PE ratio of -0.11 and a beta of 1.35. Global Eagle Entertainment has a twelve month low of $1.52 and a twelve month high of $24.00. The firm’s fifty day moving average price is $4.54 and its 200-day moving average price is $1.69.
Several equities research analysts have commented on the company. Zacks Investment Research cut Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 27th. ValuEngine cut Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Needham & Company LLC restated a “hold” rating on shares of Global Eagle Entertainment in a research note on Friday, March 20th.
An institutional investor recently raised its position in Global Eagle Entertainment stock. Frontier Capital Management Co. LLC raised its position in Global Eagle Entertainment Inc (NASDAQ:ENT) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,719,628 shares of the company’s stock after buying an additional 18,378 shares during the quarter. Frontier Capital Management Co. LLC owned 5.08% of Global Eagle Entertainment worth $744,000 at the end of the most recent reporting period.
Global Eagle Entertainment Company Profile
Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.
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